Mamata Machinery Limited IPO is open for subscription from 19 December 2024 and runs until 23 December 2024. This is a book-built mainboard IPO, which is raising ₹179.39 crore from the Offer for sale of 74 lakh equity shares.
The allotment date for Mamata Machinery Ltd. IPO has to be finalized on Tuesday, 24 December 2024 and the Mamata Machinery shares will be probably listed on NSE and BSE on Friday, 27 December 2024 as per the current schedule.
The price band of the Mamata Machinery IPO has been set between ₹ 230 and ₹243 per share. The minimum ipo lot size for retail investors has been kept at 61 shares, which amounts to a minimum investment of ₹14823. On the other hand, for sNII, the minimum number of lots they have to subscribe to is 14 or 854 shares, which amounts to ₹ 207522, and for bNII, the minimum number of lots is 68 or 4148 shares amounting to ₹ 1007964.
Here Are the Quick Steps to Apply for the Mamata Machinery IPO!
Mamata Machinery NSE BSE IPO Details
| Detail | Information |
| IPO Opening Date | December 19, 2024 |
| IPO Closing Date | December 23, 2024 |
| Tentative IPO Listing Date | December 27, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹230 to ₹243 per share |
| Lot Size | 61 shares |
| Total Issue Size | 7382340 shares (₹179.39 Cr) |
| OFS | 7382340 shares (₹179.39 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE & BSE |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not more than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Mamata Machinery Limited | Company Overview
Mamata Machinery Limited has been in the manufacturing and export industries for the past 45 years since April 1979. It is engaged in manufacturing, and exports of machines, which are used for making pouches, plastic bags, extrusion equipment, packaging materials, and similar products. In short, Mamata Machinery Ltd. offered manufacturing facilities to the packaging sector.
The clientele of Mamata Machinery mainly revolves around the food and beverages industry or FMGC sector. It includes some of the well-known names such as –
- Balaji Wafers Private Limited
- Jflexy Packaging Private Limited
- Sunrise Packaging
- Euphoria Packaging Private Limited
- Chitale Foods
- Western India Cashew Company Pvt. Ltd. and more
As per data curated until 31 May 2024, the firm has been exporting its machines to 75 different countries across the globe. It has offices outside India as well which are located at –
- Florida
- Bradenton
- Illinois
- Montgomery
Apart from these offices, there are agents for sales across countries in Europe, Asia, and South Africa.
The manufacturing units of Mamata Machinery are situated one in India and another one in the USA.
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Mamata Machinery Limited IPO | Key Details
- Mamata Machinery IPO Opening Date: December 19, 2024,
- Mamata Machinery IPO Closing Date: December 23, 2024,
- Allotment Date: December 24, 2024
- Price Band: ₹230 to ₹ 243 per share
- Lot Size: 61 shares
- Refunds Initiated: December 26, 2024
- Shares Credited to Demat: December 26, 2024
- Listing Date: December 27, 2024
Mamata Machinery Ltd: Financial Overview
Mamata Machinery Limited has seen a 60% increase in its profit in FY24 even and that too when it reduced total borrowing by over 37% during the same tenure. The revenue during FY24 grew by 14.84% YoY which also indicates management’s efficiency in cost management, and optimization of profits.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 237.49 | 228.47 | 9.02 | 3.95 |
| Revenue | 241.31 | 210.13 | 31.18 | 14.84 |
| Profit After Tax | 36.13 | 22.51 | 13.62 | 60.51 |
| Net Worth | 131.88 | 127.38 | 4.50 | 3.53 |
| Total Borrowing | 11.6 | 18.63 | -7.03 | -37.73 |
FAQs | Mamata Machinery Ltd IPO
Mamata Machinery Ltd is engaged in manufacturing machines required in the packaging industry for making plastic bags, pouches, etc.
The tentative IPO listing date of the Mamata Machinery has been fixed as Friday, December 27, 2024.
The bidding date for the Mamata Machinery IPO is December 19, 2024, and it will continue until December 23, 2024.
The minimum IPO lot size for the Mamata Machinery is 61 shares. For sNII, the minimum number of lots to be purchased is 14, while for bNII it is 68 lots.
The IPO allotment is expected to be finalized on Tuesday, December 24, 2024.
The IPO face value is set at ₹10 per share.
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