Mamata Machinery IPO Listing On Friday: At 104.9%, GMP Indicates Stellar Market Debut

Last Updated: December 26, 2024, 10:00 IST

Mamata Machinery IPO Listing Date: Unlisted shares of Mamata Machinery Ltd are trading at Rs 498 per share in the grey market, which is a costs of 104.94 percent. It shows a massive listing on December 27.

Mamata Machinery IPO Listing Date, Latest GMP: The slice of the Mamata Machinery IPO has actually been settled. The going public of Transrail Lighting Ltd, which had actually shut on Monday, got a massive 194.95 times registration. The Mamata Machinery IPO listing will certainly occur on Friday, December 27, and the most recent GMP stands at 104.94 percent, signalling a smash hit listing that could increase capitalists’ cash on Friday.

The going public of Mamata Machinery Ltd, which was opened up on in between December 19 and December 23, got a total 194.95 times registration. The retail classification recieved a 138.08 times registration in overall, the NII (non-institutional capitalists) part obtained 274.38 times registration. Its QIB (certified institutional customer) classification has actually been subscribed by 235.88 times.

The rate band of the IPO was taken care of at Rs 265 to Rs 279 each.

The shares of Mamata Machinery Ltd are arranged to be noted on both BSE and NSE on December 27, Friday.

The IPO slice will certainly be settled on the Monday night. Once set aside, capitalists will certainly get a financial institution debit message. They can additionally inspect the IPO slice condition on the web sites of BSE and NSE, in addition to on registrar Link Intime’s site.

Mamata Machinery IPO GMP Today

According to market onlookers, unpublished shares of Mamata Machinery Ltd are presently trading at Rs 498 per share in the grey market, which is a costs of Rs 243 or 104.94 percent over the IPO concern rate of Rs 243. It shows a massive listing on December 27.

However, the 104.94 percent GMP is less than the 107 percent grey market costs taped on the last day of bidding process on December 23.

The GMP is based upon market beliefs and maintains altering. ‘Grey market premium’ shows capitalists’ preparedness to pay greater than the concern rate.

Mamata Machinery IPO: How To Check Allotment Status Online?

The IPO slice condition can be examined on the internet by adhering to these actions:

1) Go to the main BSE web site using the link–https://www.bseindia.com/investors/appli_check.aspx

2) Under ‘Issue Type’, pick ‘Equity’.

3) Under ‘Issue Name’, pick ‘Mamata Machinery Ltd’ in the dropbox.

4) Enter your application number, or the Permanent Account Number (FRYING PAN).

5) Then, click the ‘I am not a robot’ to confirm on your own and strike ‘Search’ choice.

Your share application condition will certainly show up on your display.

You can additionally check out straight Link Intime Ltd’s site– and inspect the Mamata Machinery IPO slice condition.

Mamata Machinery IPO: More Details

Gujarat- based Mamata Machinery’s preliminary share sale is totally an Offer- for-Sale (OFS) of 73.82 lakh equity shares by marketers worth Rs 179.38 crore at the top end of the rate band.

Since it is an OFS, the business will certainly not get any kind of profits from the general public concern, and the whole fund will certainly most likely to the offering investors.

The business specified that the goal of the preliminary share sale is to get the benefits of noting the equity shares on the stock market.

The Rs 179-crore IPO has a cost series of Rs 230-243 per share.

The business expects that noting the equity shares will certainly enhance its exposure and brand name photo, supply liquidity to its investors, and develop a public market for the equity shares.

Mamata Machinery supplies end-to-end production services for the product packaging sector. The business markets its devices under the brand ‘Vega’ and‘Win’ It supplies an extensive series of items, offering the whole adaptable product packaging market price chain.

Beeline Capital Advisors is the single book-running lead supervisor to the concern.

The equity shares will certainly be noted on the BSE and the NSE.