The eagerly awaited Mamata Machinery IPO date has been announced, with the subscription set to open on Thursday, December 19, and close on Monday, December 23. The IPO is expected to generate significant interest in the market, given the company’s strong financial performance and its established position in the packaging machinery sector.
Here’s everything you need to know about the Mamata Machinery IPO, including its price band, lot size, reservation details, and key dates.
Mamata Machinery IPO Price Band and Lot Size
• Price Band: ₹230 to ₹243 per equity share (₹10 face value).
• Floor Price: 23 times the face value.
• Cap Price: 24.30 times the face value.
• Price-to-Earnings Ratio (Upper Band): 16.59 times (compared to the industry average PE of 43.90 times).
• Lot Size: 61 equity shares and multiples thereof.
The pricing positions the IPO attractively within its industry, offering a promising investment opportunity for both institutional and retail investors.
Mamata Machinery IPO Reservation Details
The allocation of shares has been structured to cater to various investor categories:
• Qualified Institutional Buyers (QIB): Not more than 50%.
• Non-Institutional Investors (NII): Not less than 15%.
• Retail Investors: Not less than 35%.
• Employee Reservation: Up to 35,000 equity shares, with a discount of ₹12 per share for eligible employees.
Key Dates for Mamata Machinery IPO
• Subscription Open: Thursday, December 19, 2024• Subscription Close: Monday, December 23, 2024
• Anchor Investor Allocation: Wednesday, December 18, 2024
• Basis of Allotment Finalization: Tuesday, December 24, 2024
• Refund Initiation and Share Credit: Thursday, December 26, 2024
• Listing Date: Friday, December 27, 2024 (BSE and NSE).
IPO Structure and Size
The Mamata Machinery IPO is entirely an offer for sale (OFS) comprising 7.38 million shares from existing promoters and shareholders. At the upper price band, the issue size is valued at ₹179.39 crore.
Promoters participating in the OFS include:
• Mahendra Patel
• Chandrakant Patel
• Nayana Patel
• Bhagvati Patel
• Mamata Group Corporate Services
Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd
Registrar: Link Intime India Private Ltd
About Mamata Machinery Ltd
Mamata Machinery Ltd is a prominent manufacturer of machines for plastic bag and pouch production, packaging, and extrusion equipment. The company provides comprehensive manufacturing solutions for the packaging industry, catering to a wide range of applications including FMCG, food, and beverage packaging.
Key highlights of Mamata Machinery’s business model:
• Primary Products: Packaging machinery, bag and pouch-making machines.
• Clientele: Major brands including Balaji Wafers, Hershey India, Gits Food Products, and Sunrise Packaging.
• Markets Served: FMCG, food and beverage, and other consumer-facing industries.
In FY 2024, Mamata Machinery reported a revenue of ₹236.61 crore, up from ₹200.87 crore in the previous fiscal year. The company’s net profit also saw robust growth, increasing to ₹36.13 crore from ₹22.51 crore.
Investment Insights and Strategy
Mamata Machinery’s well-diversified client base and strong financial performance position it as a competitive player in the packaging machinery industry. The company has seen significant growth in revenue and profitability, reflecting its ability to meet the rising demand for efficient and innovative packaging solutions.
With an attractive price-to-earnings ratio and robust market demand, the Mamata Machinery IPO presents a lucrative opportunity for investors seeking exposure to the growing packaging machinery sector.
For updates on the Mamata Machinery IPO date, allotment status, and listing performance, stay tuned!