- IPO Dates: Subscription runs from December 19 to December 23.
- Price Band: ₹230 - ₹243 per share.
- Lot Size: 61 shares and multiples thereafter.
- Issue Type: Entirely an OFS worth ₹179.39 crore at the upper band.
- Listing Date: Tentatively on December 27 on NSE and BSE.
- Financials: Strong FY24 growth with ₹236.61 crore revenue and ₹36.13 crore net profit.
- P/E Ratio: Attractive at 16.59x compared to the industry average of 43.90x.
Mamata Machinery Ltd is set to launch its Initial Public Offering (IPO) with a price band of ₹230-243 per share. The subscription window opens on Thursday, December 19, and will close on Monday, December 23.
This IPO is an Offer for Sale (OFS) comprising 7.38 million shares from the company’s promoters and existing shareholders. At the upper price band, the issue size will reach approximately ₹179.39 crore.
Here are the key details about the Mamata Machinery IPO:
| Parameter | Details |
|---|---|
| IPO Price Band | ₹230 – ₹243 per share |
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Lot Size | 61 shares and multiples thereafter |
| Anchor Investor Bidding | December 18, 2024 |
| IPO Issue Type | Offer for Sale (OFS) |
| Total Shares in OFS | 7.38 million shares |
| Total Issue Size | ₹179.39 crore (upper price band) |
| Face Value | ₹10 per equity share |
| Floor Price | 23x the face value |
| Cap Price | 24.30x the face value |
| Retail Investor Reservation | 35% |
| NII Reservation | 15% |
| QIB Reservation | 50% |
| Employee Discount | ₹12 per share |
| Basis of Allotment | December 24, 2024 |
| Refund Initiation | December 26, 2024 |
| Demat Credit | December 26, 2024 |
| Listing Date | December 27, 2024 |
| Stock Exchanges | BSE and NSE |
Mamata Machinery IPO Financial Highlights
In the fiscal year 2024, Mamata Machinery demonstrated strong financial performance:
| Financial Parameter | FY 2024 | FY 2023 |
|---|---|---|
| Revenue | ₹236.61 crore | ₹200.87 crore |
| Net Profit | ₹36.13 crore | ₹22.51 crore |
The company’s P/E ratio at the upper price band is 16.59x, which is much lower than the industry average of 43.90x, making the IPO attractive for investors.
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About Mamata Machinery
Mamata Machinery is a leading manufacturer of:
- Plastic bag and pouch-making machines
- Packaging machinery
- Extrusion equipment
The company serves the food and FMCG sectors through a global client base. Notable clients include Balaji Wafers, Hershey India, Chitale Foods, Sunrise Packaging, and others.
Mamata Machinery operates two manufacturing facilities:
- India: Ahmedabad, Gujarat (spanning 20,662 sq. meters).
- USA: Bradenton, Florida, which focuses on product application and machine customization for the American market.
The company has supplied machines to 75+ countries and maintains a strong international presence through its wholly-owned subsidiary Mamata Enterprises Inc., USA and an established sales network across Europe, Asia, and South Africa.
Promoters and Advisors
The promoters of Mamata Machinery include:
- Mahendra Patel
- Chandrakant Patel
- Nayana Patel
- Bhagvati Patel
- Mamata Group Corporate Services
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the IPO, and Link Intime India Private Ltd is the registrar.
Why Investors Should Watch Mamata Machinery IPO
- Robust infrastructure with two international facilities and machines supplied across 75+ countries.
- Strong financial performance with consistent revenue and profit growth.
- Competitive pricing: The company’s P/E ratio is much lower than its industry peers.
- Global operations with a significant client base in FMCG and food packaging.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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