New Delhi: Mamata Machinery IPO subscription, which opened on Thursday, December 19, 2024, was fully subscribed 92 per cent soon after opening. The Rs 179 crore IPO has a price band of Rs 230-243 per share. Mamata Machinery IPO minimum lot size is valued at Rs 14,823 for 61 shares. The company has earmarked 19.91 per cent of the offer for qualified institutional buyers while non-institutional investors can bid for 14.93 per cent of the IPO shares on offer. The rest of the offer is available for subscription by retail investors.
Founded in 1979, the company manufactures machines for making plastic bags and related products. The machines, which are also used for making packaging material, are also exported by Mamata Machinery. The company’s key clientele includes the FMCG as well as the food and beverage industry.
Mamata Machinery GMP
Mamata Machinery IPO’s GMP stood at Rs 200 apiece on December 19, 2024, indicating a listing price of Rs 443 apiece. This indicates an 82.3 per cent premium over the IPO price of Rs 243 apiece. Grey market premium indicates the extra amount that an individual is willing to pay while acquiring the shares of a company.
Mamata Machinery IPO key dates
Mamata Machinery IPO subscription will close on December 23, 2024. The IPO allotment will be finalised on December 24, 2024. Mamata Machinery IPO will be listed on the exchanges on December 27, 2024.
Mamata Machinery IPO subscription status
Mamata Machinery IPO was subscribed 8.47X by NII investors while the retail portion was subscribed 14.15X. The QIB portion saw bids for over 11,00 shares compared to the 14.69 lakh shares on offer.
Mamata Machinery financials
Mamata Machinery reported a 15 per cent rise in revenues for the period ending March 31, 2024, at Rs 241.31 crore compared to Rs 210.13 crore in the year-ago period. The company’s net profit rose 61 per cent year-on-year to Rs 36.13 crore from Rs 22.51 crore in the year-ago period. Mamata Machinery’s promoters aim to pocket the IPO proceeds after deducting the offer-related expenses.
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Mamata Machinery IPO was oversubscribed as soon as it opened on December 19, 2024. Check GMP, key dates and subscription status for Mamata Machinery IPO here. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
