Ahmedabad-based Mamata Machinery, a leader in manufacturing plastic bag and packaging machinery, has finalized its IPO allotment on Tuesday, December 24, 2024. Investors who participated in the three-day bidding process can expect notifications regarding fund debits or IPO mandate revocations by Thursday, December 26, 2024.
Key IPO Details
- Issue Period: December 19-23, 2024
- Price Band: Rs 230-243 per share
- Lot Size: 61 shares
- IPO Size: Rs 179.39 crore (entirely Offer-for-Sale)
- Oversubscription:
- QIBs: 235.88x
- NIIs: 274.38x
- Retail Investors: 138.08x
- Employees: 153.27x
- Listing Date: December 27, 2024 (tentative)
- Exchanges: NSE and BSE
Grey Market Premium (GMP)
The GMP for Mamata Machinery has remained strong at Rs 260, indicating a potential listing gain of 107% for investors based on market trends and subscription strength.
How to Check Allotment Status
On BSE Website
- Visit the BSE Allotment Page.
- Select “Equity” under the issue type.
- Choose Mamata Machinery Limited from the dropdown menu.
- Enter your application number and PAN.
- Complete the captcha verification and click “Search.”
On Link Intime India Portal
- Visit Link Intime India Portal.
- Select the IPO from the dropdown (visible after allotment finalization).
- Choose your identification mode: Application Number, Demat Account Number, or PAN.
- Enter the details and select ASBA or non-ASBA.
- Fill in the captcha and click “Submit.”
About Mamata Machinery
- Incorporated: April 1979
- Specialization: Plastic bag, pouch, packaging machinery, and extrusion equipment.
- Industries Served: FMCG, food & beverage.
- IPO Managers:
- Book Running Lead Manager: Beeline Capital Advisors
- Registrar: Link Intime India
Key Data
| Parameter | Details |
|---|---|
| Issue Period | December 19-23, 2024 |
| Price Band | Rs 230-243 |
| Lot Size | 61 shares |
| Oversubscription | 194.95x overall |
| GMP | Rs 260 |
| Listing Date | December 27, 2024 (tentative) |
| Registrar | Link Intime India |
Conclusion
The Mamata Machinery IPO has attracted substantial interest from institutional and retail investors, as evidenced by its overwhelming oversubscription. With a strong GMP and high demand, the stock is expected to perform well on listing day. Investors can now check their allotment status and prepare for the listing.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to consult with a financial advisor before making any investment decisions.
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