1. IPO Schedule:Opening Date: December 19, 2024
Closing Date: December 23, 2024
Listing Date: December 27, 2024
2. Price Band:The shares are priced between ₹230 and ₹243 per equity share.
3. Lot Size:Investors can bid in multiples of 61 shares, with a minimum investment of ₹14,823.
4. Issue Size :The IPO aims to raise approximately ₹179 crore through an Offer for Sale (OFS) of up to 7,382,340 equity shares by existing shareholders.
5. Grey Market Premium (GMP):As of the latest reports, the shares are commanding a GMP of about 45% over the IPO price, indicating strong investor interest.
6. Company Overview:Mamata Machinery specializes in producing and exporting machines for manufacturing plastic bags, pouches, and other packaging equipment. Their products cater to various industries, including food and FMCG sectors.
7. Financial Performance:For the fiscal year 2024, the company reported a revenue of ₹236.61 crore, reflecting significant growth in its operations.
8. Anchor Investors:Prior to the public offering, Mamata Machinery secured over ₹53 crore from anchor investors, showcasing confidence from institutional players.
9. Objectives of the IPO:The primary purpose is to facilitate the Offer for Sale by existing shareholders and to benefit from the listing of equity shares on the stock exchanges.
10. Listing Exchanges:The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Potential investors should carefully assess the company’s financial health, market position, and the overall industry landscape before making investment decisions. Consulting with financial advisors is recommended to align this investment with individual financial goals and risk tolerance.
