Mamata Machinery Limited Ltd is all set to hit the public market with its IPO opening for subscription on December 19, 2024. The company has a strong reputation in the packaging machinery sector. The IPO offers an exciting investment opportunity to investors looking to diversify their portfolio.
Purpose of the IPO
The IPO is purely an Offer for Sale (OFS), where 7,382,340 equity shares will be sold by existing shareholders.
Company Overview – Mamata Machinery Limited Ltd
Mamata Machinery specializes in manufacturing and exporting advanced packaging machinery, including bag and pouch-making machines. These machines are widely used in FMCG, food, e-commerce, and garment packaging. The company serves over 75 countries and in India is a supplier to clients such as Balaji Wafers, Gits Food Products, and Dass Polymers.
History of the Company
The company was founded in the year 1989 and has grown to be significant player in the packaging. In 2003, it expanded to the U.S. with its subsidiary, Mamata Enterprises Inc.
Owners
Promoters:
- Mr. Narendra Patel – A key promoter and driving force behind the company, with decades of experience in the machinery and manufacturing sector.
- Mr. Bhavesh Patel – Co-promoter, instrumental in scaling the company’s global presence.
IPO Details
- Name: Mamata Machinery Limited Ltd IPO
- Issue Type: OFS
- IPO Open Date: December 19, 2024
- IPO Close Date: December 23, 2024
- Price Band: ₹230-243
- Lot Size: 61 shares
- Issue Size: ₹179.39 crores
- Listing Date: December 27, 2024
- Listing Exchanges: NSE and BSE
- Quotas:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
Financial Overview as on March 31, 2024
- Revenue (FY24): ₹241.31 crores
- Profit After Tax (FY24): ₹36.13 crores
- Debt to Equity Ratio: 0.09
- ROE: 27.76%
EBITDA Margin: 15.27%
The company’s financial performance
Sector & Industry Overview
Mamata Machinery is a major player in the packaging machinery segment, it serves industries like FMCG and food packaging. These industries have seen robust growth due to increasing consumption and e-commerce penetration. The sector’s demand outlook remains strong.
Growth Prospects
The company aims to leverage its strong product portfolio to expand its market reach which includes expanding its global presence.
Risk Factors
Potential risks include raw material price volatility, competition from global manufacturers, and dependence on a few key clients.
Grey Market Premium (GMP)
The GMP currently fluctuates between ₹15-₹20 per share, reflecting moderate investor demand.
How to Check Allotment Status?
The allotment status could be checked on the official website of the registrar Link Intime India Pvt Ltd. Keep the PAN number, demat number or application number handy while checking the allotment status.
Conclusion
Mamata Machinery Limited Ltd IPO presents an attractive investment opportunity in the growing packaging machinery sector. With strong financials and industry potential, the IPO is worth considering for long-term value. Stay updated on the subscription and listing details to make an informed decision.
FAQs About Mamata Machinery Limited Ltd IPO
1. What is the purpose of Mamata Machinery Limited Ltd’s IPO?
The IPO is purely an Offer for Sale (OFS), it means the existing shareholders are selling part of their equity. No fresh shares are being issued.
2. When is the IPO open for subscription?
The IPO is open for subscription from December 19, 2024, to December 23, 2024.
3. What is the price band for the IPO?
The price band for the IPO is ₹230-243.
4. What is the lot size for retail investors?
The lot size for retail investors is 61 shares. They can apply in multiples of this lot.
5. What does the company Mamata Machinery Limited Ltd do?
Mamata Machinery specializes in manufacturing and exporting advanced packaging machinery, including bag and pouch-making machines. These machines are widely used in FMCG, food, e-commerce, and garment packaging.
6. Who are the promoters of Mamata Machinery?
Promoters:
1. Mr. Narendra Patel – A key promoter and driving force behind the company, with decades of experience in the machinery and manufacturing sector.
2. Mr. Bhavesh Patel – Co-promoter, instrumental in scaling the company’s global presence.
7. What is the Grey Market Premium (GMP) for the IPO of Mamata Machinery?
The GMP is currently fluctuating between ₹15-₹20 per share, reflecting moderate investor demand.
8. Where will Mamata Machinery be listed?
The company will be listed on NSE &BSE on December 27, 2024.
9. How can I check the allotment status for the IPO?
Visit the official registrar’s website, Link Intime India Pvt Ltd, and use your PAN number, demat account number, or application number to check the status.