New Delhi: The Mamata Machinery IPO GMP (or Grey Market Premium) stood at a huge Rs 260 on December 20 morning. Considering an issue price of Rs 243, this GMP indicated a mammoth listing gain of 107%. However, it must be remembered that the GMP is not an official indicator. Though it is valued by investors, it is actually an unofficial gauge that does not guarantee anything – listing gain or loss and can change with time.
The enthusiasm of the investors with Mamata Machinery IPO is evident from the fact that the issue was oversubscribed quickly after the bidding process opened on December 19, 2024. The retail segment attracted the subscription level of 24.23 times, sNII at Rs 34.11 times, bNII at 10.99 times, non-institutional buyers at 18.99 times at the close of Day 1 of the bidding process on December 19.
Mamata Machinery IPO price, lot size
The Mamata Machinery IPO is a book-built issue designed to raise Rs 179.39 crores from the market. The issue does not have fresh issue entirely consists of an offer for sale of 0.74 crore shares. The price band of Mamata Machinery IPO has been fixed at Rs 230-243. A retail investor has to invest for a minimum of 61 shares that will cost Rs 14,823. The minimum investible lot for sNII has 14 lots or 854 shares which will cost Rs 2,07,522. For bNII the minimum application money is Rs 10,07,964 for 68 lots. Mamata Machinery has raised Rs 53.55 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Wednesday, December 18.
Mamata Machinery IPO allotment, listing
The date for allotment of Mamata Machinery IPO shares is fixed on December 24 and the shares will be listed on BSE, NSE on Friday, December 27. Shares will be credited to demat account on December 26. Gujarat-based Mamata Machinery Limited was set up in April 1979. It’s core competence lies in manufacturing and export of machinery for making plastic bags, pouches, packaging, and extrusion equipment. It also offers manufacturing solutions for the packaging industry. FMCG, food and beverage industries are its prominent clients. There are 75 countries that feature in the export list of Mamata Machinery.
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The Rs 179.39-crore Mamata Machinery IPO was subscribed 16.7 times on Day 1 of the bidding process and bidding will end on December 23. The GMP was` recorded at Rs 260 on December 20, indicating listing gain of 107%. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
