
Mamata Machinery IPO: Mamata Machinery Limited is all set to launch its Initial Public Offering (IPO), and it has already garnered significant interest from investors. As a leading manufacturer and exporter of plastic bag and pouch-making machines, the company aims to raise approximately ₹179.39 crore through this IPO. If you’re an investor seeking to understand the details, dates, price band, and how to apply, this guide has you covered.
Mamata Machinery IPO
Detail | Information |
---|---|
IPO Opening Date | December 19, 2024 |
IPO Closing Date | December 23, 2024 |
Price Band | ₹230 to ₹243 per share |
Face Value | ₹10 per share |
Lot Size | 61 shares |
Minimum Investment | ₹14,823 |
Issue Size | 73,82,340 equity shares (Offer for Sale) |
Listing on | NSE, BSE |
Official Website | Mamata Machinery IPO |
Mamata Machinery’s IPO presents an exciting opportunity for investors, given its strong market presence, consistent financial performance, and global footprint. While there are risks associated with industry regulations and export dependency, the company’s innovative solutions and robust growth make it a promising investment. Whether you’re a seasoned investor or a first-time participant, this IPO is worth considering as part of a diversified portfolio.
About Mamata Machinery Limited
Mamata Machinery is a well-established name in the packaging machinery industry, offering end-to-end solutions for the plastic bag and pouch-making sector. Founded in 1979, the company has a global footprint across 75 countries and serves industries such as FMCG, food, and beverages. Mamata’s innovative machines are designed to enhance productivity and efficiency, making it a market leader.
With a revenue of ₹236.61 crore in FY 2023-24 and a net profit of ₹36.13 crore, the company has shown robust financial performance. This IPO will further strengthen its position in the global market.
IPO Dates and Price Band
The Mamata Machinery IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The price band has been set between ₹230 to ₹243 per share, with a face value of ₹10 per share. Retail investors can bid in multiples of 61 shares per lot, requiring a minimum investment of ₹14,823.
How to Apply for the Mamata Machinery IPO
Applying for an IPO is easier than ever, thanks to online platforms. Here’s a step-by-step guide:
1. Through ASBA (Application Supported by Blocked Amount)
- Log in to your net banking portal.
- Navigate to the IPO section and select “Mamata Machinery IPO.”
- Enter the required details, including number of lots and price per share.
- Approve the UPI mandate or block the funds in your bank account.
2. Using Online Broker Platforms
Platforms like Zerodha, Upstox, and Angel One allow you to apply directly:
- Open the IPO section on your broker’s app or website.
- Search for “Mamata Machinery IPO” and select it.
- Enter the bid quantity and price.
- Complete the process by authorizing the UPI mandate.
3. Offline Application
You can also apply by submitting a physical IPO form through your broker or designated bank branch. Ensure you fill out all details accurately to avoid rejection.
Why Invest in Mamata Machinery IPO?
1. Strong Market Position
With over four decades of expertise, Mamata Machinery is a leading player in the flexible packaging machinery industry. Its global presence and innovation-driven approach make it a reliable investment.
2. Financial Stability
The company’s consistent revenue growth (₹236.61 crore in FY 2023-24) and profitability (₹36.13 crore net profit) reflect its strong financial health.
3. Export-Oriented Business
Operating in over 75 countries, Mamata Machinery benefits from diverse revenue streams, reducing dependence on any single market.
Potential Risks
1. Industry Challenges
The packaging machinery industry is closely linked to the plastic packaging sector, which faces increasing scrutiny due to environmental concerns. Regulatory changes could impact demand.
2. Export Dependency
A significant portion of Mamata’s revenue comes from exports, making it susceptible to geopolitical and currency fluctuations.
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FAQs On Mamata Machinery IPO
1. What is the price band for Mamata Machinery IPO?
The price band is set between ₹230 to ₹243 per share.
2. How can I apply for the IPO?
You can apply through ASBA, online broker platforms, or offline by submitting a physical form.
3. Is this IPO an Offer for Sale (OFS)?
Yes, the Mamata Machinery IPO is entirely an OFS, with 73,82,340 equity shares on offer.
4. When will the shares be listed?
The shares will be listed on December 27, 2024, on the NSE and BSE.
5. What is the minimum investment amount?
The minimum investment required is ₹14,823, equivalent to one lot (61 shares).