Wed Dec 25 03:00:19 UTC 2024: ## Mamata Machinery IPO Oversubscribed by Nearly 200 Times

**Ahmedabad, India – December 26, 2024** – The initial public offering (IPO) of Mamata Machinery, an Ahmedabad-based packaging machinery manufacturer, closed with overwhelming investor interest, exceeding expectations by a significant margin. The IPO was subscribed a staggering 194.95 times on its final day, indicating strong confidence in the company’s future prospects.

The offer, which comprised solely an offer for sale (OFS) of 0.74 crore shares, aimed to raise ₹179.39 crore. Investor enthusiasm was reflected in the grey market premium (GMP), which reached ₹260, representing a premium of over 107 percent. This robust demand was particularly evident in the non-institutional investor (NII) segment, with a subscription rate of 274.38 times, followed by qualified institutional buyers (QIBs) at 235.88 times, and retail individual investors (RIIs) at 138.08 times.

Mamata Machinery has demonstrated consistent, albeit gradual, profit growth. Profits rose from ₹22.51 crore in FY23 to approximately ₹36 crore in FY24, while revenue increased from ₹210 crore to ₹241 crore during the same period.

The company’s shares are scheduled to list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on December 27th. Investors can check their allotment status through the NSE website ([https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp](https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)) or the BSE website ([https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)).

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