The allotment status for the highly anticipated Mamata Machinery IPO is set to be finalized on Tuesday, December 24, after an exceptional response from investors. The IPO, exclusively an offer-for-sale (OFS), witnessed an overwhelming subscription, reflecting strong market confidence in the company.
Subscription Overview
Mamata Machinery’s ₹179.39 crore IPO was subscribed a record 194.95 times during the three-day bidding period, showcasing robust interest from all categories of investors.
- Non-Institutional Investors (NIIs): Subscribed 274.38 times.
- Qualified Institutional Buyers (QIBs): Subscribed 235.88 times.
- Retail Investors: Subscribed 138.08 times.
According to data from the NSE, the IPO received bids for a staggering 100.94 crore shares, significantly exceeding the 51.78 lakh shares on offer. Before the IPO opened, the company had already raised ₹53.56 crore from anchor investors.
How to Check Mamata Machinery IPO Allotment Status
Investors who applied for the IPO can check the allotment status on the websites of NSE, BSE, and the official registrar, Link Intime India Pvt Ltd.
Steps to Check Allotment Status on NSE
- Visit the NSE bid verification page.
- Log in using your ID and password (or sign up if you are a new user).
- Select Mamata Machinery Ltd from the list of IPO names.
- Enter your application number and PAN details.
- Click on Submit to view your allotment status.
Steps to Check Allotment Status on Link Intime India
- Go to Link Intime India’s IPO Portal.
- Select Mamata Machinery Ltd from the dropdown menu.
- Enter any of the following: PAN, application number, DP ID, or account number.
- Verify the details and click Submit.
Steps to Check Allotment Status on BSE
- Open the BSE IPO Allotment page.
- Input your application number, PAN, and issue type.
- Click Search to access your allotment status.
Mamata Machinery IPO Listing Date
The shares of Mamata Machinery will debut on the stock exchanges, NSE and BSE, on Friday, December 27. The listing is expected to further enhance the company’s visibility and boost liquidity for shareholders.
Key IPO Details
- IPO Type: Offer-for-sale (OFS).
- Price Band: ₹230 to ₹243 per share.
- Proceeds: Since it’s an OFS, the funds will go to selling shareholders.
The company has stated that the objective of the IPO is to leverage the benefits of listing, including improved brand visibility and providing an exit opportunity for existing investors.
About Mamata Machinery
Mamata Machinery is a leading manufacturer of packaging machinery, offering a wide range of products under its Vega and Win brands. With a strong presence in the flexible packaging market, the company is known for its innovative manufacturing solutions catering to diverse industry needs.