Mamata Machinery IPO Anchor Allocation at 29.86%

Mamata Machinery IPO saw a robust response from anchor investors, with 29.86% of the total IPO size subscribed by them. Out of the 7,382,429 shares on offer, anchor investors picked up 2,204,202 shares, reflecting strong confidence in the company’s prospects. The anchor allocation details were disclosed to the stock exchanges on December 18, 2024, ahead of the IPO opening on December 19, 2024.

The book-built issue of ₹179.39 crores is entirely an offer for sale of 73,82,340 shares. The price band is set at ₹230 to ₹243 per share, with a face value of ₹10 per share. The minimum investment required by retail investors is ₹14,823, equivalent to one lot of 61 shares. Employees of the company are offered a discount of ₹12 per share, further adding to the IPO’s appeal.

The anchor allocation process, conducted on December 18, 2024, saw substantial interest from institutional investors, with the entire allocation made at the upper end of the price band, ₹243 per share. This underscores the strong demand for the company’s shares and highlights confidence in its operational and financial strength.

The overall allocation of Mamata Machinery IPO across categories is as follows:

Notably, the 2,204,202 shares allocated to anchor investors were deducted from the Qualified Institutional Buyers (QIB) quota. This ensures compliance with regulatory norms, maintaining a balanced distribution.

The lock-in period for anchor investors is an essential mechanism to stabilize the stock price post-listing. For Mamata Machinery IPO, the lock-in details are as follows:

• 50% of Shares Lock-In Period: January 23, 2025
• Remaining Shares Lock-In Period: March 24, 2025

These lock-in requirements ensure that anchor investors retain their holdings for a specified duration, providing stability to the stock’s performance after listing.
 

Anchor Investors in Mamata Machinery IPO

Anchor investors play a pivotal role in boosting market confidence and aiding price discovery during an IPO. On December 18, 2024, Mamata Machinery IPO completed its anchor allocation process, raising ₹53.56 crore by allotting 2,204,202 shares to anchor investors at the upper price band of ₹243 per share. The anchor allocation witnessed participation from prominent institutional investors, showcasing their faith in the company’s potential.

Out of the total anchor allocation, 74.25% (1,635,194 shares) were allocated to domestic mutual funds through 12 schemes. This overwhelming response from key investors highlights the company’s credibility and strong market positioning.

Key IPO Details:

• IPO Size: ₹179.39 crores
• Shares Allocated to Anchors: 2,204,202
• Anchor Subscription Percentage: 29.86%
• Listing Date: December 27, 2024
• IPO Opening Date: December 19, 2024
• Employee Discount: ₹12 per share

About Mamata Machinery Limited and How to Apply for Mamata Machinery IPO

Incorporated in 1979, Mamata Machinery Limited is a leading manufacturer and exporter of machinery for making plastic bags, pouches, packaging solutions, and extrusion equipment. The company serves a wide range of industries, including FMCG, food and beverages, and industrial packaging. With over four decades of expertise, Mamata Machinery is recognised for its innovative and customer-centric manufacturing solutions.

The company caters to prestigious clients such as Balaji Wafers, Chitale Foods, Laxmi Snacks, and Emirates National Factory for Plastic Industries, among others. As of May 31, 2024, the company has exported machines to over 75 countries and maintains international offices in the USA, alongside a robust sales network in Europe, South Africa, and Asia.

Mamata Machinery operates two state-of-the-art manufacturing facilities—one in India and another in the USA. With a team of 87 skilled engineers and a focus on advanced manufacturing tools, the company has established itself as a global leader in the packaging machinery sector.

To apply for Mamata Machinery IPO, retail investors can bid for a minimum lot size of 61 shares within the price band of ₹230 to ₹243 per share. Applications can be made through online trading platforms or registered brokers. For employees, a discounted rate of ₹12 per share is applicable for up to ₹5 lakh of investment.