Mamata Machinery IPO
- IPO Date19 Dec, 2024 to 23 Dec, 2024
- Listing Date27 Dec, 2024
- Face Value₹10 per share
- Issue Price₹230 to ₹243 per share
- Lot Size61 Shares
- Minimum Investment₹14,823
- Listing AtBSE, NSE
- Total Issue Size73,82,340 Shares
(aggregating up to ₹179.39 Cr) - Fresh Issue73,82,340 Shares
(aggregating up to ₹179.39 Cr)
- Offer for Sale73,82,340 Shares
(aggregating up to ₹179.39 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
23 Dec, 2024
Initiation of Refunds
26 Dec, 2024
Listing Date
27 Dec, 2024
19 Dec, 2024
Opening Date
24 Dec, 2024
Basis of Allotment
26 Dec, 2024
Credit of Shares
Mamata Machinery 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 |
|---|---|---|---|
| S-HNI (Min) | 14 | 854 | ₹2,07,522 |
| Retail (Min) | 1 | 61 | ₹14,823 |
| B-HNI (Min) | 68 | 4148 | ₹10,07,964 |
| Retail (Max) | 13 | 793 | ₹1,92,699 |
| S-HNI (Max) | 67 | 4087 | ₹9,93,141 |
Mamata Machinery Promoter Holding
The promoters of the Company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP and Mamata Management Services LLP.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.45% | - |
Mamata Machinery COMPANY INFORMATION
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 opens for subscription on December 19, 2024 and closes 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 Shares. 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 ₹207,522, and for bNII, it is 68 lots (4,148 shares), amounting to ₹1,007,964. 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.
Incorporated in April 1979, Mamata Machinery 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
IPO Overview and Key Highlights
Mamata Machinery, a leader in flexible packaging machinery, is launching its Initial Public Offering (IPO). This IPO comprises an Offer for Sale (OFS) of 7,382,340 equity shares, with a face value of Rs 10 each. The funds raised will allow promoters to divest part of their holdings and bring the company to the public market. The shares are proposed to be listed on the BSE and NSE.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Offer Size: 7,382,340 equity shares (OFS)
- Face Value: Rs 10 per share
- Offer Opens: December 19, 2024
- Offer Closes: December 23, 2024
- Listing Exchange: BSE and NSE
Company Overview
Founded in 1979 and headquartered in Ahmedabad, Mamata Machinery specializes in designing and manufacturing flexible packaging machinery for industries like food, pharmaceuticals, and retail. The company has a strong reputation in both domestic and international markets. Promoters include Mahendra Patel, Chandrakant Patel, and others, alongside corporate entities Mamata Group Corporate Services LLP and Mamata Management Services LLP.
Financial Overview
Mamata Machinery has demonstrated consistent revenue growth, leveraging its robust portfolio of packaging machinery. The IPO proceeds are exclusively for selling shareholders, and no fresh funds are being raised for the company.
Key Strengths of Mamata Machinery
- Industry Leadership: Renowned player in flexible packaging machinery with decades of expertise.
- Global Reach: Strong export market presence in addition to domestic operations.
- Promoter Expertise: Backed by experienced leaders with deep industry knowledge.
IPO Pros and Cons
Pros
- Sectoral Growth: Increasing demand for advanced packaging solutions across industries.
- Established Market Presence: Well-recognized brand domestically and internationally.
- Funds for Expansion: Listing will provide visibility and access to broader financial markets.
Cons
- Market Sensitivity: Revenue dependent on economic cycles and industrial demand.
- No Fresh Issue: Funds raised will not directly benefit company operations.
- Regulatory Compliance: Adherence to industry standards and export norms.
Risk Factors
Investors should consider the following risks:
- Economic Volatility: Dependency on manufacturing and industrial growth cycles.
- Competitive Landscape: Faces stiff competition from global and local players.
- Operational Risks: Managing international and domestic operations simultaneously.
Conclusion
The Mamata Machinery IPO presents an opportunity to invest in a long-established leader in the packaging machinery sector. With a strong track record and global market presence, the company is poised for sustainable growth. However, potential investors must evaluate risks related to economic sensitivity, competition, and regulatory compliance before deciding.
FAQs About Mamata Machinery Ipo
Mamata Machinery IPO will open on 19 Dec, 2024 and close on 23 Dec, 2024. Investors must apply within this period to participate.
The Mamata Machinery IPO price band is set between ₹230.00 and ₹243.00 per share. The minimum lot size is 61, requiring an investment of at least ₹14823.00.
The Mamata Machinery IPO shares are expected to be listed on 27 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Mamata Machinery IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Mamata Machinery IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.