Mamata Machinery was incorporated on April 17, 1979. The company manufactures and exports plastic bag, pouch-making machines, packaging machines, and extrusion equipment.
| Bidding Dates |
|---|
| 19 Dec 2024 - 23 Dec 2024 |
| Subscription |
|---|
| 194.95x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,030 | 1 | 13 | 61 | 7.4 M | ₹230 - ₹243 | 62.45 % | ₹1697.9 M - ₹1793.9 M | RHP DOC |
Mamata Machinery Ltd. IPO SUBSCRIPTION STATUS
23 Dec '24Mamata Machinery Ltd. IPO overall subscription rate was 194.95 times the total available shares
Mamata Machinery Ltd. IPO retail subscription rate was 138.08 times in the retail segment
Mamata Machinery Ltd. IPO non-institutional investor subscription rate was 274.38 times in the non-institutional investor category
Mamata Machinery Ltd. IPO Qualified Institutional Bidder subscription rate was 235.88 times the available shares for Qualified Institutional Bidder
Mamata Machinery Ltd. IPO Employees subscription rate was 153.27 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
23 Dec 2024 (Day 3) | 138.08x | 274.38x | 235.88x | 153.27x |
20 Dec 2024 (Day 2) | 51.03x | 50.23x | 4.74x | 54.31x |
19 Dec 2024 (Day 1) | 23.84x | 18.87x | 1.51x | 28.7x |
Mamata Machinery Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 2.2 | 276.2 | -18.1 | -20.7 | -1.1% |
| FY24 | 361.3 | 2,366.1 | 193.7 | 181.8 | 19.9% |
| FY23 | 225.1 | 2,008.7 | 171.7 | 164.0 | 11.8% |
| FY22 | 217.0 | 1,922.5 | 371.9 | 361.3 | 15.6% |
Mamata Machinery Ltd. IPO SUBSCRIPTION STATUS DETAILS
Mamata Machinery Ltd. had 7.4 M shares on offer
Mamata Machinery Ltd. IPO offer price was in the range ₹230 - ₹243
Mamata Machinery Ltd. IPO minimum Investment was ₹14030
Mamata Machinery Ltd. IPO issue size was ₹ 1697.9 M - ₹ 1793.9 M
Mamata Machinery Ltd. had a minimum lot size of 61 Shares per application
Mamata Machinery Ltd. NUMBER OF SHARES ON OFFER
Mamata Machinery Ltd. IPO IMPORTANT DATES
| Issue Open Date | 19 Dec 2024 |
| Issue close Date | 23 Dec 2024 |
| Allotment Date | 24 Dec 2024 |
| Refund Date | 26 Dec 2024 |
| Demat Account Credit Date | 26 Dec 2024 |
| Listing Date | 27 Dec 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Mamata Machinery Ltd. Allotment Status | Exchange |
Mamata Machinery Ltd. IPO subscription opened on 19 Dec 2024, and closed on 23 Dec 2024
IPO allotment for Mamata Machinery Ltd. was finalized on Tuesday, 24 Dec 2024
IPO listing for Mamata Machinery Ltd. was on NSE and BSE on Friday, 27 Dec 2024
Mamata Machinery Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 243.0 |
| Listing Open Price | 600.0 |
| Listing Close Price | 630.0 |
| Listing Gain% | 146.9% |
| Current Gain% | 76.2% |
Mamata Machinery Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mamata Machinery Ltd. | 428.2 | 1053.7 | 70 | -1.1 | 4.5 | 8.1 | 5.6 | 238.7 | -8 | 15.1 | -63.1 | 6.1 | -63.1 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Mamata Machinery Ltd. IPO Reports
Mamata Machinery Ltd. INFORMATION ON IPO ISSUE
About Mamata Machinery Ltd.
Mamata Machinery was incorporated on April 17, 1979. The company manufactures and exports plastic bag, pouch-making machines, packaging machines, and extrusion equipment.
Object of the Issue
- To carry out the offer for sale of up to 7,382,340 equity shares by the selling shareholders.
- Achieve the benefits of listing equity shares on the stock exchanges.
Mamata Machinery Ltd. - PROMOTERS
| Name |
|---|
| Mahendra Patel |
| Chandrakant Patel |
| Nayana Patel |
| Bhagvati Patel |
| Mamata Group Corporate Services LLP |
| Mamata Management Services LLP |
Mamata Machinery Ltd. Book Running Lead Managers
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Mamata Machinery Ltd. Registrar to the Issue
Link Intime India Private Limited
mamatamachinery.ipo@linkintime.co.in
Mamata Machinery Ltd. Strengths
Advanced manufacturing infrastructure
The company's manufacturing facilities include customer demonstration centres, design and development centres, electrical manufacturing capabilities, painting, assembly, and testing capabilities
Customer-centric operations
The company has a customer base in over 75 countries comprising both end customer brands and conversion players. It sells products in India and overseas through the sales team and selling agents. The company's network in these locations allows it to service and grow in these markets efficiently
Technology-driven operations
The company has developed in-house capabilities to deliver evolving technologies and continues to invest in design and development. The company can offer industry 4.0 certified machines category recognized for significant advancements in machine learning
Mamata Machinery Ltd. Risks
Dependent on the performance of the FMCG sector
The company is heavily dependent on the performance of the FMCG, food & beverage, and consumer industries. Any slowdown in these end-use industries or any other adverse changes in the conditions affecting the plastic processing and converting and packaging machines market can adversely impact the business
High Competition
The company faces significant competitive pressures in the industry. The key players in the industry include UFlex, Smart Pack India, Nichrome India, XL Plastics Galaxy PackTech, and Harikrushna Machines among others. The company's inability to compete effectively would be detrimental to its business and prospects for future growth
Foreign currency fluctuation risks
The company is exposed to foreign currency fluctuation risks, particularly in relation to the import of raw materials and export of products, which may adversely affect its results of operations, financial condition and cash flows
IPO FAQs
This IPO consists of an offer for sale of up to Rs 179.4 crore, of 7,382,340 shares.
The promoters of the company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP and Mamata Management Services LLP.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 230.0 - 243.0.
The IPO application opens on Dec 19, 2024 and closes on Dec 23, 2024.
The minimum lot size for the IPO is 61. The maximum lot size for the IPO is 793.
For all category investors, the minimum application amount for this IPO is Rs. 14,030.0, the maximum value for this IPO is Rs 192,699.0.
This IPO will be allotted on Dec 24, 2024.
The refund will be credited to your account on Dec 26, 2024.
The allotted shares will be credited to your demat on Dec 26, 2024.
Mamata Machinery Ltd.’s shares listed on the stock exchanges on Dec 27, 2024.