Tue Dec 24 16:07:10 UTC 2024: ## Mamata Machinery IPO Allotment Expected Today, Oversubscribed by 195 Times

**MUMBAI, INDIA (December 24, 2024)** – Allotment for the highly anticipated Mamata Machinery Limited Initial Public Offering (IPO) is expected to be finalized today, Tuesday, December 24th. The IPO, which closed after a three-day period, saw an overwhelming response from investors, being oversubscribed by a staggering 194.95 times. The retail category alone was oversubscribed by 138.08 times, while non-institutional investors oversubscribed their portion by a massive 274.38 times.

The IPO, which opened on December 19th, aimed to raise ₹179.39 crore through the listing. The price band was set at ₹230-₹243 per share, with a lot size of 61 shares. The final offer price was fixed at ₹243 per share. Market analysts predict a strong listing, with the grey market premium (GMP) currently estimated at ₹260, potentially indicating a listing at 107% of the offer price.

Mamata Machinery’s IPO is scheduled to list on December 27th.

**Disclaimer:** This article provides information on IPO allotment and is not investment advice. Equity markets involve risk, and investments should be made at your own risk. Consult with a financial expert before making any investment decisions.

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