December 23, 2024
New Delhi, India
Mamata Machinery IPO
The ₹179.39 crore initial public offering (IPO) of Mamata Machinery Ltd is receiving exceptional demand, being oversubscribed 37.34 times as of 1 PM today, the final day of bidding.
Key IPO Highlights:
- Issue Details: Entirely an offer-for-sale (OFS) of 0.74 crore equity shares.
- Price Band: ₹230 to ₹243 per share.
- Lot Size: Minimum bid of 61 shares, amounting to ₹14,823, and a maximum of 13 lots (793 shares) for ₹1,92,699.
Subscription Overview:
- Retail Segment: Subscribed 50.55 times.
- Non-Institutional Investors (NII): Subscribed 49.45 times.
- Qualified Institutional Buyers (QIB): Subscribed 4.74 times.
- Employee Quota: Subscribed 53.97 times.
Allotment Dates:
The basis of allotment will be finalized on December 24, 2024, with shares credited to demat accounts by December 26. The listing on the BSE and NSE is tentatively scheduled for December 27.
Company Profile:
Mamata Machinery, founded in 1979, is a leading manufacturer and exporter of plastic bag, pouch, and packaging machines. Ranked seventh globally with a 3% market share in FY24, the company caters to industries like FMCG, food, and beverages, with a presence in over 75 countries, including the US, UAE, and Poland. It operates international offices in Florida and Illinois and has sales agents in Europe, South Africa, and Asia.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
