Mamta Machinery IPO To Launch On Dec 19

Mamata Machinery Limited, a renowned manufacturer and exporter of packaging and extrusion equipment, is launching its Initial Public Offering (IPO). This upcoming IPO is a book-built issue, entirely an Offer for Sale, and seeks to raise ₹179.39 crores through the sale of 0.74 crore shares. The IPO is scheduled to open on December 19, 2024, and close on December 23, 2024.

IPO Details and Key Dates

The Mamata Machinery IPO is priced between ₹230 and ₹243 per share. Investors can participate with a minimum lot size of 61 shares, requiring an investment of ₹14,823 for retail applicants. Small Non-Institutional Investors (sNII) and Big Non-Institutional Investors (bNII) need a minimum of 14 lots (₹2,07,522) and 68 lots (₹10,07,964), respectively.

Beeline Capital Advisors Pvt Ltd is the lead manager, while Link Intime India Private Ltd will act as the registrar for the IPO. The allotment of shares is expected on December 24, 2024, with the listing tentatively scheduled for December 27, 2024, on the BSE and NSE.

Business Operations and Industry Presence

Founded in April 1979, Mamata Machinery Limited specializes in manufacturing machines for plastic bags, pouches, and other packaging solutions, catering primarily to the FMCG, food, and beverage sectors. The company boasts a robust clientele, including Balaji Wafers, Sunrise Packaging, Laxmi Snacks, and Emirates National Factory for Plastic, among others.

Having exported machinery to over 75 countries, Mamata Machinery has established offices in the United States and sales agents across Europe, South Africa, and Asia. This global presence underscores its prominence in the packaging industry.

Conclusion

The Mamata Machinery IPO is a significant opportunity for selling shareholders, as the company itself will not receive any proceeds from the offer. This IPO marks another milestone for a company with over four decades of excellence in packaging machinery manufacturing and a global market reach.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.