Mamata Machinery IPO subscribed overall 194.95 times on the last day, while a retail quota was subscribed 138.08 times and QIB was 235.88 and NII 274.38 respectively.
Details About Mamata Machinery’s IPO
Mamata Machinery got approval from SEBI for an IPO of ₹4,225.00 crores via IPO that comprises ₹179.39 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale of up to 73,82,340 equity shares with face value of ₹10 each. Moreover, the company has set up a ₹230 to ₹243 per share. In this IPO total of 61 shares were available in 1 lot size for the minimum Retail category and for retail maximum in 13 lot size of 793 shares. While HNI (Min) total of 854 shares in 14 lot sizes and HNI(Max) total of 4,148 shares in 69 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,823
- Retail investors: maximum investment of ₹1,92,699
- Small HNI (S-HNI): Minimum investment of ₹2,07,522
- Big HNI(B-Hni): Maximum Investment of ₹10,07,964
Subscription duration of Mamata Machinery
Mamata Machinery IPO Subscription started on 19th December 2024 to till 23rd December 2024. While Mamata Machinery IPO allotment will be available on December 24, 2024, and they received a refund on December 26, 2024.
Funds Deployment of This IPO
- Execute the selling shareholders’ offer to sell up to 7,382,340 equity shares.
- Get the advantages of having equity shares listed on stock exchanges.
About Mamata Machinery Company
Mamta Manufacturing was established in 1979 with the primary goal of producing and exporting extrusion equipment, plastic bags, packing machinery, and plastic pouch-sealing machines. The company’s packaging machinery is mostly supplied to food, beverage, and fast-moving consumer goods firms. Till now this company has offered 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. with 2021, 2022, 2023, and 2024 expenses totaling 131.26 crores, 167.03 crores, 181.61 crores, and 131.44 crores, respectively. FY 2024 will bring in 148.25 crores. It has chosen to issue 73,82,340 shares, or the entire OFS (Offer For Sale), in an initial public offering (IPO).
Mamata Machinery IPO Financial Background
Its revenue is ₹241.31 crores in 2024 against ₹210.13 crores in 2023. Moreover, profit was also good around ₹36.13 crores in 2024 in contrast to ₹22.51 crores in 2023.
