Unlisted shares of Mamata Machinery Ltd are currently trading at Rs 503 per share in the grey market, which is a premium of Rs 260 or 107 per cent over the IPO issue price of Rs 243. It indicates a huge listing on December 27.
Mamata Machinery IPO Allotment Date, Latest GMP: The allotment of the Mamata Machinery IPO will be finalised on Tuesday, December 24. The initial public offering of Transrail Lighting Ltd closed on Monday and received an overall a whopping 194.95 times subscription. The Transrail Lighting IPO listing will take place on Friday, December 27. The latest GMP currently stands at 107 per cent, signalling a blockbuster listing.
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The initial public offering of Mamata Machinery Ltd, which was opened on between December 19 and December 23, received an overall 194.95 times subscription. The retail category recieved a 138.08 times subscription in total, the NII (non-institutional investors) portion got 274.38 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 235.88 times.
The price band of the IPO was fixed at Rs 265 to Rs 279 apiece.
The shares of Mamata Machinery Ltd are scheduled to be listed on both BSE and NSE on December 27, Friday.
The IPO allotment will be finalised on the Monday evening. Once allotted, investors will receive a bank debit message. They can also check the IPO allotment status on the websites of BSE and NSE, as well as on registrar Link Intime’s portal.
Mamata Machinery IPO GMP Today
According to market observers, unlisted shares of Mamata Machinery Ltd are currently trading at Rs 503 per share in the grey market, which is a premium of Rs 260 or 107 per cent over the IPO issue price of Rs 243. It indicates a huge listing on December 27.
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The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Mamata Machinery IPO: How To Check Allotment Status Online?
The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL —https://www.bsei2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Mamata Machinery Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime Ltd’s portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and check the Mamata Machinery IPO allotment status.
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Mamata Machinery IPO: More Details
Gujarat-based Mamata Machinery’s initial share sale is entirely an Offer-for-Sale (OFS) of 73.82 lakh equity shares by promoters worth Rs 179.38 crore at the upper-end of the price band.
Since it is an OFS, the company will not receive any proceeds from the public issue, and the entire fund will go to the selling shareholders.
The company stated that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.ndia.com/investors/appli_check.aspx.
The Rs 179-crore IPO has a price range of Rs 230-243 per share.
The company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity shares.
Mamata Machinery provides end-to-end manufacturing solutions for the packaging industry. The company sells its machines under the brand names ‘Vega’ and ‘Win’. It offers a comprehensive range of products, serving the entire flexible packaging market value chain.
Beeline Capital Advisors is the sole book-running lead manager to the issue.
The equity shares will be listed on the BSE and the NSE.
