Mamata Machinery Limited IPO , established in 1979, is a leading manufacturer and exporter of plastic bag and pouch-making machines, packaging machinery, and extrusion equipment. Their products serve various industries, particularly in packaging applications for food and FMCG products.
Mamata Machinery IPO Details:
Issue Period: December 19, 2024, to December 23, 2024.
Issue Size: 7,382,340 equity shares, aggregating up to ₹179.39 crore.
Price Band: ₹230 to ₹243 per equity share.
Lot Size: 61 shares, requiring a minimum investment of ₹14,823.
Listing Date: Scheduled for December 27, 2024, on BSE and NSE.
Subscription Status:
The IPO received an overwhelming response, being oversubscribed 194.95 times. Breakdown by investor category:
Qualified Institutional Buyers (QIBs): 235.88 times.
Non-Institutional Investors (NIIs): 274.38 times.
Retail Individual Investors (RIIs): 138.08 times.
Employee Reserved Quota: 153.27 times.
Allotment and Listing:
The basis of allotment was finalized on December 24, 2024. Investors can check their allotment status through the official websites of BSE, NSE, or the registrar, Link Intime India. Shares are expected to be credited to demat accounts by December 26, 2024, with trading commencing on December 27, 2024.
Grey Market Premium (GMP):
As of December 24, 2024, the shares were trading at a GMP of ₹260, indicating a potential listing price of around ₹503, which is approximately a 107% premium over the upper issue price. However, GMP figures are speculative and should not be solely relied upon for investment decisions.
Mamata Machinery Pvt. Ltd. Company Overview:
Mamata Machinery specializes in providing end-to-end manufacturing solutions for the packaging industry. Their machines are integral in producing packaging for various sectors, ensuring quality and efficiency in production processes.
Key Considerations for Investors:
Strong Market Position: With decades of experience, Mamata Machinery holds a significant position in the packaging machinery industry.
Diversified Product Portfolio: Their range of machinery caters to multiple industries, reducing dependency on a single sector.
Financial Health: Prospective investors should review the company’s financial statements to assess profitability and growth prospects.
Market Dynamics: Consider the overall health of the manufacturing and FMCG sectors, as they directly impact the demand for packaging machinery.
