Mamata Machinery IPO Day 2 Live Updates: Key Highlights, Subscription Status, and Insights
Founded in April 1979, Mamata Machinery Limited specialises in the manufacturing and export of machines used for producing plastic bags, pouches, packaging, and extrusion equipment. The company offers innovative manufacturing solutions tailored to the packaging industry. The IPO bidding for Mamata Machinery Limited opened on December 19, 2024, and will close on December 23, 2024.
Transrail Lighting IPO Details
- The Mamata Machinery IPO, valued at ₹179.39 crores, is a book-built issue consisting entirely of an offer for sale of 0.74 crore shares.
- The IPO opened for subscription on December 19, 2024, and will close on December 23, 2024.
- The allotment of shares is expected to be finalised on Tuesday, December 24, 2024, with the listing scheduled on the BSE and NSE on Friday, December 27, 2024.
- The price band for the IPO is set at ₹230 to ₹243 per share, with a minimum application lot size of 61 shares.
- Retail investors will need to invest a minimum of ₹14,823. sNII must invest in at least 14 lots (854 shares), totalling ₹2,07,522, while bNII requires a minimum investment of 68 lots (4,148 shares), amounting to ₹10,07,964.
- The issue includes a reservation of up to 35,000 shares for employees at a discount of ₹12 per share to the issue price.
- Beeline Capital Advisors Pvt Ltd serves as the book-running lead manager for the IPO, and Link Intime India Private Ltd is the registrar for the issue.
Use of Proceeds
The Company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholders post deduction of offer-related expenses to be borne by the selling shareholders.
Transrail Lighting IPO Day 2 Subscription Status
(December 20, 2024, 12:20:00 PM)
On the second day of bidding, the Mamata Machinery IPO was oversubscribed 38.04 times the total shares available. Non-Institutional Investors (NIIs) subscribed 50.4 times their allocated portion, while Retail Investors subscribed 51.54 times the shares reserved for them. Qualified Institutional Buyers (QIBs) saw a subscription rate of 4.74 times, and the Employees' Category was oversubscribed 55.12 times.
Transrail Lighting IPO Day 1 Subscription Status
(December 19, 2024, End of Day)
By the first day of bidding, the Mamata Machinery IPO received subscriptions of 16.7 times the total shares on offer. The NII segment recorded a subscription level of 18.99 times its allocated portion, while the Retail Investors category bid for 24.23 times the shares reserved for them. The QIB segment witnessed a subscription rate of 1.51 times, and the Employees' Category saw an oversubscription of 29.08 times.
Mamata Machinery Business Overview
Founded in April 1979, Mamata Machinery Limited specialises in the manufacturing and export of machines used in the production of plastic bags, pouches, packaging, and extrusion equipment. The company offers tailored manufacturing solutions for the packaging industry.
Mamata Machinery serves a wide range of sectors, including FMCG and Food & Beverage industries. Its clients include well-known companies such as Balaji Wafers, Dass Polymers, Jflexy Packaging, Euphoria Packaging, and Chitale Foods, among many others.
As of May 31, 2024, the company has successfully exported its machines to over 75 countries and maintains international offices in Bradenton, Florida, and Montgomery, Illinois. In addition, the company works with sales agents in more than five countries across Europe, South Africa, and Asia.
The company operates two manufacturing facilities—one in India and another in the USA. As of May 31, 2024, Mamata Machinery employs a team of 87 skilled engineers and application experts in fields such as electronics, mechanics, software, and design.
Transrail Lighting Financial Highlights
- Revenue increased by 17.80% from Rs 201 crore in FY23 to Rs 237 crore in FY24.
- Profit after tax (PAT) rose by 61% between the financial year ending March 31, 2023 and March 31, 2024, from Rs 22.5 crore to Rs 36.1 crore.
Key Ratios
|
Years |
FY24 |
|
ROE |
27.76% |
|
ROCE |
31.29% |
|
EBITDA Margin |
19.94% |
|
PAT Margin |
15.27% |