Tue Dec 24 04:51:47 UTC 2024: ## Mamata Machinery IPO Oversubscribed, Listing Expected to be Blockbuster

**Mumbai, India – December 24, 2024** – The initial public offering (IPO) of Mamata Machinery Ltd., a Gujarat-based manufacturer of packaging machinery, concluded with a phenomenal response, receiving a 194.95 times subscription. The IPO, which offered 73.82 lakh equity shares via an Offer-for-Sale (OFS) by promoters, was priced in the range of Rs 265 to Rs 279 per share. Allotment is expected to be finalized on December 24, with shares set to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 27.

The strong investor interest was evident across all categories: retail investors subscribed 138.08 times, non-institutional investors (NII) 274.38 times, and qualified institutional buyers (QIB) 235.88 times. The grey market premium (GMP) currently stands at a robust 107%, with unlisted shares trading at approximately Rs 503, indicating a potentially strong listing. Market observers anticipate a blockbuster debut.

Investors can check their allotment status on the BSE website (https://www.bseindia.com/investors/appli_check.aspx), the NSE website, or the Link Intime registrar portal (https://www.linkintime.co.in/Initial_Offer/public-issues.html). They will also receive a bank debit message upon allotment.

While the company will not receive any proceeds from the IPO, as it’s an OFS, the listing is expected to enhance its brand visibility, provide liquidity to shareholders, and establish a public market for its equity shares. Mamata Machinery provides end-to-end manufacturing solutions for the flexible packaging industry under the brands ‘Vega’ and ‘Win.’ Beeline Capital Advisors acted as the sole book-running lead manager for the IPO.

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