Mamata Machinery Limited made a remarkable debut on the stock market today, listing at ₹600 on the National Stock Exchange (NSE), a staggering 146.91% premium over its issue price of ₹243 per share. The robust listing highlights the strong investor demand for the IPO.
IPO Details and Performance
- IPO Price Band: ₹230 – ₹243 per share
- Lot Size: 61 shares
- Total Issue Size: 73,82,340 shares, aggregating up to ₹179.39 crore.
- Subscription: The IPO was subscribed an impressive 194.95 times, with strong interest across categories:
- Qualified Institutional Buyers (QIBs): Subscribed 235.88 times
- Non-Institutional Investors (NII): Subscribed 274.38 times
- Retail Investors: Subscribed 138.08 times
Market Debut
The shares opened at ₹600 on NSE, gaining ₹357 over the upper price band of ₹243, delivering a listing premium of 146.91%. This stellar performance positions Mamata Machinery among the top-performing IPOs of the year.
Disclaimer: This article is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.
