Mon Dec 23 18:51:56 UTC 2024: ## Mamata Machinery IPO Closes, Trading at High Grey Market Premium

**Mumbai, India –** The initial public offering (IPO) for Mamata Machinery concluded today. Allotment of shares will be finalized on December 24th, 2024, with refunds to unsuccessful applicants issued on December 26th. Successful applicants will see shares credited to their demat accounts on the same day. The IPO is slated to list on the NSE and BSE on December 27th, 2024.

Market anticipation is high, with the IPO’s grey market premium (GMP) currently hovering around ₹260. This represents a 107% premium over the upper price band of ₹243, suggesting potential for significant gains. Further increases in the GMP are possible depending on market conditions.

Established in 1979, Mamata Machinery manufactures and exports plastic pouch sealing machines, packaging machinery, plastic bags, and extrusion equipment. Its clientele primarily includes FMCG, food, and beverage companies. The company boasts a global presence, having supplied machinery to over 75 countries, including 800 machines in Africa, 100 in the US (via two offices), and 100 in India. Its vision is to become a global leader in the flexible packaging industry.

**Disclaimer:** Investment in the stock market is subject to market risks. Please conduct your own research or consult a financial advisor before making any investment decisions. This article is for informational purposes only.

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