Mamata Machinery IPO Allotment Status Likely Finalized on December 24
Mamata Machinery IPO allotment status is expected to be finalized on Tuesday, December 24, following a highly successful subscription that garnered overwhelming interest from investors.
Investors who applied for the Mamata Machinery IPO can check their allotment status online via the websites of the NSE, the BSE, or the official registrar, Link Intime India Pvt Ltd.
Subscription Highlights
The IPO of the packaging machinery manufacturer achieved an extraordinary 194.95 times subscription during the three-day bidding period.
According to NSE data, the ₹179.39-crore offer received bids for 100.94 crore shares against the 51.78 lakh shares on offer. This remarkable demand was driven by:
- Non-institutional investors (NII): Subscribed 274.38 times
- Qualified institutional buyers (QIB): Subscribed 235.88 times
- Retail investors: Subscribed 138.08 times
Prior to the IPO, Mamata Machinery raised ₹53.56 crore from anchor investors.
How to Check Mamata Machinery IPO Allotment Status
On the NSE Website
- Visit the bid verification page of NSE here.
- Log in using your ID and password, or sign up if you’re a new user.
- Select “Mamata Machinery Ltd” from the list of IPO names.
- Enter your application number and PAN details.
- Click the Submit button to view your allotment status.
On the BSE Website
Investors can also check their IPO allotment status via the BSE portal. Follow the standard steps to access the allotment details for “Mamata Machinery IPO.”
On Link Intime India Website
- Visit the Link Intime India website: https://linkintime.co.in/initial_offer/public-issues.html.
- Select “Mamata Machinery Ltd” from the drop-down menu.
- Enter any of the following details:
- PAN
- Application number
- DP ID or account number
- Provide the relevant information for verification.
- Click the Submit button to view your status.
Mamata Machinery IPO Listing Date
The shares of Mamata Machinery are scheduled to be listed on both the NSE and the BSE on Friday, December 27.
Key Details of the IPO
Mamata Machinery’s IPO was exclusively an offer-for-sale (OFS), with no fresh issue component. The price range for the IPO was set at ₹230 to ₹243 per share. Since it is an OFS, the proceeds from the IPO will go directly to the selling shareholders.
The company has expressed that the primary objectives of the IPO include:
- Enhancing the company’s brand image and visibility.
- Providing liquidity to existing shareholders.
- Leveraging the advantages of being listed on stock exchanges.
About Mamata Machinery
Mamata Machinery is a prominent manufacturing solutions provider in the packaging industry. The company sells its machinery under the “Vega” and “Win” brand names, offering a wide range of products tailored to the flexible packaging market.
With its IPO and subsequent listing, Mamata Machinery aims to further solidify its market presence and drive future growth in the packaging solutions sector.