Bookbuilding IPO | ₹179 Cr | Listed at BSE, NSE | Thu, Dec 19, 2024 - Mon, Dec 23, 2024
Mamata Machinery IPO is a book build issue of ₹179.35 crores. The issue is entirely an offer for sale of 0.74 crore shares of ₹179.35 crore.
Mamata Machinery IPO bidding started from Dec 19, 2024 and ended on Dec 23, 2024. The allotment for Mamata Machinery IPO was finalized on Dec 24, 2024. The shares got listed on BSE, NSE on Dec 27, 2024.
Mamata Machinery IPO price band is set at ₹243 per share. The lot size for an application is 61. The minimum amount of investment required by an retail is ₹14,823 (61 shares) (based on upper price). The lot size investment for sNII is 14 lots (854 shares), amounting to ₹2,07,522, and for bNII, it is 68 lots (4,148 shares), amounting to ₹10,07,964.
The issue includes a reservation of up to 35,000 shares for employees offered at a discount of ₹12.00 to the issue price.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Mamata Machinery IPO RHP for detailed Information.
IPO Open
Thu, Dec 19, 2024
IPO Close
Mon, Dec 23, 2024
Issue Price
₹243 per share
Market Cap (Pre-IPO)
₹552.82 Cr
| IPO Date | 19 to 23 Dec, 2024 |
| Listed on | Fri, Dec 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹243 |
| Issue Price | ₹243 per share |
| Lot Size | 61 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹12.00 |
| Total Issue Size | 73,82,340 shares (agg. up to ₹179 Cr) |
| Offer for Sale | 73,82,340 shares of ₹10 (agg. up to ₹179 Cr) |
| Share Holding Pre Issue | 2,27,49,820 shares |
| Share Holding Post Issue | 2,27,49,820 shares |
| BSE Script Code / NSE Symbol | 544318 / MAMATA |
| ISIN | INE0TO701015 |
Mamata Machinery IPO offers total 73,82,340 shares. Out of which 36,73,670 (49.76%) allocated to QIB, 14,69,557 (19.91%) allocated to QIB (Ex- Anchor), 11,02,101 (14.93%) allocated to NII 25,71,569 (34.83%) allocated to RII and 22,04,113 (29.86%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 36,73,670 (49.76%) | NA |
| − Anchor Investor Shares Offered | 22,04,113 (29.86%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 14,69,557 (19.91%) | NA |
| NII (HNI) Shares Offered | 11,02,101 (14.93%) | NA |
| − bNII > ₹10L | 7,34,734 (9.95%) | 860 |
| − sNII < ₹10L | 3,67,367 (4.98%) | 430 |
| Retail Shares Offered | 25,71,569 (34.83%) | 42,156 |
| Employee Shares Offered | 35,000 (0.47%) | NA |
| Total Shares Offered | 73,82,340 (100.00%) |
Investors can bid for a minimum of 61 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,823 |
| Retail (Max) | 13 | 793 | ₹1,92,699 |
| S-HNI (Min) | 14 | 854 | ₹2,07,522 |
| S-HNI (Max) | 67 | 4,087 | ₹9,93,141 |
| B-HNI (Min) | 68 | 4,148 | ₹10,07,964 |
Mamata Machinery IPO raises ₹53.56 crore from anchor investors. Mamata Machinery IPO Anchor bid date is December 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 18, 2024 |
| Shares Offered | 22,04,113 |
| Anchor Portion (₹ Cr.) | 53.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 23, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in April 1979, Mamata Machinery Limited manufactures and exports machines for making plastic bags, pouches, packaging, and extrusion equipment. The company provides manufacturing solutions for the packaging industry.
The company caters to FMCG, Food, & Beverage industries. The company's customers include Balaji Wafers Private Limited, Dass Polymers Private Limited, Jflexy Packaging Private Limited, Euphoria Packaging Private Limited, Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Private Limited, Dhalumal Packaging Industries LLC, Laxmi Snacks Private Limited, Ganges Jute Private Limited, Western India Cashew Company Private Limited and N. N. Print & Pack Private Limited and Gits Food Products Private Limited and Emirates National Factory for Plastic Ind LLC.
