Mamata Machinery IPO

NiftyTrader • December 13, 2024

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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.

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 Details

IPO Date	December 19, 2024 to December 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹230 to ₹243 per share
Lot Size	61 Shares
Total Issue Size	7,382,340 shares (aggregating up to ₹179.39 Cr)
Fresh Issue	7,382,340 shares (aggregating up to ₹179.39 Cr)
Employee Discount	Rs 12 per share
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

Mamata Machinery IPO 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
Retail (Min)	1	61	₹14,823
Retail (Max)	13	793	₹192,699
S-HNI (Min)	14	854	₹207,522
S-HNI (Max)	67	4,087	₹993,141
B-HNI (Min)	68	4,148	₹1,007,964

Mamata Machinery IPO Objectives

The Company will not receive any proceeds from the Offer (the ” Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders post deduction of Offer-related expenses to be borne by the Selling Shareholders.

About Mamata Machinery

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

Experienced Management Team

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.

Mamata Machinery Financial Information

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	240.85	237.49	228.47	216.33
Revenue	29.19	241.31	210.13	196.57
Profit After Tax	0.22	36.13	22.51	21.70
Net Worth	132.82	131.88	127.38	103.56
Total Borrowing	4.34	11.60	18.63	20.86
				Amount in ₹ Crore

Mamata Machinery IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Mamata Machinery IPO Timeline (Tentative Schedule)

Mamata Machinery IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Isssue

Mamata Machinery IPO Timeline (Tentative Schedule)

Mamata Machinery IPO opens on December 19, 2024, and closes on December 23, 2024.

IPO Open Date	Thursday, December 19, 2024
IPO Close Date	Monday, December 23, 2024
Basis of Allotment	Tuesday, December 24, 2024
Initiation of Refunds	Thursday, December 26, 2024
A credit of Shares to Demat	Thursday, December 26, 2024
Listing Date	Friday, December 27, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 23, 2024