Mamata Machinery IPO Date, Price Band, Size, GMP and Details
Mamata Machinery IPO opens for subscription on December 19 2024 and closes on December 23, 2024. The allotment for the Mamata Machinery IPO is expected to be finalized on Tuesday, December 24, 2024. Mamata Machinery IPO will listed on Friday, December 27, 2024.
Thinking of investing in the Mamata Machinery IPO? A detailed and comprehensive guide right here will address all queries, from IPO dates and lot sizes to anchor investors, company background, financials, and all else. The blog incorporates relevant keywords for you to get the best out of your search.
What is the Mamata Machinery IPO?
Mamata Machinery IPO is an issue through the book-built process that has a total size of ₹179.39 crores. The issue is an OFS by selling shareholders holding 0.74 crores of shares. In this issue, the issue proceeds go to the selling shareholders. It is, therefore, a good time for investors to invest in a company that has a worldwide presence in manufacturing and exporting equipment for making plastic bags and pouches, packaging, and extrusion.
Mamata Machinery IPO Key Dates
Mamata Machinery IPO Lot Size and Investment Details
Investors can bid for a minimum of 61 shares and in multiples thereof. Here's a breakdown of the investment required for retail investors, sHNIs, and bHNIs:
Retail investors can bid up to ₹200,000, while sHNI and bHNI investors can invest higher amounts based on their financial capacity.
Mamata Machinery IPO Anchor Investor Details
The company will raise approx ₹53.56 crores from anchor investors on December 18, 2024. Below are the key details:
Mamata Machinery Overview
Mamata Machinery Limited was incorporated in April 1979. As a leading manufacturer and exporter of machinery for making plastic bags, pouches, and packaging materials, this company caters to businesses such as FMCG, foods, and beverages. Some big clients include Balaji Wafers, Dass Polymers, and Jflexy Packaging.
Key Points:
- It has supplied machines to more than 75 countries up to May 31, 2024.
- International offices in Florida and Illinois, and sales agents across Europe, South Africa, and Asia.
- Two state-of-the-art manufacturing facilities in India and the USA.
- 87 skilled engineers employed in electronics, mechanics, software, and design.
Competitive Strengths
- Leading exporter of machinery for bag and pouch making.
- Sophisticated manufacturing equipment to provide customized solutions.
- Customer-oriented operations with a large international presence.
- Management team with considerable experience.
Objects of the Issue
This is an OFS - the proceeds will be to the selling shareholders, and no money shall be received by the company for its business.
Why Invest in Mamata Machinery IPO?
- Robust finances with revenue and profit growth.
- Global reach with exports to over 75 countries.
- Strong client base in FMCG and food packaging industries.
- Experienced management and skilled workforce.
Stay tuned to IPOji for the latest updates, expert analysis, and insights on Mamata Machinery IPO and other upcoming IPOs!
Frequently Asked Questions (FAQs) About Mamata Machinery IPO
What is Mamata Machinery IPO?
The Mamata Machinery IPO is a public offering where the company is issuing shares to the public through the book-building process. The issue size is ₹179.39 crores, and it is a purely Offer for Sale (OFS) from selling shareholders, meaning no funds will be raised for the company itself.
When does the Mamata Machinery IPO open and close?
- IPO Opening Date: December 19, 2024
- IPO Closing Date: December 23, 2024
- Basis of Allotment: December 24, 2024 (Tentative)
- Refund Initiation Date: December 26, 2024
- Listing Date: December 27, 2024 (Tentative)
What is the lot size for Mamata Machinery IPO?
Investors can bid for a minimum of 61 shares. The investment amounts for different categories are:
- Retail Minimum: 61 shares (₹14,823)
- Retail Maximum: 793 shares (₹192,699)
- sHNI Minimum: 854 shares (₹207,522)
- bHNI Minimum: 4,148 shares (₹1,007,964)
What is the Anchor Investor Portion for Mamata Machinery IPO?
The company is expected to raise ₹53.56 crores from anchor investors. The key dates and details are:
- Anchor Bid Date: December 18, 2024
- Shares Offered: 2,204,202 shares
- Lock-in Period (50% of Shares): Ends January 23, 2025
- Lock-in Period (Remaining 50%): Ends March 24, 2025
Who are the clients of Mamata Machinery?
Some notable clients include:
- Balaji Wafers
- Dass Polymers
- Jflexy Packaging These clients are prominent players in the FMCG, food, and beverage industries.
What is the primary business of Mamata Machinery?
Mamata Machinery is a leading manufacturer and exporter of machinery used in the production of plastic bags, pouches, and packaging materials. The company provides machinery for businesses in industries such as FMCG, food packaging, and consumer goods.
Why should I invest in the Mamata Machinery IPO?
- Strong Financials: The company has demonstrated revenue and profit growth.
- Global Presence: Exports to over 75 countries.
- Robust Client Base: It serves major clients in the FMCG and food packaging sectors.
- Experienced Management: The company’s management team has significant industry experience.
- Skilled Workforce: It employs a team of 87 engineers specializing in various fields.
What is the lock-in period for anchor investors?
- 50% of shares: Lock-in period ends on January 23, 2025
- Remaining 50% of shares: Lock-in period ends on March 24, 2025
What are the key financials of Mamata Machinery?
The company has been consistently reporting growth in both revenue and profits. However, as the issue is an Offer for Sale (OFS), the company itself will not receive any proceeds from this IPO. Therefore, the focus should be on the long-term growth prospects and the company's established market position.
