Mamata Machinery’s initial public offer (IPO) was off to a strong start on the first day and continued the momentum as the issue was booked a total of 194.95 times at the end of the final day. The company will likely finalise the basis of allotment of shares on December 24, 2024.
Mamata Machinery’s a ₹179.39 crore IPO book-built issue and consists entirely of an offer-for-sale component for 0.74 crore shares. The subscription period of the issue opened on December 19, 2024 and concluded on December 23, 2024. The company is expected to finalise the basis of allotment of shares on December 24, 2024. The tentative listing date for the shares of the company is set at December 27, 2024.
Mamata Machinery’s IPO received an overwhelming response from investors. The issue was received well and witnessed strong demand from every investor segment.
The qualified institutional buyers (QIBs) portion was booked 235.88 times as it received bids for 34.66 crore shares against 14.69 lakh shares on offer. The non-institutional investors (NIIs) portion was booked 274.38 times with bids for 30.23 crore shares against 11.02 lakh shares on offer.
For retail investors, the company had set aside 25.71 lakh shares and received bids for 35.50 crore shares or 138.08 times. The portion reserved for the company’s employees was subscribed 153.27 times with bids for 53.64 lakh shares against an offer of 35,000 shares.
The lot size for the Mamata Machinery IPO was 61 shares. The price band for the IPO was set at ₹230 to ₹243 per share. To apply to the Mamata Machinery IPO, an investor had to make a minimum investment of ₹14,823. The minimum lot size for small non-institutional investors and big non-institutional investors was set at 14 lots and 68 lots, respectively.
To check the allotment status of the Mamata Machinery IPO, investors can visit the Bombay Stock Exchange (BSE) website. Alternatively, investors can also visit the website of the IPO’s official registrar. LinkIn Time.
Investors who have applied for the Transrail Lighting IPO can check the allotment status on either the official registrar’s website or the BSE website.
Step 1: Visit the BSE website here
Step 2: Under ‘Issue Type’, select equity.
Step 3: Select Mamata Machinery under the ‘Issue Name’.
Step 4: Enter your PAN or Application number to check the allotment status.
Step 1: Visit the website of the IPO’s official registrar here
Step 2: Select Mamata Machinery from the dropdown menu
Step 3: Enter your PAN, application number, or DP client ID details
Step 4: Submit and check your allotment status.
Founded in 1979, Mamata Machinery provides packaging manufacturing solutions to companies in the FMCG and food & beverage industries. The company manufactures and export machines required for the production of plastic bags, packages, and packing material.
For the quarter ended June 30, 2024, the company reported a revenue of ₹29.19 crore. The net profit for the quarter came in at ₹22 lakh.
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