The Mamata Machinery IPO will open on December 19, 2024, and close on December 23, 2024. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹179.39 crores. The IPO consists of a fresh issue of ₹[.] crores and an offer for sale of up to 73,82,340 equity shares, each with a face value of ₹10.

Mamata Machinery IPO Details

The price band for the Mamata Machinery IPO is set at ₹230 to ₹243 per share. The distribution of quotas is as follows: retail investors - 35%, QIB - 50%, and HNI - 15%. The IPO is expected to be listed on BSE & NSE on December 27, 2024, with the allotment date set for December 24, 2024.

In 2024, the company reported a revenue of ₹241.31 crores, an increase from ₹210.13 crores in 2023. The profit also increased from ₹22.51 crores in 2023 to ₹36.13 crores in 2024. Based on these financials, it is suggested that IPO investors consider a long-term application.

Mamata Machinery IPO Market Lot

The minimum market lot for the Mamata Machinery IPO is 61 shares, equating to an application amount of ₹14,823. Retail investors can apply for up to 13 lots, which is 793 shares or ₹192,699.

Promoters of Mamata Machinery IPO

The promoters of the Mamata Machinery IPO include Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP.

About Mamata Machinery IPO

Founded in 1979, Mamata Manufacturing specializes in the production and export of plastic pouch sealing machines, packing machinery, plastic bags, and extrusion equipment. The company primarily serves brands in the FMCG, food, and beverage sectors, providing machinery to over 75 countries. The company's vision is to establish itself as a globally recognized leader in the flexible packaging industry.

Mamata Machinery IPO Company Financial Report

The company's expenses fluctuated between 2021 and 2024, with amounts of 131.26 crores in 2021, 167.03 crores in 2022, 181.61 crores in 2023, and 131.44 crores in 2024. The revenue for FY 2024 was 148.25 crores. The company has decided to launch an IPO of 73,82,340 shares, which is entirely an Offer For Sale (OFS).

The purpose of the issue is to carry out the Offer for Sale of up to 7,382,340 Equity Shares by the Selling Shareholders and to achieve the benefits of listing the Equity Shares on the Stock Exchanges.