Mamata Machinery IPO is a book built issue of Rs 179.39 crores. The issue is entirely an offer for sale of 0.74 crore shares.
Mamata Machinery IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the Mamata Machinery IPO is expected to be finalized on Tuesday, December 24, 2024. Mamata Machinery IPO will list on BSE, NSE with tentative listing date fixed as Friday, December 27, 2024.
Mamata Machinery IPO price band is set at ₹230 to ₹243 per share. The minimum lot size for an application is 61. The minimum amount of investment required by retail investors is ₹14,823. The minimum lot size investment for sNII is 14 lots (854 shares), amounting to ₹2,07,522, and for bNII, it is 68 lots (4,148 shares), amounting to ₹10,07,964.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Mamata Machinery IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Mamata Machinery IPO RHP for detailed information.
Mamata Machinery IPO Details
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹243 per share |
| Lot Size | 61 Shares |
| Total Issue Size | 73,82,340 shares (aggregating up to ₹179.39 Cr) |
| Offer for Sale | 73,82,340 shares of ₹10 (aggregating up to ₹179.39 Cr) |
| Employee Discount | 12.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Mamata Machinery IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Isssue |
Category Reservation Detail Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
Mamata Machinery IPO Anchor Investors Details
Mamata Machinery IPO raises Rs 53.56 crore from anchor investors. Mamata Machinery IPO Anchor bid date is December 18, 2024.
| Bid Date | December 18, 2024 |
| Shares Offered | 22,04,202 |
| Anchor Portion Size (In Cr.) | 53.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 24, 2025 |
Mamata Machinery IPO Timeline (Tentative Schedule)
Mamata Machinery IPO IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
Mamata Machinery IPO Lot Size
Investors can bid for a minimum of 61 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,823 |
| Retail (Max) | 13 | 793 | ₹1,92,699 |
| S-HNI (Min) | 14 | 854 | ₹2,07,522 |
| S-HNI (Max) | 67 | 4,087 | ₹9,93,141 |
| B-HNI (Min) | 68 | 4,148 | ₹10,07,964 |
| Lot Size Calculator | |||
Mamata Machinery IPO Promoter Holding
The promoters of the Company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP and Mamata Management Services LLP.
| Share Holding Pre Issue | 92.45% |
| Share Holding Post Issue |
About Mamata Machinery Limited
Incorporated in April 1979, Mamata Machinery Limited manufactures and exports machines for making plastic bags, pouches, packaging, and extrusion equipment. The company provides manufacturing solutions for the packaging industry.
The company caters to FMCG, Food, & Beverage industries. The company’s customers include Balaji Wafers Private Limited, Dass Polymers Private Limited, Jflexy Packaging Private Limited, Euphoria Packaging Private Limited, Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Private Limited, Dhalumal Packaging Industries LLC, Laxmi Snacks Private Limited, Ganges Jute Private Limited, Western India Cashew Company Private Limited and N. N. Print & Pack Private Limited and Gits Food Products Private Limited and Emirates National Factory for Plastic Ind LLC.
As of May 31, 2024, the company has exported machines to over 75 countries. The company has international offices in Bradenton, Florida, and Montgomery, Illinois, as well as sales agents in over five countries across Europe, South Africa, and Asia..
The company has two machine manufacturing facilities, one in India and one in the USA.
As of May 31, 2024, the company employs 87 skilled engineers and application experts in electronics, mechanics, software, and design.
Competitive Strength
- A major exporter of machinery and equipment for bag and pouch making, packaging, and co-extrusion blown film machinery and attachments.
- Advanced manufacturing tools and material knowledge to customize systems and products based on customers’ needs.
- Customer-centric operations, with an extensive global sales and distribution network.
- Experienced Management Team
Company Financials
Mamata Machinery Limited Financial Information (Restated)
Mamata Machinery Limited’s revenue increased by 14.84% and profit after tax (PAT) rose by 60.52% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 240.85 | 237.49 | 228.47 | 216.33 |
| Revenue | 29.19 | 241.31 | 210.13 | 196.57 |
| Profit After Tax | 0.22 | 36.13 | 22.51 | 21.70 |
| Net Worth | 132.82 | 131.88 | 127.38 | 103.56 |
| Total Borrowing | 4.34 | 11.60 | 18.63 | 20.86 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.76% |
| ROCE | 31.29% |
| Debt/Equity | 0.09 |
| RoNW | 27.39% |
| PAT Margin | 15.27 |
Check Mamata Machinery IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 16.59 |
Objects of the Issue (Mamata Machinery IPO Objectives)
The Company will not receive any proceeds from the Offer (the ” Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders post deduction of Offer-related expenses to be borne by the Selling Shareholders.
Mamata Machinery IPO Review (Apply)
[Dilip Davda] The company is enjoying a niche place in innovative plastic bags and pouch making machines, packaging machines, and extrusion equipment. It is a global player and has manufacturing unit in US to supply neighboring countries. It marked steady growth in its top and bottom lines for FY22-FY24. While based on Q1-FY25 the issue appears costly, but historically the first half is a lean period for them. They always have better second half. The management is confident of maintaining the growth trends posted. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for medium to long term. Read detail review…
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Mamata Machinery IPO Prospectus
Mamata Machinery Limited Contact Details
Mamata Machinery Limited
Survey No. 423/P, Sarkhej-Bavla Road
N.H No. 8A
Moraiya, Sanand, Ahmedabad– 382213,
Phone: 02717–630 800/801
Email: investor@mamata.com
Website: https://www.mamata.com/
Mamata Machinery IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mamatamachinery.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html