Mamata Machinery IPO Overview

Mamata Machinery IPO is a book built issue of Rs 179.39 crores. The issue is entirely an offer for sale of 0.74 crore shares.

Mamata Machinery IPO bidding opened for subscription on December 19, 2024 and will close on December 23, 2024. The allotment for the Mamata Machinery IPO is expected to be finalized on Tuesday, December 24, 2024. Mamata Machinery IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024.

Mamata Machinery IPO price band is set at ₹230 to ₹243 per share. The minimum lot size for an application is 61. The minimum amount of investment required by retail investors is ₹14,823. The minimum lot size investment for sNII is 14 lots (854 shares), amounting to ₹2,07,522, and for bNII, it is 68 lots (4,148 shares), amounting to ₹10,07,964.

The issue includes a reservation of up to 35000 shares for employees offered at a discount of Rs 12.00 to the issue price.

Beeline Capital Advisors Pvt Ltd is the book running  lead manager of the Mamata Machinery IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Mamata Machinery IPO RHP for detailed information.

Mamata Machinery IPO Important dates

Mamata Machinery IPO IPO opens on December 19, 2024, and closes on December 23, 2024.

IPO Open Date Thursday, December 19, 2024
IPO Close Date Monday, December 23, 2024
Basis of Allotment Tuesday, December 24, 2024
Initiation of Refunds Thursday, December 26, 2024
Credit of Shares to Demat Thursday, December 26, 2024
Listing Date Friday, December 27, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 23, 2024

Mamata Machinery IPO Financial Performance

Mamata Machinery Limited’s revenue increased by 15% and profit after tax (PAT) rose by 61% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 240.85 237.49 228.47 216.33
Revenue 29.19 241.31 210.13 196.57
Profit After Tax 0.22 36.13 22.51 21.7
Net Worth 132.82 131.88 127.38 103.56
Total Borrowing 4.34 11.6 18.63 20.86
Amount in ₹ Crore

Mamata Machinery IPO Key Performance Indicator

KPI Values
ROE 27.76%
ROCE 31.29%
Debt/Equity 0.09
RoNW 27.39%
PAT Margin 15.27

Mamata Machinery IPO Objectives

The Company will not receive any proceeds from the Offer (the ” Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders post deduction of Offer-related expenses to be borne by the Selling Shareholders.

Mamata Machinery IPO Lot Size

Investors can bid for a minimum of 61 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 61 ₹14,823
Retail (Max) 13 793 ₹1,92,699
S-HNI (Min) 14 854 ₹2,07,522
S-HNI (Max) 67 4,087 ₹9,93,141
B-HNI (Min) 68 4,148 ₹10,07,964

Mamata Machinery IPO Details

IPO Date December 19, 2024 to December 23, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹230 to ₹243 per share
Lot Size 61 Shares
Total Issue Size 73,82,340 shares
(aggregating up to ₹179.39 Cr)
Offer for Sale 73,82,340 shares of ₹10
(aggregating up to ₹179.39 Cr)
Employee Discount 12.00
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Company Overview and Services

Incorporated in April 1979, Mamata Machinery Limited manufactures and exports machines for making plastic bags, pouches, packaging, and extrusion equipment. The company provides manufacturing solutions for the packaging industry.

The company caters to FMCG, Food, & Beverage industries. The company’s customers include Balaji Wafers Private Limited, Dass Polymers Private Limited, Jflexy Packaging Private Limited, Euphoria Packaging Private Limited, Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Private Limited, Dhalumal Packaging Industries LLC, Laxmi Snacks Private Limited, Ganges Jute Private Limited, Western India Cashew Company Private Limited and N. N. Print & Pack Private Limited and Gits Food Products Private Limited and Emirates National Factory for Plastic Ind LLC.

As of May 31, 2024, the company has exported machines to over 75 countries. The company has international offices in Bradenton, Florida, and Montgomery, Illinois, as well as sales agents in over five countries across Europe, South Africa, and Asia..

The company has two machine manufacturing facilities, one in India and one in the USA.

As of May 31, 2024, the company employs 87 skilled engineers and application experts in electronics, mechanics, software, and design.

Competitive Strength

  • A major exporter of machinery and equipment for bag and pouch making, packaging, and co-extrusion blown film machinery and attachments.
  • Advanced manufacturing tools and material knowledge to customize systems and products based on customers’ needs.
  • Customer-centric operations, with an extensive global sales and distribution network.
  • Experienced Management Team

Mamata Machinery IPO SWOT Analysis

Strengths:

  • Established Presence in the Packaging Machinery Market: Mamata Machinery has a long-standing presence in the packaging machinery sector, indicating experience and established operations.
  • Wide International Reach: The company exports its products to over 75 countries, demonstrating a significant international presence and diversified revenue streams.
  • Strong Client Base: Mamata Machinery caters to a diverse clientele across various industries, including FMCG (Fast-Moving Consumer Goods) and food & beverage sectors. This diversification reduces reliance on any single industry.
  • Financial Performance: Recent financial data indicates growing revenue and profitability, which is a positive sign for potential investors.

