New Delhi: Mamata Machinery’s Initial Public Offering (IPO) has garnered significant interest from investors as it enters the final day of bidding on Monday. The IPO, which opened on December 19, has been met with an overwhelming response, being subscribed over 87 times so far. The company, a prominent player in the packaging machinery sector, aims to raise Rs 179.39 crore through an Offer for Sale (OFS).
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Price Band And Minimum Investment Amount
As part of the OFS, promoters are selling up to 73.82 lakh equity shares, each with a face value of Rs 10. The IPO price band has been set at Rs 230 to Rs 243 per share. Retail investors can apply for a minimum lot size of 61 shares, requiring an investment of Rs 14,823. For small non-institutional investors, the minimum application size is 14 lots (854 shares), amounting to Rs 2,07,522, while large non-institutional investors must bid for at least 68 lots (4,148 shares), requiring an investment of Rs 10,07,964.
Mamata Machinery IPO: Subscription Status
Investor interest has been strong across categories. Retail investors have subscribed 91.57 times the shares allocated for them, non-institutional investors have bid 164.12 times their allocation, and qualified institutional buyers have subscribed 21.46 times. As of December 23, 2024, at 1:09 PM, the overall subscription stands at an impressive 87.19 times.
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Mamata Machinery IPO: Latest GMP
The IPO is also performing well in the grey market, where it commands a premium of Rs 260 per share as of the latest data. This premium, when added to the upper price band of Rs 243, suggests an estimated listing price of Rs 503 per share, representing a potential gain of 107 per cent for investors.
Mamata Machinery IPO: Allotment & Listing Date
Mamata Machinery’s IPO allotment process is expected to be finalised on December 24, 2024, and the company’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 27, 2024.
