Mamata Machinery IPO Day 3 Live Updates: Key Highlights, Subscription Status, and Insights

Mamata Machinery IPO Day 2 Subscription Status 

(December 20, 2024, End of Day)

On the second day of bidding, the Mamata Machinery IPO was oversubscribed 38.86 times the total shares available. 

• Non-Institutional Investors (NIIs) subscribed 50.88 times their allocated portion. 
• While Retail Investors subscribed 52.96 times the shares reserved for them. 
• Qualified Institutional Buyers (QIBs) saw a subscription rate of 4.74 times. 
• The Employees' Category was oversubscribed 56.69 times.

Mamata Machinery 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.

Mamata Machinery Business Overview

Established in 1989, Mamata began with microprocessor-controlled bag-making machines and later expanded into film extrusion machinery in 1997. By 1998, it started exporting to the European Union and entered the U.S. market in 2003 through its subsidiary, Mamata Enterprises Inc., which now drives a significant portion of its revenue. As of September 30, 2024, Mamata has supplied its machines to over 75 countries, offering end-to-end solutions for flexible plastic film-based packaging, from concept to commissioning.

Mamata Machinery Limited manufactures and exports machines for producing plastic bags, pouches, packaging, and extrusion equipment, offering comprehensive solutions for the packaging industry. Its products cater to industries such as FMCG, food, beverages, e-commerce, and garment packaging. The company primarily serves direct consumer brands and converters providing packaging for FMCG and other consumer goods.

Mamata Machinery 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.