As of May 31, 2024, the company has exported machines to over 75 countries. The company has international offices in Bradenton, Florida, and Montgomery, Illinois, as well as sales agents in over five countries across Europe, South Africa, and Asia..
The company has two machine manufacturing facilities, one in India and one in the USA.
As of May 31, 2024, the company employs 87 skilled engineers and application experts in electronics, mechanics, software, and design.
Competitive Strength
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 240.85 | 237.49 | 228.47 | 216.33 |
| Total Income | 29.19 | 241.31 | 210.13 | 196.57 |
| Profit After Tax | 0.22 | 36.13 | 22.51 | 21.70 |
| NET Worth | 132.82 | 131.88 | 127.38 | 103.56 |
| Total Borrowing | 4.34 | 11.60 | 18.63 | 20.86 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 27.76% |
| ROCE | 31.29% |
| Debt/Equity | 0.09 |
| RoNW | 27.39% |
| PAT Margin | 15.27% |
| Price to Book Value | 4.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.88 | 0.38 |
| P/E (x) | 15.3 | 633.97 |
| Promoter Holding | 92.45% | 62.45% |
| Market Cap | ₹552.82 Cr. |
The Mamata Machinery IPO is subscribed 194.95 times on December 23, 2024 6:19:09 PM (Day 3). The public issue subscribed 138.08 times in the retail category, 235.88 times in the QIB category, and 274.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 235.88 | 14,69,557 | 34,66,43,968 |
| NII | 274.38 | 11,02,101 | 30,23,93,470 |
| bNII (bids above ₹10L) | 222.71 | 7,34,734 | 16,36,30,731 |
| sNII (bids below ₹10L) | 377.72 | 3,67,367 | 13,87,62,739 |
| Retail | 138.08 | 25,71,569 | 35,50,80,085 |
| Employee | 153.27 | 35,000 | 53,64,279 |
| Total | 194.95 | 51,78,227 | 1,00,94,81,802 |
Total Application : 49,18,086
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage and selling commission) | 11.76 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.68 |
| 3 | Fees and expenses payable to the Registrar to the Offer | 0.71 |
| 4 | Statutory Auditors, for issuing the Restated Consolidated Financial Information, for providing the statement of special direct and indirect tax benefits available to our Company and to our Shareholders, and to verify the details and provided certifications with respect to certain information included in the Offer Document | 0.30 |
| 5 | Industry Report provider for preparing the industry report, commissioned and paid for by our Company | 0.06 |
| 6 | Exchange fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 5.10 |
| 7 | Printing and distribution of issue stationery | 0.10 |
| 8 | Advertising and marketing expenses | 1.43 |
| 9 | Fee payable to legal counsel | 0.75 |
| 10 | Miscellaneous | 0.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹243.00 | ₹243.00 |
| Open | ₹600.00 | ₹600.00 |
| Low | ₹599.00 | ₹600.00 |
| High | ₹629.95 | ₹630.00 |
| Last Trade | ₹629.95 | ₹630.00 |
Lead Manager Reports
Mamata Machinery IPO is a main-board IPO of 73,82,340 equity shares of the face value of ₹10 aggregating up to ₹179 Crores. The issue is priced at ₹243 per share. The minimum order quantity is 61.
The IPO opens on Thu, Dec 19, 2024, and closes on Mon, Dec 23, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mamata Machinery IPO using UPI as a payment gateway. Zerodha customers can apply in Mamata Machinery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mamata Machinery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mamata Machinery IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024.
Mamata Machinery IPO lot size is 61, and the minimum amount required for application is ₹14,823.
You can apply in Mamata Machinery IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mamata Machinery IPO will be done on Tuesday, December 24, 2024, and the allotted shares will be credited to your demat account by Thu, Dec 26, 2024. Check the Mamata Machinery IPO allotment status.
The Mamata Machinery IPO listing date is on Fri, Dec 27, 2024.
