Mamata Machinery IPO subscription started on Thursday, December 19, 2024, and will close on December 23, 2024, as per the schedule. The price band is set at ₹230 to ₹243 per share with a face value of ₹10.
Mamata Machinery IPO Subscription Status
Mamata Machinery IPO subscribed over 38.7x on its second day till 5.00 PM on 20th December.
- Mamata Machinery IPO subscription QIB investors portion is 4.74 times, while NII subscribed 50.79 times and RII investors subscribed 52.68 times.
- The company has received bids for 20,03,86,220 shares against 51,78,227 shares on offer on the second day of subscription.
- Mamata Machinery IPO Subscribed over 38.7x on its second day.
- Mamata Machinery IPO Subscribed over 16.58x on its first day.
About Mamata Machinery Company
Mamta Manufacturing was founded in 1979, focusing on making and exporting plastic pouch sealing machines, packing machinery, plastic bags, and extrusion equipment. The company primarily provides its packaging machinery to brands in the FMCG, food, and beverage sectors. The company has provided machines to over 75 countries, with 800 machines in operation across Africa, 100 machines in the USA supported by two offices representing its global network, and 100 machines in India. To establish itself as a globally recognized leader in the flexible packaging industry is a vision of this company. There has been a fluctuation in expenses from 2021 to 2024, with expenses recorded at 131.26 crores in 2021, 167.03 crores in 2022, 181.61 crores in 2023, and 131.44 crores in the current year, 2024. The revenue for FY 2024 is 148.25 crores. It has decided to launch an IPO of 73,82,340 shares which is totally OFS(Offer For Sale).
Mamata Machinery Financial Report
The company reported revenue of ₹241.31 crores in 2024 against ₹210.13 crores in 2023. The company reported Profit of ₹36.13 crores in 2024 against Profit of ₹22.51 crores in 2023.
Mamata Machinery IPO GMP:
Mamata Machinery IPO GMP was ₹230 as of Friday, December 20th. That indicates the IPO is trading at ₹473 with ₹230 premium in the grey market against the issue price of ₹243.
