Mamta Machinery IPO Day 1: Check for GMP Updates With 12.7 Times Subscription
Posted by : sachet | Fri Dec 20 2024
Mamta Machinery IPO opens today with a book-built issue of Rs 179.39 crores. The price band for this IPO has been fixed at Rs 230 to Rs 243 per share. It is an entire OFS (offer for sale) of around 74 lakh shares.
Link Intime India Pvt. Ltd. is the registrar of Mamta Machinery IPO. For more details, refer to the table below.
| IPO Open Date | 19th December 2024 |
| Face Value | Rs 10 per share |
| Issue Type | Book Built |
| Price Band | Rs 230 to Rs 243 per share |
| Lot Size | 61 shares (Rs 14,823) |
| Listing | BSE & NSE |
| IPO Close Date | 23rd December 2024 |
Shares Offered
Mamta Machinery IPO today offered a total of 73,82,429 shares. Here is the category-wise list for a better understanding.
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | 14,69,557 |
| NII (Non-Institutional Investors) | 11,02,101 |
| Retail Investors | 25,71,569 |
| Employees | 35,000 |
Mamta Machinery IPO Subscription Status
Mamta Machinery IPO received 12.7 times subscription on its first day. The retail investors subscribed to this IPO around 19.65 times. Moreover, IPO is subscribed 0.02 times in the QIB (Qualified Institutional Buyer) category and 13.1 times in the NII (Non-Institutional Investor) category by the end of today’s market session.
Mamta Machinery IPO GMP
As of 19th December 2024, Mamta Machinery IPO GMP on its open date stands at Rs 200 per share. As per the provided price band of Rs 230 to Rs 243, the estimated listing price for this IPO is Rs 443. This indicates that the share is expected to be listed with an 82.30 per cent gain on 27th December 2024.
Minimum Requirement For Bidding
Retail investors can place a bid with a minimum amount of Rs 14,823 or for a minimum of 61 shares from today, 19th December 2024. Have an exploration of minimum and maximum investment by retail and HNI in the table below.
| Categories | Shares | Lots | Amount in Rs |
| Retail (Minimum) | 61 | 1 | 14,823 |
| Retail (Maximum) | 793 | 13 | 1,92,699 |
| S-HNI (Minimum) | 4,087 | 67 | 9,93,141 |
| S-HNI (Maximum) | 4,148 | 68 | 10,07,964 |
About Mamta Machinery Ltd.
Mamta Machinery Ltd. was incorporated in 1979 and is currently engaged in the manufacturing and exporting of machines. These machineries can manufacture plastic bags, packaging material, extrusion equipment, and pouches. As of May 2024, Mamta Machinery exported machines to more than 75 foreign nations.
The company facilitates two different manufacturing units: one in India and a second one in the United States. Experienced management team and customer-centric operations helped this organisation gain extensive growth potential in the competitive business world.
Company Financials Of Mamta Machinery LTD
| Period Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) |
| Assets | 237.49 | 228.47 | 216.33 |
| Net Worth | 131.88 | 127.38 | 103.56 |
| Revenue | 241.31 | 210.13 | 196.57 |
| Profit After Tax | 36.13 | 22.51 | 21.70 |
| Borrowings | 11.60 | 18.63 | 20.86 |
*Data is updated as of 19th December 2024.
Mamta Machinery IPO Dates
| IPO Open Date | 19th December 2024 |
| IPO Close Date | 23rd December 2024 |
| Allotment Date | 24th December 2024 |
| Refund Initiation Date | 26th December 2024 |
| Listing Date | 27th December 2024 |
