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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 ₹243.00 per share . The lot size for an application is 61. The minimum amount of investment required by an retail is ₹14,030 (61 shares). 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 Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹230 to ₹243 per share |
| Issue Price Final | ₹243 per share |
| Lot Size | 61 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 73,82,340 shares (aggregating up to ₹179.35 Cr) |
| Employee Discount | ₹12.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,27,49,820 shares |
| Share Holding Post Issue | 2,27,49,820 shares |
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, 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 | Maximum 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%) |
| 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 |
Mamata Machinery IPO raises ₹53.56 crore from anchor investors. Mamata Machinery IPO Anchor bid date is December 18, 2024. Mamata Machinery IPO Anchor Investors list
| Bid Date | December 18, 2024 |
| Shares Offered | 22,04,113 |
| Anchor Portion Size (In Cr.) | 53.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 23, 2025 |
Mamata Machinery IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thu, Dec 19, 2024 |
| IPO Close Date | Mon, Dec 23, 2024 |
| Tentative Allotment | Tue, Dec 24, 2024 |
| Initiation of Refunds | Thu, Dec 26, 2024 |
| Credit of Shares to Demat | Thu, Dec 26, 2024 |
| Tentative Listing Date | Fri, Dec 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 23, 2024 |
Investors can bid for a minimum of 61 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
Mamata Machinery Limited's revenue increased by 15% and profit after tax (PAT) rose by 61% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | 21.7 |
| Net Worth | 132.82 | 131.88 | 127.38 | 103.56 |
| Total Borrowing | 4.34 | 11.6 | 18.63 | 20.86 |
| Amount in ₹ Crore | ||||
The market capitalization of Mamata Machinery IPO is ₹552.82 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 15.88 | 0.38 |
| P/E (x) | 15.3 | 633.97 |
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 post deduction of Offer-related expenses to be borne by the Selling Shareholders.
[Dilip Davda] The company enjoys a niche in innovative plastic bags and pouch-making machines, packaging machines, and extrusion equipment. It is a global player and has a manufacturing unit in the US to supply neighboring countries. It marked steady growth in its top and bottom lines for FY22-FY24. While based on Q1-FY25 the issue appears costly, but historically the first half is a lean period for them. They always have better second half. The management is confident of maintaining the growth trends posted. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | December 27, 2024 |
| BSE Script Code | 544318 |
| NSE Symbol | MAMATA |
| ISIN | INE0TO701015 |
| Final Issue Price | ₹243 per share |
| NSE Listing Group | BE (Trade to Trade) |
| BSE Listing Group | B |
Mamata Machinery Ltd.
Survey No. 423/P, Sarkhej-Bavla Road
N.H No. 8A
Moraiya, Sanand, Ahmedabad– 382213,
Ahmedabad, Gujarat
Phone: 02717–630 800/801
Email: investor@mamata.com
Website: https://www.mamata.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mamatamachinery.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Mamata Machinery IPO is a main-board IPO of 73,82,340 equity shares of the face value of ₹10 aggregating up to ₹179.35 Crores. The issue is priced at ₹243 per share. The minimum order quantity is 61.
The IPO opens on December 19, 2024, and closes on December 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 December 19, 2024 and closes on December 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 Thursday, December 26, 2024. Check the Mamata Machinery IPO allotment status.
The Mamata Machinery IPO listing date is on Friday, December 27, 2024.
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