Mamata Machinery IPO: GMP, Allotment Status, Listing Date, and Key Details
The Mamata Machinery Limited IPO has created significant buzz in the investment community, thanks to the company’s strong market presence and impressive financials. As the allotment date approaches, investors eagerly await confirmation of their share allocation. This guide provides a comprehensive overview of the IPO details, Grey Market Premium (GMP), and step-by-step instructions to check the Mamata Machinery IPO allotment status.
Company Overview: Mamata Machinery Limited
Founded in 1979, Mamata Machinery is a leading player in the industrial machinery sector, focusing on plastic processing and packaging solutions. The company’s products, including bag-making machines, pouch-making machines, and extrusion equipment, cater to industries like FMCG, e-commerce, and food packaging. With over 4,500 installations in 75 countries, Mamata Machinery is a trusted name in packaging technology.
Mamata Machinery IPO Details
Here are the key highlights of the IPO:
- IPO Size: ₹179.39 crore (entirely an Offer for Sale of 73.82 lakh equity shares).
- Price Band: ₹230 to ₹243 per share.
- Market Lot: 61 shares per lot, with a minimum investment of ₹14,823 at the upper price band.
- Subscription Dates: December 19, 2024, to December 23, 2024.
- Allotment Date: December 24, 2024.
- Listing Date: December 27, 2024, on NSE and BSE.
Subscription Status
The Mamata Machinery IPO received an overwhelming response across all investor categories, recording a total subscription of 194.95 times. Here’s the breakdown:
- Qualified Institutional Buyers (QIBs): 235.88 times
- Non-Institutional Investors (NIIs): 274.38 times
- Retail Individual Investors (RIIs): 138.08 times
- Employee Category: 153.27 times
The high subscription rate reflects strong investor confidence in Mamata Machinery’s growth potential.
Grey Market Premium (GMP)
As of December 24, 2024, the Grey Market Premium (GMP) for Mamata Machinery IPO stands at ₹260, suggesting a potential listing price of ₹503. This indicates a significant 107% premium over the upper price band of ₹243. While GMP provides a speculative indication of investor sentiment, actual listing prices may vary.
How to Check Mamata Machinery IPO Allotment Status
Investors can check their allotment status using the following platforms:
1. Link Intime (Registrar)
Link Intime is the official registrar for the Mamata Machinery IPO.
- Website: Link Intime IPO Allotment
- Steps:
- Visit the website and select "Mamata Machinery Limited" from the dropdown menu.
- Enter your PAN, application number, or DP/Client ID.
- Click "Submit" to view your allotment status.
2. BSE (Bombay Stock Exchange)
The BSE website provides a straightforward way to check allotment status.
- Website: BSE IPO Allotment Status
- Steps:
- Choose "Equity" under Issue Type.
- Select "Mamata Machinery Limited" from the dropdown menu.
- Enter your application number and PAN.
- Click "Search" to view your allotment details.
3. NSE (National Stock Exchange)
The NSE platform also allows investors to check allotment status.
- Website: NSE IPO Allotment Status
- Steps:
- Log in or register to access IPO details.
- Enter your PAN or application number to check status.
Post-Allotment Process
-
Credit of Shares:
Allotted shares will be credited to your Demat account by December 26, 2024. -
Refunds:
Refunds for unallocated shares will be processed by December 25, 2024. -
Listing:
Shares are expected to commence trading on December 27, 2024, on NSE and BSE.
Financial Performance
Mamata Machinery has shown consistent growth, reflecting its strong fundamentals:
- Revenue (FY24): ₹236.61 crore
- Profit After Tax (FY24): ₹36.12 crore
The company’s robust financials and steady market presence have fueled investor confidence, as reflected in the high IPO subscription numbers.
FAQs: Mamata Machinery IPO
1. What is the Mamata Machinery IPO price band?
The IPO price band is set at ₹230 to ₹243 per share.
2. When will the Mamata Machinery IPO allotment be finalized?
The allotment date is December 24, 2024.
3. How can I check my IPO allotment status?
You can check your allotment status through Link Intime, BSE, or NSE websites using your PAN, application number, or DP/Client ID.
4. What is the expected listing price for Mamata Machinery IPO?
Based on the current GMP of ₹260, the expected listing price is approximately ₹503, a 107% premium over the issue price.
5. What happens if I don’t get an allotment?
If you do not receive an allotment, the refund process will be initiated, and the amount will be credited back to your bank account.
6. What is the market lot for Mamata Machinery IPO?
The minimum market lot is 61 shares, requiring an investment of ₹14,823 at the upper price band.
Conclusion
The Mamata Machinery IPO offers investors a promising opportunity, backed by the company’s strong market reputation and robust financial performance. With an overwhelming subscription and a high GMP, the IPO is poised for a successful listing.
Whether you’ve received an allotment or are waiting for your refund, staying informed about the process ensures you make timely and strategic investment decisions. For more updates on IPOs, stay tuned to trusted sources.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a certified financial advisor before making investment decisions.
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