New Delhi: Mamata Machinery Ltd IPO, a book built issue of Rs 179.39 crore, opens for subscription on December 19 and conclude on December 23. The initial public offer of the packaging machinery manufacturer has fixed the price band in the range of Rs 230-243 per share.
The Mamata Machinery IPO is entirely an Offer For Sale (OFS) of 73.82 lakh equity shares by promoters. Mamata Group Corporate Services LLP, Nayana Patel, Bhagvati Patel, Mahendra Patel, and Mamata Management Services LLP are selling shares under the OFS.
The Gujarat-based company will not receive any proceeds from the public issue, and the entire money will go to the selling shareholders. In its papers filed with Sebi, the company stated that the IPO was launched to gain the advantages of listing the equity shares on the stock exchanges.
Mamata Machinery IPO GMP, allotment date
The Mamata Machinery IPO allotment is expected to take place on December 24, 2024. The shares are expected to be credited to the demat accounts of successful applicants on December 26. The shares will list on BSE and NSE with a tentative date December 27.
According to investorgain, the Mamata Machinery IPO GMP was recorded at Rs 111 on December 18, 2024 morning. The GMP price indicated a listing price of Rs 354 and a probable listing gain of around 46 per cent. It must be noted that GMP is an unofficial figure and does not guarantee anything.
The retail investors are required to bid for a minimum lot size of 61 shares of Mamata Machinery IPO. The investors applying in the Non-Institutional Investor category will have to apply for 14 lots for which the investment amount is Rs 2,07,522. The bNII portion investors are mandated to bid for 68 lots, amounting to Rs 10,07,964.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Mamata Machinery IPO. Link Intime India Private Ltd is the registrar for the issue.
Mamata Machinery is engaged in the business of providing end-to-end manufacturing solutions for the packaging industry. The Gujarat-based firm sells its machines under the brand name ‘Vega’ and ‘Win’.
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