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Mamata Machinery IPO GMP: Current Subscription Status and Should You Invest?
What is Mamata Machinery IPO?
The Mamata Machinery IPO opened for subscription on December 19, 2024, and will close on December 23, 2024. The company aims to raise ₹169.79 – ₹179.39 crores, offering shares in the price range of ₹230 – ₹243 each. Investors can apply with a minimum lot size of 61 shares, equating to ₹14,823 at the upper price band.
Mamata Machinery IPO GMP: Grey Market Sentiment
The Grey Market Premium (GMP) for the Mamata Machinery IPO has been stable recently, indicating strong investor interest. As of December 22, 2024, the GMP stood at ₹260, suggesting a potential listing price of ₹503, which is approximately 107% above the issue price.
While GMP can reflect market sentiment, it is an unofficial indicator and may fluctuate based on market trends. Investors should consider other financial and operational factors before making decisions.
Subscription Status and Allotment Details
Current Subscription Overview:
As of December 22, 2024, the IPO has witnessed significant demand across various investor categories:
- Qualified Institutional Buyers (QIB): Reserved 50% of the issue.
- Non-Institutional Investors (NII): Assigned 15% of the shares.
- Retail Individual Investors (RII): Allotted 35% of the total issue.
The strong subscription levels highlight confidence in the company’s business model and growth potential.
Important Dates:
- IPO Closing Date: December 23, 2024
- Basis of Allotment Finalization: December 24, 2024
- Refund Initiation: December 26, 2024
- Credit of Shares to Demat Accounts: December 26, 2024
- Listing Date: December 27, 2024
Investors can check their allotment status by visiting the official registrar’s website and using their application details.
Mamata Machinery: Company Profile and Financial Highlights
Founded in 1979, Mamata Machinery is a prominent player in the packaging machinery industry. The company specializes in manufacturing plastic bag and pouch-making machines, catering to industries like FMCG, food, and beverages.
Financial Performance:
- Revenue for FY2024: ₹236.61 crore, up from ₹192.25 crore in FY2023.
- Compound Annual Growth Rate (CAGR): Approximately 10.94% over the past year.
With 4,500+ installations across 75 countries, Mamata Machinery has established itself as a global leader in its domain.
Should You Invest in Mamata Machinery IPO?
The “Mamata Machinery IPO GMP” indicates positive sentiment, reflecting expectations of a profitable listing. However, investors should also consider the company’s financial performance, growth prospects, and industry position. Reviewing the company’s prospectus and consulting a financial advisor can help make informed decisions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct thorough research or consult with a financial expert before investing.
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