Services
Stock Market Masterclass
Option Trading with CA Abhay
FNO Stocks with CA Abhay
Equity Trading with CA Abhay
Equity Investment with CA Abhay
Mamata Machinery IPO allotment date likely today. GMP, how to check allotment status
Team Finance Saathi
24/Dec/2024
What's covered under the Article:
- Mamata Machinery IPO details, including price band, subscription status, and expected listing gains.
- Insights into Mamata Machinery's financial performance and IPO valuation.
- Grey Market Premium (GMP) trend and expected listing price.
Mamata Machinery is a leading global manufacturer and exporter of plastic bag/pouch making machines with a robust installed base of more than 4500 machines across 75+ countries. The company specializes in providing flexible packaging solutions, focusing on cost competitiveness and quick adaptability without compromising on quality and versatility, crucial for success in the ever-evolving flexible packaging/converting markets.
The Mamata Machinery IPO is a Book Built Issue amounting to ₹179.39 Crores, consisting entirely of an Offer for Sale of 73.82 Lakh shares. The subscription period for the IPO commenced on December 19, 2024, and closed on December 23, 2024. The allotment date is set for December 24, 2024, and shares are expected to be listed on BSE & NSE on December 27, 2024.
The price band for the IPO is ₹230 to ₹243 per equity share, and the market capitalization of Mamata Machinery at the upper price of ₹243 per share will be ₹597.96 Crores. The lot size for the IPO is 61 shares, and retail investors are required to invest a minimum of ₹14,823. The minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (854 shares), totaling ₹2,07,522.
Mamata Machinery IPO GMP Today:
The Grey Market Premium (GMP) for Mamata Machinery IPO is ₹197, indicating a potential listing gain of 81.24%. The GMP trend has shown significant strength, with the expected listing price hovering around ₹440. However, GMP is unofficial and speculative, based on demand and supply in the unorganized market. This metric should be considered for educational purposes only.
Mamata Machinery IPO Subscription Status:
The live subscription status for the Mamata Machinery IPO shows remarkable interest from investors. As of December 23, 2024, the IPO was subscribed 194.95 times on the final day of the subscription period, indicating robust demand, especially from institutional investors.
Mamata Machinery IPO Anchor Investors Report:
Mamata Machinery raised ₹53.56 Crores from Anchor Investors at ₹243 per share. The company allocated 22,04,202 equity shares to anchor investors, reflecting significant institutional confidence in the company's future prospects.
Mamata Machinery IPO Allotment Date – How to Check Status:
The IPO allotment date is set for December 24, 2024. Investors can check the allotment status by visiting the registrar's website. Follow these steps to check your Mamata Machinery IPO allotment status:
- Visit the IPO allotment status page.
- Select Mamata Machinery Limited IPO from the dropdown.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to view your allotment status.
Objectives of Mamata Machinery Limited IPO:
The company will not receive any proceeds from the Offer; instead, all proceeds will go to the selling shareholders, after deducting offer-related expenses borne by them.
Mamata Machinery IPO Review:
Mamata Machinery has reported strong financials in recent years. The company's revenues for the period ending June 30, 2024, were ₹291.93 Million, with a steady rise in revenues over the past few years, including ₹2,413.0 Million in FY2024. The EBITDA for the same period was ₹518.75 Million, and the Profit After Tax (PAT) was ₹361.25 Million.
For the Mamata Machinery IPO, the company is issuing shares at a pre-issue EPS of ₹14.65 and a post-issue EPS of ₹14.68. The P/E ratio at the upper price band of ₹243 is 16.59x (pre-issue) and 16.55x (post-issue), compared to the industry P/E ratio of 44x, indicating that the IPO is undervalued. The company’s Return on Capital Employed (ROCE) for FY24 is 31.29%, and its Return on Equity (RoE) is 27.76%, both excellent metrics for long-term growth potential.
Given the impressive financial performance, strong GMP, and the high subscription demand, Mamata Machinery IPO appears to be an attractive investment for listing gains and long-term growth. Risk-averse investors may also find the company’s strong financial metrics appealing for long-term holding.