The eagerly awaited Mamata Machinery IPO allotment is set to be finalized today, December 24, 2024. With an overwhelming subscription rate of 194.95 times, the IPO garnered massive attention from investors across all categories. Mamata Machinery Ltd., a leader in packaging machinery manufacturing, had its public issue open for subscription from December 19 to December 23, 2024, raising Rs 179 crore. Investors are now keen to know their allotment status, which can be checked via the official registrar’s website, BSE, or NSE portals. The shares are expected to list on the stock exchanges on December 27, promising substantial listing gains.
Background of Mamata Machinery:
1. Introduction to Mamata Machinery
Mamata Machinery Limited, established in 1979, is a pioneering company specializing in the manufacturing of packaging and pouch-making machines. The company’s innovative solutions cater to the FMCG, food, and beverages industries. It also serves converters and service providers with high-quality bag and pouch-making equipment. Over the years, Mamata Machinery has built a reputation for reliability, efficiency, and cutting-edge technology.
2. Revenue Model and Financial Background
Mamata Machinery generates revenue by selling machinery and offering after-sales services. Its products are widely used by direct consumer brands and industrial players. The company’s stronghold in the domestic market and growing export business have contributed to its consistent financial growth. The IPO, being an entirely Offer for Sale (OFS), allows existing stakeholders to monetize their investments.
3. Founders and Leadership
Founded by visionary leaders with extensive experience in engineering and technology, Mamata Machinery has thrived under strategic management. The leadership team emphasizes innovation and customer-centricity, ensuring the company stays ahead in the competitive packaging machinery sector.
4. Products and Services
- Packaging Machines: High-speed machines for FMCG and food sectors.
- Pouch-Making Equipment: Industry-leading solutions for converters.
- Customization Services: Tailored machinery to meet client-specific needs.
Key Highlights of Mamata Machinery IPO
1. IPO Details
- Issue Size: Rs 179.39 crore
- Price Band: Rs 230 to Rs 243 per share
- Subscription Period: December 19 to December 23, 2024
- Shares Offered: 51.78 lakh (entirely OFS)
2. Subscription Statistics
- Overall Subscription: 194.95 times
- Retail Investors: 138.08 times
- Non-Institutional Investors (NIIs): 274.38 times
- Qualified Institutional Buyers (QIBs): 235.88 times
3. Grey Market Premium (GMP)
The shares of Mamata Machinery are commanding a grey market premium (GMP) of Rs 260, indicating potential listing gains of up to 90%.
Steps to Check Mamata Machinery IPO Share Allotment
1. On Link Intime India (Registrar’s Website):
- Visit: Link Intime
- Select “Mamata Machinery IPO” from the dropdown menu.
- Enter details such as PAN, application number, or DP/Client ID.
- Verify captcha and click “Submit.”
- View allotment status on the screen.
2. On BSE Website:
- Visit: BSE IPO Allotment Status
- Choose “Equity” under the issue type.
- Select “Mamata Machinery IPO” from the dropdown menu.
- Enter your application number or PAN.
- Verify captcha and click “Search.”
3. On NSE Website:
- Visit: NSE IPO Allotment Status
- Register/sign in using your PAN and other details.
- Select “Mamata Machinery IPO.”
- Enter application number and submit.
Key Dates to Remember
- Allotment Finalization: December 24, 2024
- Refunds for Non-Allottees: December 26, 2024
- Shares Credited to Demat Accounts: December 26, 2024
- Listing Date: December 27, 2024
Learnings for Startups and Entrepreneurs
- Strategic Positioning: Mamata Machinery’s success underscores the importance of carving a niche in a high-demand market.
- Financial Discipline: Transparent financial practices and consistent performance attract investor confidence.
- Innovation: Continual innovation ensures long-term growth and competitive advantage.
- IPO Planning: Effective planning and robust investor engagement are critical for a successful IPO.
- Market Adaptability: Understanding and adapting to market needs can enhance business scalability.
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