Fri Dec 20 03:58:19 UTC 2024: ## Mamata Machinery’s IPO Opens, Seeks Rs 150 Crore

**New Delhi, December 19, 2024** – Mamata Machinery, a packaging machinery company with a significant international presence, launched its initial public offering (IPO) today. The IPO, entirely an offer-for-sale (OFS) of Rs 179.39 crore, is priced between Rs 230 and Rs 243 per share and will close on December 23. Allotment is scheduled for December 24, with listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on December 27.

While the company itself will not receive any proceeds from the sale, the OFS will enhance brand visibility and provide increased liquidity for existing shareholders. Beeline Capital Advisors is the lead manager, and Link Intime India is the registrar.

Mamata Machinery reported strong financial growth, with revenue increasing 15% to Rs 241.31 crore in FY 2023-24, and profit after tax (PAT) soaring 61% to Rs 36.13 crore. This growth is attributed to the company’s global presence, technological leadership, and plans to improve capacity utilization and production.

Prathamesh Masdekar, Research Analyst at StoxBox, recommends subscribing to the IPO, citing the company’s strong market position, improved financials, and focus on quality and new product development. The company operates manufacturing facilities in both India and the US.

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