Mamata Machinery IPO - AstroIPO

Mamata Machinery IPO


November 18, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Mamata Machinery Ltd. has announced its IPO with subscriptions starting December 19, 2024. This Manufacturing company sets its IPO price band at ₹230 – ₹243 per share, targeting to raise ₹179.39 crores through its public offering.

The IPO structure includes an offer for sale of 7,382,340 shares (₹179.39 Crores). People can apply for a minimum lot of 61 shares, requiring ₹14,823 at the upper price band. Each share has a face value of ₹10.

The IPO remains open until December 23, 2024, and will list on both BSE and NSE. Through this book-built issue, the company plans to offer a total of 7,382,340 shares to the public.

Mamata Machinery IPO Details

The key details of Mamata Machinery’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹179.39 Cr
Price Range ₹230 - ₹243
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount ₹12 per share
Listing at NSE and BSE
Minimum Quantity 61
Investment (cut-off price) ₹14,823
Pre IPO Promotor Holding 92.45%
Post IPO Promotor Holding Update soon
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Mamata Machinery IPO Timelines

The IPO process for Mamata Machinery includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

19/12/2024
Start Date
23/12/2024
End Date
24/12/2024
Allotment Date View Status
26/12/2024
Refund Initiation
26/12/2024
Credit of Shares to Demat Ac
27/12/2024
Listing Date

Mamata Machinery IPO Lot Size

The Mamata Machinery IPO has a fixed lot size of 61 shares, at an upper price band of ₹243 per share, requiring ₹14,823 per lot for retail investors. Retail investors can apply for a maximum of 793 shares worth ₹192,699. For Small HNI (S-HNI), the minimum application starts at 854 shares (₹207,522) up to 4,087 shares (₹993,141), while Big HNI (B-HNI) requires a minimum of 4,148 shares amounting to ₹1,007,964.

Application Lot Size Shares Amount
Retail Minimum 1 61 ₹14,823
Retail Maximum 13 793 ₹192,699
S-HNI Minimum 14 854 ₹207,522
S-HNI Maximum 67 4087 ₹993,141
B-HNI Minimum 68 4148 ₹1,007,964

Mamata Machinery IPO Subscription Status

The subscription status for Mamata Machinery IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
235.88x 274.38x 138.08x 153.27x 194.95x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹600 ₹630 ₹630 ₹600

Mamata Machinery IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹146.97 ₹131.26 ₹10.45
FY 2022 ₹192.25 ₹167.03 ₹21.70
FY 2023 ₹200.87 ₹181.61 ₹22.51
FY 2024 (9 M) ₹148.25 ₹131.44 ₹14.66

About Company

Mamata Machinery, established in 1989, is a global leader in manufacturing and exporting plastic bag, pouch-making, and extrusion machines, serving industries like FMCG, food, and e-commerce. With over 4,500 machines installed in 75+ countries, including operations in the USA, the company is renowned for its innovative and patented designs. Its products, such as bag, pouch, and blown film machines, prioritize flexibility, user-friendliness, and productivity, helping clients like Balaji Wafers and Gits Food Products maintain a competitive edge. Mamata also offers strong after-sales service, further solidifying its global reputation.

Mamata provides advanced packaging solutions, including the VegaPack M-Series and PFS Series horizontal form-fill-seal (HFFS) pouching machines and vertical multilane sachet packaging machines. These systems are manufactured in its facilities in India and Florida, USA. As the first Indian company to introduce stepper motor drives and microprocessor controllers in plastic bag-making machines, Mamata has consistently pushed the boundaries of innovation. Its commitment to quality, cost-efficiency, and versatility continues to address the evolving needs of the global packaging market.

Incorporation Date Sector Managing Director
1979 Manufacturing Mahendra Patel

Know Before Investing

Mamata Machinery IPO Strengths

  • Mamata Machinery delivers comprehensive packaging solutions, streamlining procurement and building lasting customer trust.
  • Presence in 75+ countries unlocks access to diverse markets and a wide customer base.
  • Patented designs and a skilled team keep Mamata ahead in the competitive packaging industry.
  • ISO certification and an expert workforce ensure premium quality, boosting brand reputation.
  • Facilities in India and the USA enable cost-effective production and swift market responses.

Mamata Machinery IPO Risks

  • Heavy dependence on top 10 customers, contributing 29.19% of revenue, creates potential vulnerabilities in financial stability.
  • Unhedged foreign currency exposure could dent profitability amidst unfavorable exchange rate fluctuations.
  • With raw material costs comprising 48.18% of revenue, price swings could squeeze margins if not transferred to customers.
  • Missing corporate records linked to promoters could spark future legal or regulatory challenges.

Swot Analysis for Mamata Machinery IPO

Strengths

Global Presence, Diverse Product Range, Strong Innovation Focus, Established Client Base

Weaknesses

Customer Concentration Risk, Dependence on Raw Materials, Limited Financial History

Opportunities

Growing Packaging Industry, Expansion Potential, Technological Advancements

Threats

Intense Competition, Regulatory Risks, Economic Volatility

Company Details

MAMATA MACHINERY LIMITED

Survey No. 423/P, Sarkhej-Bavla Road,
N.H No. 8A, Moraiya, Sanand,
Ahmedabad, Gujarat – 382 213, India

E-mail: investor@mamata.com

Telephone: 02717–630 800/801

Website: http://www.mamata.com/

IPO Registar Details

Link Intime India Private Limited

Tel: +91 22 4918 6200

E-mail: mamatamachinery.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

FAQs

The key objectives of Mamata Machinery IPO are:

  • Facilitate the sale of up to 7,382,340 equity shares by the selling shareholders.
  • Gain the benefits of listing equity shares, including increased visibility and market access.

Beeline Capital Advisors Private Limited is the book-running lead managers for the Mamata Machinery IPO.

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