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Mamata Machinery IPO Day 1: Issue fully booked on day 1. Check, GMP, review, other details.
Team Finance Saathi
19/Dec/2024
What's covered under the Article:
- Key details about Mamata Machinery IPO, including price band and subscription status.
- Grey Market Premium trends, listing gains, and financial performance insights.
- Guide on how to check Mamata Machinery IPO allotment status and its investment outlook.
Mamata Machinery is one of the leading manufacturers and exporters of plastic bag/pouch making machines globally. With an installed base of over 4500 machines in more than 75 countries, the company has carved out a significant presence in the flexible packaging and converting markets. As the industry evolves, cost competitiveness without compromising on quality and versatility is the key to Mamata’s success.
The Mamata Machinery IPO is a book-built issue amounting to ₹179.39 Crores, consisting entirely of an Offer for Sale (OFS) of 73.82 Lakh shares. The IPO subscription opens on December 19, 2024, and closes on December 23, 2024. The allotment will be finalized on December 24, 2024, and the shares are expected to be listed on both the BSE and NSE on December 27, 2024.
The price band for the IPO is set at ₹230 to ₹243 per equity share, and the market capitalization of Mamata Machinery Limited at the upper price of ₹243 per share will be ₹597.96 Crores. The lot size is 61 shares, and retail investors are required to invest a minimum of ₹14,823. For High-Net-Worth Individuals (HNIs), the minimum investment is ₹2,07,522 (for 14 lots of 854 shares).
Mamata Machinery is being advised by Beeline Capital Advisors Private Limited, which is the book-running lead manager, while Link Intime India Private Limited serves as the registrar for the issue.
Mamata Machinery IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) of the Mamata Machinery IPO is expected to be ₹145, reflecting a potential listing gain of 59.67%. It’s important to note that the GMP is speculative and based on demand-supply factors in the unorganized market, which doesn’t represent the actual market listing price. Therefore, GMP should be considered for informational purposes only and not as a definitive indication of future listing performance.
Mamata Machinery IPO Subscription Status
As of December 19, 2024, at 12:23 PM, the Mamata Machinery IPO was subscribed 6.36 times on its first day of subscription. This shows a strong investor interest in the issue. To keep track of the live subscription status, investors can visit the official website of BSE.
Mamata Machinery IPO Anchor Investors
Mamata Machinery has raised ₹53.56 Crores from anchor investors at a price of ₹243 per share. This amounts to the allocation of 22,04,202 shares to institutional investors. This reflects confidence from institutional players in the company’s growth and its potential listing gains.
How to Check Mamata Machinery IPO Allotment Status
The Mamata Machinery IPO allotment will be announced on December 24, 2024. Investors can easily check their allotment status by following these steps:
- Visit the registrar's website.
- Select Mamata Machinery Limited IPO from the dropdown.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to see if you have been allotted shares.
Financial Performance and Valuation
Mamata Machinery has demonstrated steady growth in revenues and profitability over the past few years. The revenues from operations for the period ending June 30, 2024, stood at ₹291.93 Million, while the EBITDA for the same period was ₹12.5 Million. The profit after tax (PAT) for FY24 was ₹2.18 Million.
For the Mamata Machinery IPO, the pre-issue EPS stands at ₹14.65, and the post-issue EPS is ₹14.68. The P/E ratio is 16.59x pre-issue and 16.55x post-issue, which is attractive when compared to the industry’s average P/E ratio of 44x. The company’s ROCE for FY24 is 31.29%, and RoE stands at 27.76%, indicating strong financial health and high profitability. These financial metrics suggest that the IPO is fairly priced, and the company’s valuation is reasonable.
Why Invest in Mamata Machinery IPO?
Given the financial performance and the attractive pricing, Mamata Machinery appears to be a solid investment choice for those looking to capitalize on the listing gains or hold for long-term growth. The GMP trends and subscription interest signal robust demand for the IPO, which could lead to significant listing gains post-launch.
The Upcoming IPOs in this week and coming weeks are Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Solar91 Cleantech, Unimech Aerospace, Rosmerta Digital, Indo Farm, and Avanse Financial.
The Current active IPO is Transrail Lighting, Mamata Machinery, DAM Capital Sanathan Textiles, Concord Enviro, Newmalayan Steel, Identical Brain Studios and NACDAC Infrastructure.