Fri Dec 20 06:03:24 UTC 2024: ## Mamta Machinery IPO to List on September 27th; Grey Market Premium Hints at High Returns

**Mumbai, India** – Mamta Machinery Limited, a packaging machinery manufacturer, is set to list its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 27th. The Initial Public Offering (IPO), which opened on December 19th and closed on December 23rd, aimed to raise ₹179 crore. The IPO price band was set at ₹230-₹243 per share.

The grey market is already showing significant interest, with shares trading at a premium of ₹200, suggesting a potential listing price of ₹443. This indicates a possible 83% return on investment on the listing day. However, market experts advise investors to base their decisions on the company’s fundamentals rather than relying solely on grey market premiums. The IPO is an Offer For Sale (OFS).

**Disclaimer:** Investment in IPOs is subject to market risks. Consult a certified investment advisor before investing. News18 is not responsible for any profit or loss incurred.

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