The Mamata Machinery IPO has generated significant excitement among investors, with the bidding process concluding on December 23, 2024. The IPO was oversubscribed nearly 200 times, indicating robust interest across various investor categories. As the company prepares for its debut on the stock market, expectations are high for a strong listing.
IPO Details
The Mamata Machinery IPO aimed to raise ₹179.39 crore, with a price band set between ₹230 and ₹243 per share. The minimum investment requirement for retail investors was ₹14,823, which corresponds to a minimum lot size of 61 shares. The IPO opened for subscription on December 19, 2024, and closed on December 23, 2024.
Key Dates
- IPO Opening Date: December 19, 2024
- IPO Closing Date: December 23, 2024
- Basis of Allotment: December 24, 2024
- Credit of Shares to Demat Accounts: December 26, 2024
- Listing Date: December 27, 2024
Subscription Status
The IPO saw overwhelming demand from investors:
- Qualified Institutional Buyers (QIB): Subscribed 235.88 times
- Non-Institutional Investors (NII): Subscribed 274.38 times
- Retail Investors: Subscribed 138.08 times
Overall, the Mamata Machinery IPO achieved a subscription rate of approximately 194.95 times, with bids received for over 100.94 crore shares against the available 51.78 lakh shares.
Grey Market Premium (GMP)
As of December 25, 2024, the Grey Market Premium (GMP) for Mamata Machinery stood at ₹260. This suggests that the shares may list at around ₹503 per share on their debut day, reflecting a potential gain of approximately 107% from the upper end of the IPO price band. The rising GMP aligns with strong subscription figures, indicating high investor interest.
Financial Projections
Mamata Machinery has shown promising financial performance in recent years:
- For FY24, the company reported a total revenue of ₹236.61 crore and a net profit of ₹36.12 crore.
- The company has demonstrated a consistent revenue growth rate of approximately 10.94% CAGR over the past three years.
- The return on equity (RoE) for FY24 was an impressive 27.76%, highlighting strong profitability metrics.
With these figures in mind, analysts suggest that Mamata Machinery is well-positioned for future growth in the packaging machinery sector.
Should You Apply?
Given the overwhelming response to the IPO and strong financial metrics, many analysts recommend applying for shares in Mamata Machinery. The company’s solid revenue growth and profitability ratios indicate a positive outlook for investors. However, potential investors should consider their risk appetite and investment strategy before making decisions.
Investor Allotment Status
Investors who participated in the Mamata Machinery IPO can check their allotment status online through the BSE website or Link Intime India Private Ltd, the registrar for this issue. Successful allottees will see their shares credited to their demat accounts by December 26, 2024.
Conclusion
With strong subscription figures and positive GMP trends, Mamata Machinery is poised for a promising debut on Dalal Street. Investors are eagerly awaiting the listing day to see how the shares perform in the market.
Disclaimer: This article is based on information from various sources regarding the Mamata Machinery IPO and its expected performance.
