The initial public offering (IPO) of Mamata Machinery Limited is set to open for subscription from December 19 to December 23, 2024. Here are the critical details:
- Price Band: ₹230-₹243 per share
- Market Lot: 61 shares
- Minimum Investment: ₹14,823
- Issue Size: ₹179.4 crore (approx.)
- Retail Portion: 35%
- Retail Forms Available: 42,357
- HNI Small Forms: 432
- HNI Big Forms: 864
- Face Value: ₹10 per share
IPO Structure and Timeline:
The IPO is a pure offer for sale (OFS), with 7.38 million shares being offloaded by promoters and existing shareholders. At the upper price band, the issue is expected to raise ₹179.39 crore.
- Anchor Investor Bidding: December 18, 2024
- Allotment Finalization: December 24, 2024
- Refunds and Demat Credit: December 26, 2024
- Listing Date: December 27, 2024
About Mamata Machinery Limited:
Mamata Machinery Limited is a leading manufacturer and exporter specializing in plastic bag and pouch-making machines, packaging machinery, and extrusion equipment. It provides end-to-end solutions for the FMCG, food, and beverage industries, offering cutting-edge technology and customized solutions.
The company’s key customers include Balaji Wafers, Dass Polymers, Euphoria Packaging, Hershey India, Chitale Foods, and more. Its products are exported to over 75 countries, supported by an extensive international sales network across Europe, South Africa, and Asia. The company also operates two offices in the U.S., located in Bradenton, Florida, and Montgomery, Illinois.
Manufacturing Facilities:
- India: The primary facility in Sanand, Ahmedabad spans 20,662 square meters and features an in-house electronics department, demo center, and fully equipped paint shop.
- U.S.: The facility in Bradenton, Florida focuses on product application development and machine customization for the American market.
Financial Performance:
Mamata Machinery has shown consistent growth in its financials:
- FY24 Revenue: ₹236.61 crore (up from ₹200.87 crore in FY23)
- FY24 Net Profit: ₹36.13 crore (up from ₹22.51 crore in FY23)
Investment Outlook:
While Mamata Machinery is a prominent name in the packaging machinery segment, the IPO’s valuation at the upper price band indicates a premium. High growth potential due to its robust customer base and global presence makes it attractive, but investors should assess the competitive landscape and IPO pricing before investing.
This IPO is expected to garner significant interest from retail and institutional investors alike, given the company’s strong financial track record and expansive market reach.
