Mamata Machinery IPO GMP (Grey Market Premium) has been the talk of the town since its launch. The IPO opened for subscription from December 19 to December 23, 2024, with a price band of ₹230 to ₹243 per share. With an overwhelming subscription rate of 194.95 times, the IPO was a massive success. The shares were listed on December 27, 2024, at an impressive opening price of ₹600 on the NSE, signaling strong investor confidence.
Mamata Machinery IPO GMP: A Key Indicator
The Mamata Machinery IPO GMP reflects the premium at which shares are trading in the grey market before their official listing. It is an early indicator of the demand and potential performance of the IPO. With shares opening significantly above the issue price, it demonstrated high investor interest and market optimism.
Mamata Machinery IPO Issue Size and Key Details
Important Highlights
- Issue Size: ₹179.39 crores
- Price Band: ₹230 to ₹243 per share
- Minimum Order Quantity: 61 shares
- Minimum Investment: ₹14,823
- Total Shares Offered: 7,382,340 shares
The Mamata Machinery IPO issue size was entirely an Offer for Sale (OFS), meaning all proceeds went to existing shareholders selling their stake.
Mamata Machinery IPO Date and Subscription Performance
IPO Timeline
- Opening Date: December 19, 2024
- Closing Date: December 23, 2024
- Allotment Date: December 24, 2024
- Listing Date: December 27, 2024
Subscription Breakdown
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers | 235.88 times |
| Non-Institutional Investors | 274.38 times |
| Retail Investors | 138.08 times |
| Employee Quota | 153.27 times |
The Mamata Machinery IPO date was eagerly anticipated, and the stellar subscription rates highlight the demand across all investor categories.
Mamata Machinery IPO Price Today: Market Sentiment
The Mamata Machinery IPO price today is trading well above the issue price, reflecting strong market confidence. Shares debuted at ₹600, marking a significant premium over the issue price range of ₹230 to ₹243 per share.
Mamata Machinery IPO Review: Strengths and Challenges
Strengths
- Diverse Product Portfolio: The company serves FMCG, food, and beverage industries with innovative packaging solutions.
- Global Presence: Exports to 75+ countries, contributing over 65% of revenue from international markets.
- Financial Growth: Revenue grew at a CAGR of 10.9%, while net profit increased by 29.03% from FY22 to FY24.
Challenges
- Customer Dependence: Reliance on top customers for a large portion of revenue.
- Raw Material Volatility: Fluctuations in prices could impact profitability.
The Mamata Machinery IPO review is largely positive, making it an attractive choice for long-term investors in the packaging industry.
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FAQs: Mamata Machinery IPO
What is the price band for Mamata Machinery IPO?
The price band for the Mamata Machinery IPO is ₹230 to ₹243 per share.
What is the Mamata Machinery IPO issue size?
The issue size is ₹179.39 crores, consisting of 7,382,340 shares in an Offer for Sale (OFS).
When is the Mamata Machinery IPO date for listing?
The IPO was listed on December 27, 2024.
What was the opening price of Mamata Machinery shares?
The shares opened at ₹600 on the NSE.
How can I create a demat account to invest in IPOs?
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