Investors of the Mamata Machinery IPO have raised concerns over the delay in the allotment status update on the registrar’s website. While the tentative schedule for the IPO indicated the allotment status would be available on December 24, 2024, many investors have reported that the status is yet to be updated. Here’s a detailed analysis of the IPO and potential reasons for the delay.
Mamata Machinery IPO details
- Subscription: The IPO was oversubscribed by 194.95 times as of the final bidding day, December 23, 2024.
- QIB category: Subscribed 235.88 times.
- NII category: Subscribed 274.38 times.
- bNII (above ₹10L): 222.71 times.
- sNII (below ₹10L): 377.72 times.
- Retail category: Subscribed 138.08 times.
- Employee category: Subscribed 153.27 times.
- Total applications: 49,18,086.
- Shares offered: 51,78,227.
- Shares bid for: 1,00,94,81,802.
IPO timeline
- IPO open date: December 19, 2024.
- IPO close date: December 23, 2024.
- Basis of allotment: December 24, 2024 (tentative).
- Initiation of refunds: December 26, 2024.
- Credit of shares to demat accounts: December 26, 2024.
- Listing date: December 27, 2024.
Possible reasons for the delay
- High subscription numbers: The significant oversubscription across all categories, especially QIB and NII, may have extended the processing time for validating applications and determining allotments.
- Technical challenges: The registrar’s website could be experiencing technical glitches or capacity constraints, especially with multiple high-profile IPOs running concurrently.
- Verification process: Ensuring that all bids are compliant with regulatory norms and UPI mandate confirmations may have introduced delays.
- Concurrent IPOs: Other IPOs handled by the same registrar, such as Transrail Lighting, may also be contributing to operational delays.
Investors’ observations
Some investors have started receiving debit messages from their banks, indicating that the allotment process may have begun and updates could be available on the registrar’s website soon. This suggests that the delay might be temporary and that the status will be live shortly.
https://x.com/TheEquityBuzz/status/1871792432779870678
https://x.com/KK_Asthana/status/1871793031034335622
https://x.com/anshul_bansal1/status/1871793024671572099
Investors can check the allotment status on the Link Intime website once it is updated.
