Mamata Machinery IPO - Day 3 Subscription at 68.55 Times

Mamata Machinery's initial public offering (IPO) has received exceptional investor interest over the three-day period. The IPO witnessed strong growth in demand, with subscription rates growing from 16.7 times on day one, to 38.86 times on day two, and reaching 68.55 times by 11:49 AM on the final day.

Mamata Machinery IPO, which opened on 19th December 2024, has seen robust participation across categories. The Retail Investors segment has shown outstanding interest, reaching 79.03 times subscription, while Non-Institutional Investors achieved remarkable subscriptions at 124.7 times. The QIB portion stands at 7.71 times.

This strong response comes amid positive sentiment in the Indian stock market, particularly towards companies in the machinery manufacturing sector.
 

Subscription Status of Mamata Machinery IPO:

*As of 11:49 AM

Here are the subscription details for Mamata Machinery IPO as of Day 3 (23rd December 2024, 11:49 AM):

Total Applications: 33,19,111

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.

Mamata Machinery IPO Key Highlights Day 3

• Overall subscription reached 68.55 times on the final day
• Retail investors showed strong interest with 79.03 times subscription, worth ₹4,938.41 crores
• Non-Institutional Investors achieved exceptional subscription at 124.7 times
• QIB portion reached 7.71 times subscription
• Total bids received for 35.49 crore shares worth ₹8,625.48 crores
• Applications reached 33,19,111, showing broad-based interest
• Strong investor confidence evident across categories
• The NII segment showed remarkable oversubscription
• Final day response demonstrated robust momentum

Mamata Machinery IPO - Day 2 Subscription at 38.86 Times

Key Highlights:

• Overall subscription reached 38.86 times
• Retail investors showed strong interest with 52.96 times subscription
• Non-institutional investors increased to 50.88 times
• QIB portion improved to 4.74 times
• Day two witnessed accelerated participation
• Employee portion reached 56.69 times subscription
• The subscription trend indicated growing investor confidence
• Market response showed strong momentum
• All segments demonstrated significant growth

Mamata Machinery IPO - Day 1 Subscription at 16.7 Times

Key Highlights:

• Overall subscription opened strong at 16.7 times
• Retail investors led with 24.23 times subscription
• Non-institutional investors showed robust interest at 18.99 times
• QIB portion started at 1.51 times
• Employee segment showed strong interest at 29.08 times
• Opening day witnessed exceptional response
• Initial momentum indicated strong market confidence
• Day one subscription exceeded expectations
• Market response suggested strong investor appetite

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.