Thu Dec 19 13:48:32 UTC 2024: **Mamata Machinery IPO Oversubscribed on Day 1; Crypto Market Updates Available on Moneycontrol**
MUMBAI, INDIA – December 20, 2024 – Packaging machinery manufacturer Mamata Machinery Ltd.’s initial public offering (IPO) saw an overwhelmingly positive response on its first day, exceeding expectations with a 16.48 times overall subscription. The ₹179 crore IPO received bids for 8.53 crore shares, significantly surpassing the 51.78 lakh shares on offer. Retail investors demonstrated particularly strong interest, with nearly 24 times oversubscription for their allocated portion. Non-institutional investors subscribed nearly 19 times, while Qualified Institutional Buyers (QIBs) subscribed 151%. The IPO, which consists entirely of an Offer For Sale (OFS) by promoters, is set to conclude on December 23rd, with listing expected on December 27th on the BSE and NSE. The company, which sells machines under the ‘Vega’ and ‘Win’ brands, secured ₹53.56 crore from anchor investors prior to the IPO opening.
In other news, Moneycontrol continues to provide updates on the latest crypto market trends, including top gainers and losers. The platform also features information on the Traders Gurukul’s “BOTS” (India’s Largest Regional Retail Option Traders Summit), held on the 2nd or 3rd Sunday of each month across major Indian cities. Moneycontrol users can access comprehensive financial news, market analysis, and personal finance tools through its website and app.
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