Mamata Machinery IPO: Key Details, Dates, and Investment Insights
Mamata Machinery Launches IPO to Raise ₹179.39 Crores via OFS
Mamata Machinery, a leader in manufacturing and exporting plastic packaging machinery, is set to launch its Initial Public Offering (IPO). The IPO aims to raise ₹179.39 crores through an Offer for Sale (OFS) of 7,382,340 equity shares by existing shareholders. No new shares will be issued, and the proceeds will go directly to the selling shareholders, not the company.
Key IPO Details
Timeline
- Opens: December 19, 2024
- Closes: December 23, 2024
- Allotment Finalization: December 24, 2024
- Listing Date: December 27, 2024 (BSE & NSE)
Pricing
- Price Band: ₹230 to ₹243 per share
- Face Value: ₹10 per share
- Employee Discount: ₹12 per share
Investor Quotas
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
Minimum Investment for Retail Investors
- 1 Lot (61 Shares): ₹14,823
- 13 Lots (793 Shares): ₹192,699
Financial Performance
Mamata Machinery has shown consistent growth:
- Revenue: ₹192.25 crores (2022) → ₹200.87 crores (2023)
- Profit: ₹21.70 crores (2022) → ₹22.51 crores (2023)
For more details, refer to the company’s financial reports.
Valuation Metrics
- Return on Equity (ROE): 19.41%
- Return on Capital Employed (ROCE): 15.71%
- Industry peers include Rajoo Engineers, Windsor Machines, and Kabra Extrusion Technik, where Mamata Machinery holds a competitive edge.