Mamata Machinery IPO - Day 1 Subscription at 3.65 Times

The opening day of Mamata Machinery's initial public offering has demonstrated exceptional investor enthusiasm, with overall subscription reaching 3.65 times by 11:20 AM on December 19, 2024. What makes this initial response particularly noteworthy is the strong employee participation at 8.70 times, suggesting significant internal confidence in the company's growth trajectory as a global manufacturer of packaging machinery.

Mamata Machinery IPO subscription pattern reveals robust interest across investor categories, with retail investors showing substantial confidence at 5.85 times subscription. The Non-Institutional Investors have demonstrated strong participation at 3.20 times, with smaller NIIs showing remarkable conviction at 6.79 times compared to larger NIIs at 1.41 times. While the QIB portion is yet to see significant participation, this is characteristic of institutional investors who often take a measured approach during the initial hours.

Subscription Status of Mamata Machinery IPO:

*As of 11:20 AM

Here are the subscription details for Mamata Machinery IPO as of Day 1 (19th December 2024, 11:20 AM):
 

Total Applications: 2,29,019

Key Highlights:

• Overall subscription soared to 3.65 times, demonstrating exceptional investor confidence
• Employee participation stands out at 8.70 times, indicating strong internal belief in growth prospects
• Retail investors showed remarkable interest with 5.85 times subscription, worth ₹365.397 crores
• NII category demonstrated robust participation at 3.20 times, with particularly strong sNII interest at 6.79 times
• Strong anchor book of ₹53.562 crores provides institutional backing
• Total bids received for 1.88 crore shares worth ₹458.705 crores
• Applications reached 2,29,019, showing widespread market interest
• Opening day response reflects strong confidence in manufacturing sector potential

About Mamata Machinery Limited:

Established in April 1979, Mamata Machinery Limited has evolved into a global leader in manufacturing machinery for plastic bags, pouches, packaging, and extrusion equipment. Their comprehensive product portfolio serves diverse industries including FMCG, Food, and Beverage sectors, with an impressive global footprint extending to over 75 countries as of May 2024.

The company maintains a strong international presence with manufacturing facilities in both India and the USA, supported by international offices in Florida and Illinois, and sales agents across Europe, South Africa, and Asia. Their technical expertise is reflected in their team of 87 skilled engineers specializing in electronics, mechanics, software, and design. The company has demonstrated robust financial performance, achieving 14.84% revenue growth and 60.52% PAT increase between FY2023 and FY2024, underlining their strong market position in the global packaging machinery sector.

Highlights of the Mamata Machinery IPO:

• IPO type: Book Built Issue
• IPO size: ₹179.39 crores
• Complete Offer for Sale: 0.74 crore shares
• Face value: ₹10 per share
• Price band: ₹230 to ₹243 per share
• Lot size: 61 shares
• Minimum investment for retail investors: ₹14,823
• Minimum investment for sNII: ₹2,07,522 (14 lots)
• Minimum investment for bNII: ₹10,07,964 (68 lots)
• Employee reservation: 35,000 shares with ₹12 discount
• Listing at: BSE, NSE
• IPO opens: December 19, 2024
• IPO closes: December 23, 2024
• Allotment date: December 24, 2024
• Refund initiation: December 26, 2024
• Credit of shares: December 26, 2024
• Listing date: December 27, 2024
• Lead Manager: Beeline Capital Advisors Pvt Ltd
• Registrar: Link Intime India Private Ltd

The strong first-day subscription pattern suggests robust market confidence in Mamata Machinery's global presence, technical capabilities, and growth potential in the packaging machinery sector.