"A Historic Moment for Mamata Machinery"
Mamata Machinery’s first-ever IPO closes today, December 23, 2024. Early signs show tremendous interest from investors, with stocks oversubscribed by 66.26 times!
Key Numbers at a Glance
– IPO Size: ₹179.39 crore – Price Range: ₹230 - ₹243 per share – Shares Offered: 0.74 crore existing shares
Who’s Buying?
– Professional Investors (QIB): 4.90x – Large Investors (NII): 121.49x – Retail Investors: 77.42x – Employees: 83.16x
A Legacy of Excellence | Founded in 1979, Mamata Machinery exports advanced machines for:
– Plastic bag production – Pouch making – Packaging solutions
Meet the Team Behind the Success
– Mahendra Patel (Chairman): 40+ years of experience – Chandrakant Patel (Joint MD): Engineering and marketing leader – Neha Nowlakha (Independent Director): Finance expert
A Steady Growth Story | Revenue from operations:
– 2022: ₹192.25 crore – 2023: ₹200.86 crore – 2024: ₹236.61 crore Profit after tax grew from ₹21.70 crore (2022) to ₹36.12 crore (2024).
What Investors Should Consider
– Reliance on a few key customers (30.76% revenue from top 10). – Heavy dependence on exports (over 70% in 2023). – Sensitivity to FMCG and food industries.
Expected Market Debut
Grey market indicates a potential listing price of ₹503, a 107% premium over the upper IPO price of ₹243.
The Road Ahead for Mamata Machinery
This IPO positions Mamata Machinery for greater visibility and trading ease. With solid growth and leadership, it’s an exciting chapter for the company and its investors.