Mamata Machinery Share Price, IPO listing Highlights: The IPO is all set to hit the exchanges on December 27. The IPO was subscribed to a total of 194.95 times. The retail investors booked the issue 138.08 times and employees booked it 153.27 times. The QIBs subscribed to the issue 235.88 times.
Mamata Machinery IPO raised Rs 179.39 crore by selling 74 lakh shares of promoters and other selling shareholders. The IPO bidding started on December 19 and ended on December 23. The IPO price band was set at Rs 230 to Rs 243 per equity share. The issue included a reservation of up to 35,000 shares for employees offered at a discount of Rs 12 to the issue price. Beeline Capital Advisors was the book-running lead manager of the IPO, while Link Intime India was the registrar for the issue.
Mamata Machinery Share Price Today, IPO Listing Highlights: Check listing price, IPO GMP, subscription
Mamata Machinery Share Price IPO Listing Live Updates: Shares Rise by 5%
Mamata Machinery's stock closed at Rs 629.95 on the BSE, gaining 4.99%, and at Rs 630 on the NSE, marking a 5% increase.
Mamata Machinery Share Price IPO Listing Live Updates: Stock performance
As of 15:06 PM IST, the shares of the company were trading at Rs 629.95 per share on BSE, and at Rs 630.00 on NSE, hitting the 5% upper circuit limit after its stock market debut.
Mamata Machinery Share Price IPO Listing Live Updates: Mehta Equities' take on IPO
"Considering market sentiments, we recommend conservatively allotted investors to book profits. While long term investors should consider holding it for the long term despite knowing short-term volatility & risk in the markets. As industries increasingly shift toward automation and flexible packaging solutions, Mamata’s strong customer relationships, extensive global distribution network and emphasis on after-sales services enable repeat business and foster brand trust, we believe well-positioned to capitalize on this growth,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
Mamata Machinery Share Price IPO Listing Live Updates: Key risks
The company will see an impact of price fluctuations, material shortages, and supply disruptions on costs, timelines, and financial performance. It also depend on FMCG, food & beverage, and consumer industries, risking it.
"We believe Mamata Machinery IPO brings investors to invest in a player in the packaging machinery industry, known for its precision and automated solutions. We think the company’s strong global presence in markets such as the USA, Europe, Latin America and the Middle East. Mamata caters to high-demand sectors including FMCG, food, pharmaceuticals and e-commerce. Its focus on innovation and sustainable packaging machinery positions it to benefit from the rising demand for recyclable and biodegradable materials, aligning with global sustainability goals," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
Mamata Machinery Share Price IPO Listing Live Updates: Locked in upper circuit
The stock of Mamata Machinery got locked in an upper circuit of 5% at Rs 630 after listing at a premium of 147% on the National Stock Exchange.
Mamata Machinery Share Price IPO Listing Live Updates: Lists at premium
The stock of Mamata Machinery bumper listing as it was listed at a premium of 147% on the National Stock Exchange.
"At the upper price band company is valued at a P/E of 16.6x with a market cap of Rs 597.9 crore post-issue of equity shares and a return on net worth of 27.4% based on FY24. On the valuation front, we believe that the company is fairly priced compared to its peers. Therefore, we recommend a “Subscribe” rating to the IPO," said Anand Rathi Research in an IPO note.
Mamata Machinery Share Price IPO Listing Live Updates: Mehta Equities on IPO
“We believe the demand was on the back of reasonable valuations keeping good listing gains on the table for new investors. Expected listing gain is justified as the company has left something on the table to reward new investors with reasonable valuations. We also believe Mamata Machinery Ltd IPO brings investors to invest in a player in the packaging machinery industry, known for its precision and automated solutions," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
Mamata Machinery Share Price IPO Listing Live Updates: Subscription status
The NIIs subscribed to the issue 274.38 times, the highest among other categories. The IPO was subscribed to a total of 195 times. The retailers booked the issue 138.08 times.
Mamata Machinery Share Price IPO Listing Live Updates: GMP update
The stock of Mamata Machinery was fetching a premium of 107% in the grey market. This indicates that the stock might list around Rs 503 on the exchanges. The grey market is an unofficial place to trade shares ahead of listing.