The eagerly awaited Mamata Machinery IPO is set to hit the market in December 2024. Investors are keen to dive into this promising opportunity in the industrial machinery sector. Here’s a comprehensive guide to the Mamata Machinery IPO, covering its date, price, GMP, review, and more.
Mamata Machinery IPO Details
| Attribute | Details |
|---|---|
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| 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 Timeline (Tentative Schedule)
| Event | Date |
| 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 apply for a minimum of 61 shares and in multiples thereof. Below is the investment breakdown for retail and HNI investors:
| 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 |
Mamata Machinery IPO Reservation
The Mamata Machinery IPO offers 73,82,429 shares, divided across different investor categories as follows:
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares | 22,04,202 (29.86%) | NA |
| QIB Shares Offered | 14,69,557 (19.91%) | NA |
| NII (HNI) Shares Offered | 11,02,101 (14.93%) | |
| • bNII > ₹10L | 7,34,734 (9.95%) | 860 |
| • sNII < ₹10L | 3,67,367 (4.98%) | 430 |
| Retail Shares Offered | 25,71,569 (34.83%) | 42,156 |
| Employee Shares Offered | 35,000 (0.47%) | NA |
| Total Shares Offered | 73,82,429 (100%) |
Why Invest in Mamata Machinery IPO?
Strengths:
- Established Market Presence: Mamata Machinery is a leader in the industrial machinery sector, boasting a significant market share.
- Strong Financials: The company’s revenue growth and profitability reflect robust business performance.
- Future Growth Potential: Proceeds from the IPO will be used for strategic initiatives like debt reduction and facility expansion.
Risks:
- Sector-Specific Challenges: Being a capital-intensive sector, any economic downturns may impact operations.
- Market Volatility: IPO performance is subject to overall market conditions during listing.
Conclusion
The Mamata Machinery IPO provides a promising investment opportunity in a well-established company with a robust growth outlook. Retail and institutional investors are encouraged to review the details, assess market conditions, and consider participating in this highly anticipated IPO. With its balanced pricing and strategic objectives, the Mamata Machinery IPO is poised to attract strong demand.
FAQs about Mamata Machinery IPO
1. When does the Mamata Machinery IPO open and close?
The IPO opens on December 19, 2024, and closes on December 23, 2024.
2. What is the price band for Mamata Machinery IPO?
The price band is set between ₹230 and ₹243 per share.
3. What is the lot size for the Mamata Machinery IPO?
The minimum lot size is 61 shares. Retail investors can apply for a maximum of 13 lots (793 shares).
4. When will the shares be credited to my demat account?
The shares will be credited to successful applicants’ demat accounts on December 26, 2024.
5. What is the total issue size of the Mamata Machinery IPO?
The total issue size is 73,82,340 shares, aggregating up to ₹179.39 crore.
6. Is there an employee discount in this IPO?
Yes, employees are offered a discount of ₹12 per share.
7. Where will the Mamata Machinery IPO be listed?
The IPO will be listed on both BSE and NSE.
8. How are the shares reserved for different investor categories?
Shares are allocated as follows:
*Anchor Investors: 22,04,202 shares (29.86%)
*QIB: 14,69,557 shares (19.91%)
*NII (HNI): 11,02,101 shares (14.93%)
*Retail Investors: 25,71,569 shares (34.83%)
*Employees: 35,000 shares (0.47%)
9. What are the key strengths of Mamata Machinery?
Mamata Machinery is known for its strong market presence, financial performance, and strategic growth plans.
10. What are the risks associated with investing in this IPO?
The main risks include sector-specific challenges and market volatility during the listing phase.
My name is Akash Yadav, and I am passionate about the world of stock market trading. With over three years of hands-on experience in trading, I have gained a wealth of knowledge and insights into the ever-evolving financial markets.
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