Mon Dec 23 16:01:15 UTC 2024: ## Mamata Machinery IPO Oversubscribed by 87 Times on Final Day

**Mumbai, December 23, 2024** – The Initial Public Offering (IPO) of Mamata Machinery, a leading packaging machinery manufacturer, is concluding today with phenomenal investor interest. The IPO, which opened on December 19th, has been oversubscribed a staggering 87.19 times, exceeding all expectations.

The company aims to raise Rs 179.39 crore through an offer for sale (OFS) of 73.82 lakh equity shares. The price band is set between Rs 230 and Rs 243 per share. Investor enthusiasm has been particularly strong across all categories: retail investors subscribed 91.57 times, Qualified Institutional Buyers (QIBs) 21.46 times, and Non-Institutional Investors (NIIs) an impressive 164.12 times.

The strong demand is reflected in a grey market premium (GMP) of Rs 260, suggesting a potential listing price of Rs 503 per share – a 107% gain over the upper price band. Share allotment is expected on December 24th, with shares expected to debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 27th.

Mamata Machinery specializes in high-speed packaging machinery, serving both domestic and international markets. The company’s strong performance and growth prospects appear to be the key drivers behind the IPO’s overwhelming success.

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