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Unlisted shares of Mamata Machinery are trading at Rs 503 in the grey market, showing a GMP of 107% over the top cost band of Rs 243, suggesting a hit listing gain.
Mamata Machinery IPO.
Mamata Machinery IPO: The going public of Mamata Machinery Ltd, a Gujarat- based supplier of product packaging equipment, got a 16.7 times membership on the initial day of bidding process onThursday On Friday, the Rs 179.39-crore IPO saw the 2nd day of bidding process. Till 5:00 pm on the 2nd day of bidding process, the IPO got 38.04 times membership amassing quotes for 19,69,73,697 shares as versus the 51,78,227 shares available.
So much, the retail classification has actually gotten a 51.54 times membership, while the non-institutional classification (NII) obtained a 50.4 times membership. The certified institutional purchasers (QIB) classification got a 4.74 times membership.
Mamata Machinery IPO: Price Band & & Lot Size
The cost band of the IPO has actually been repaired in the variety of Rs 230 to Rs 243 per share.
The minimal great deal dimension for an application is 61. The minimal quantity of financial investment called for by retail capitalists is Rs 14,823. The minimal great deal dimension financial investment for little NII is 14 whole lots (854 shares), totaling up to Rs 2,07,522, and for large NII, it is 68 whole lots (4,148 shares), totaling up to Rs 10,07,964.
Mamata Machinery IPO: Key Dates
Closing Date: December 23 (Monday)
Allotment Finalisation: December 24
Listing on BSE and NSE: December 27 (Friday)
Mamata Machinery IPO GMP Today
As per market experts, the non listed shares of Mamata Machinery are trading at Rs 503 in the grey market, showing a costs of Rs 260 (107%) over the top cost band of Rs 243. This suggests a hit listing gain for capitalists on December 27.
Mamata Machinery IPO: Analysts’ Recommendations
Rajan Shinde, research study expert at Mehta Equities, claimed, “Mamata Machinery Ltd has a solid worldwide visibility in markets such as the United States, Europe, Latin America and theMiddle East The business deals with high-demand markets consisting of FMCG, food, drugs and ecommerce. Its concentrate on development and lasting product packaging equipment settings it to take advantage of the climbing need for recyclable and eco-friendly products, lining up with worldwide sustainability objectives.”
On financials, Mamata Machinery has shown stable growth, with revenue increasing by 17.8 per cent in FY24 and its net profit surging 60.5 per cent, reflecting strong operational performance despite muted growth in FY 2023, he added.
“As industries increasingly shift toward automation and flexible packaging solutions, Mamata’s strong customer relationships, extensive global distribution network and emphasis on after-sales services enable repeat business and foster brand trust, we believe the company is well-positioned to capitalise on this growth. Hence, looking at all attributes, we recommend investors to ‘subscribe’ the Mamata Machinery IPO for a long-term perspective,” Shinde claimed.
Brokerage company Choice in its IPO note additionally advised a ‘subscribe’ score for the IPO.
It claimed, “At the top end of its cost array, MML is requiring a P/E multiple of 16.6 x, based upon its FY24 EPS ofRs 14.7, and a EV/Sales numerous of 2.6 x, this assessment appears to be at a discount rate contrasted to its peers. Looking in advance, our company believe MML has solid lasting development capacity by increasing its visibility in areas such as Europe, Africa, and the Middle East, which will certainly even more boost its consumer base. Thus, we suggest a ‘subscribe’ score for this problem.”
Bajaj Broking also granted a ‘subscribe for long term’ rating to the IPO.
It said, “It is a global player and has manufacturing unit in US to supply neighbouring 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 medium to long term.”
Mamata Machinery IPO: More Details
The first share sale is an offer-for-sale (OFS) of 73.82 lakh equity shares by the marketers, totaling up to Rs 179.38 crore at the top cost band.
Promoters taking part in the OFS consist of Mahendra Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, Mamata Management Services LLP.
Since the IPO is an OFS, the business will certainly not get profits from the problem. Instead, the funds will certainly go straight to the offering investors.
Objectives of the IPO
The business intends to utilize the equity share providing to:
- Enhance exposure and brand name acknowledgment
- Provide liquidity to existing investors
- Establish a public market for equity shares
At the top cost band, the business’s market capitalization is approximated at around Rs 600 crore.
Anchor Investors and Pre- IPO Details
Mamata Machinery increased Rs 53.56 crore from support capitalists before the IPO by allocating 22.04 lakh shares at Rs 243 each.
Beeline Capital Advisors is the single book-running lead supervisor for the problem. The equity shares will certainly be provided on the BSE and NSE on December 27.
About Mamata Machinery
The business offers end-to-end production options for the product packaging market, offering items under the brand names ‘Vega’ and ‘Win.’ It offers the adaptable product packaging market throughout the whole worth chain.
