As an investor, deciding whether to apply for an IPO or not can often be challenging. If you are confused and worried about whether Mamata Machinery IPO apply or not? Then worry not here we are describing 10 important key points & detailed Mamata Machinery IPO review which will help you to take the decision.
1. Mamata Machinery IPO Open and closing date?
Mamata Machinery IPO opening date is December 19, 2024, and the closing date is December 23, 2024.
2. What is the size of the Mamata Machinery IPO?
The company Mamata Machinery decided to raise around ₹179.39 crores via IPO which comprises entirely an offer for sale with up to 73,82,340 equity shares face value of ₹10 each.
3. What are the subscription details of the Mamata Machinery IPO?
The price band for the Mamata Machinery IPO is ₹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 the maximum retail category, 793 shares in 13 lot sizes were available as well. For S-HNI Minimum category 854 shares were available in 14 lot sizes. While for the B-HNI Minimum category 4,148 shares were available in 68 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,823 and maximum investment of ₹1,92,699.
- Small HNI (S-HNI): Minimum investment of ₹2,07,522.
- Big HSI (S-HNI): A minimum investment of ₹10,07,964 is required.
4. What is the Mamata Machinery IPO listing Date?
Mamata Machinery is a Mainboard IPO whose shares will be listed on 27th December 2024 on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
5. What are the objectives of the Mamata Machinery IPO Issue?
The Mamata Machinery IPO aims to Carry out the Offer for Sale of up to 7,382,340 Equity Shares by the Selling Shareholders and Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
6. About Mamata Machinery
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.
7. Mamata Machinery Financials
The company reported revenue of ₹200.87 crore in 2023 against ₹192.25 crore in 2022. The company reported Profit of ₹22.51 crores in 2023 against Profit of ₹21.70 crores in 2022.
8. Mamata Machinery IPO Promoters
The company’s promoters are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP.
9. Mamata Machinery IPO Risk factors
- Pros:
- The company believes in customer satisfaction, they offer modern manufacturing facilities and have great expertise in material, providing them the ability to customize products according to the customer’s needs.
- Mamata Machinery has an exceptionally committed employee base and a skilled and experienced management team providing them a incredible future growth opportunities.
- The company constantly creates new and improved products to meet its global customers’ needs and requirements.
- Cons:
- The company mainly runs smoothly through its manufacturing facilities. However, if there are any problems like shutdown or slowdown in those facilities, it will affect the company’s growth, financials, and cash flow.
- Mamata Machinery imports raw materials from foreign countries
- and exports sell products to foreign countries, which means the company is always at risk due to the constant currency exchange rates, which may impact the company’s financial health and growth.
10. Who are the Mamata Machinery IPO lead managers and registrar?
Beeline Capital Advisors Private Limited is the lead manager of the Mamata Machinery while Link Intime India Private Limited is the registrar of the company.