Weaknesses:

  • Reliance on the Packaging Industry: While serving diverse sectors within packaging is a strength, the company’s overall performance is still heavily tied to the fluctuations of the packaging industry itself. A downturn in this sector could significantly impact Mamata Machinery.
  • Potential Client Concentration: While the client base is described as strong, it’s important to analyze the revenue contribution from the top clients. High dependence on a few key clients can pose a risk.
  • Competition: The packaging machinery market is competitive, with both domestic and international players. Mamata Machinery needs to maintain its competitive edge through innovation and pricing strategies.

Opportunities:

  • Growth in the Packaging Industry: The global packaging machinery market is expected to grow, driven by factors like increasing demand for packaged goods, especially in developing economies. This provides a favorable backdrop for Mamata Machinery’s growth.
  • Focus on Automation and Technological Advancements: The increasing demand for automation in packaging processes presents an opportunity for Mamata Machinery to innovate and offer advanced machinery solutions.
  • Expansion in Emerging Markets: The company can further expand its presence in emerging markets with growing packaging needs.
  • Strategic Partnerships and Acquisitions: Collaborating with or acquiring other companies could help Mamata Machinery expand its product portfolio, technological capabilities, and market reach.

Threats:

  • Global Economic Downturn: A global economic slowdown could negatively impact demand for packaging machinery as businesses reduce capital expenditures.
  • Fluctuations in Raw Material Prices: The cost of raw materials used in manufacturing machinery, such as steel and other metals, can fluctuate, impacting profitability.
  • Technological Disruptions: Rapid advancements in packaging technology could render existing machinery obsolete, requiring continuous investment in research and development.
  • Competition from Low-Cost Manufacturers: Competition from manufacturers in countries with lower production costs could put pressure on pricing and profitability.

Mamata Machinery IPO GMP Details

Mamata Machinery IPO last GMP is ₹260, last updated Dec 20th 2024 02:58 PM. With the price band of 243.00, Mamata Machinery IPO’s estimated listing price is ₹503 (cap price + today’s GMP).The expected percentage gain/loss per share is 107.00%.

We update GMP on a daily basis and based on last 8 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹75, while the highest GMP is ₹260. Stay with us to know the daily price trend of Mamata Machinery IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
20-12-2024 243.00 ₹260  12100/169400 ₹503 (107%) 20-Dec-2024 14:58
19-12-2024 Open 243.00 ₹260   12100/169400 ₹503 (107%) 19-Dec-2024 22:27
18-12-2024 243.00 ₹200   9300/130200 ₹443 (82.3%) 18-Dec-2024 22:23
17-12-2024 243.00 ₹111  5100/71400 ₹354 (45.68%) 17-Dec-2024 22:32
16-12-2024 243.00 ₹111   5100/71400 ₹354 (45.68%) 16-Dec-2024 18:02
15-12-2024 243.00 ₹92  4300/60200 ₹335 (37.86%) 15-Dec-2024 17:24

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Mamata Machinery IPO Subscription Status 

Mamata Machinery IPO subscribed 36.59 times. The public issue subscribed 49.54 times in the retail category, 4.68 times in QIB, and 48.4 times in the NII category by December 20, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)*
Anchor Investors 1 22,04,202 22,04,202 53.56
Qualified Institutions 4.68 14,69,557 68,74,151 167.04
Non-Institutional Buyers 48.4 11,02,101 5,33,37,302 1,296.10
  bNII (bids above ₹10L) 31.73 7,34,734 2,33,13,041 566.51
  sNII (bids below ₹10L) 81.73 3,67,367 3,00,24,261 729.59
Retail Investors 49.54 25,71,569 12,73,93,132 3,095.65
Employees 53.05 35,000 18,56,779 45.12
Total ** 36.59 51,78,227 18,94,61,364 4,603.91

Total Application : 17,89,340

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

Date QIB NII NII (> ₹10L) NII (< ₹10L) Retail EMP Total
Day 1
Dec 19, 2024
1.51 18.99 10.99 34.99 24.23 29.08 16.7
Day 2
Dec 20, 2024
4.68 48.4 31.73 81.73 49.54 53.05 36.59

Mamata Machinery IPO  Allotment status 

Mamata Machinery IPO allotment is expected on Tuesday, December 24, 2024.

Mamata Machinery IPO allotment status is not available at this time. Mamata Machinery IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Mamata Machinery Limited IPO allotment status.

To check Mamata Machinery IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to ipo.helpdesk@linkintime.co.in.

Mamata Machinery IPO Contact Details

Mamata Machinery Limited
Survey No. 423/P, Sarkhej-Bavla Road
N.H No. 8A
Moraiya, Sanand, Ahmedabad– 382213,
Phone: 02717–630 800/801
Email: investor@mamata.com
Websitehttps://www.mamata.com/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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