Mumbai: Five initial public offerings (IPOs) - DAM Capital Advisors,Transrail Lighting, Sanathan Textiles, Concord Enviro Systems and Mamata Machinery- closed on Monday with strong response from investors.The ₹840-crore IPO of DAM Capital Advisors, priced at ₹269-283 per share was subscribed 82.08 times. The issue was entirely an OFS. The ₹839-crore Transrail Lighting issue, priced at ₹410-432 per share, received 80.8 times bids. The IPO consisted of a fresh equity issue worth ₹400 crore and OFS of 1.01 crore shares by promoter Ajanma Holdings.The ₹550-crore IPO of Sanathan Textiles, priced at ₹305-321 per share, was subscribed 35.12 times.116613323It comprised a fresh issue of Rs 400 crore and an OFS of Rs 150 crore. Concord Enviro Systems’ Rs 500- crore issue was subscribed 10.67 times on Monday. The issue consisted of a fresh issue of Rs 175 crore along with an offer for sale of Rs 325 crore. It was priced at Rs 665-701 per share. Mamata Machinery’s Rs 179 crore issue was subscribed 194.95 times. It was priced at Rs 230-243 per share.
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