The Mamata Machinery Initial Public Offering (IPO) has generated considerable excitement in the market, and the allotment status is expected to be finalized on December 24, 2024. The IPO, which closed for subscription on December 23, 2024, was met with an overwhelming response, being oversubscribed by nearly 200 times, highlighting strong investor interest in the company.
How to Check IPO Allotment Status
Investors eager to know if they have received shares in the IPO can check their allotment status on various platforms:
- BSE (Bombay Stock Exchange): Investors can visit the BSE website and navigate to the ‘Investor’ section. Here, they will find the ‘Application Status’ link, which allows them to check their allotment status by entering relevant details.
- NSE (National Stock Exchange): The NSE also offers a similar facility on their website. By selecting the ‘Application Status’ section under the IPO segment, investors can verify their allotment details.
- Link Intime India Pvt Ltd: As the official registrar for the Mamata Machinery IPO, Link Intime India provides a dedicated portal for checking allotment status. Investors can visit the website and input their application information to access the allotment results.
Grey Market Premium (GMP)
Before the official listing, Mamata Machinery’s shares were trading at a significant Grey Market Premium (GMP) of ₹260. This suggests a possible listing price of around ₹503, representing a 107% increase over the upper end of the IPO price band, which was ₹243. However, it’s important to remember that the GMP is unregulated and does not guarantee the actual performance of the shares once they are listed.
Listing Date
Mamata Machinery is set to list its shares on both the BSE and NSE on December 27, 2024. Investors can follow the listing process on these exchanges for real-time updates and price movements.
About Mamata Machinery
Founded in 1979, Mamata Machinery is a leading manufacturer and exporter of plastic bag and pouch-making machines, packaging machines, and extrusion equipment. The company serves various industries, including food and FMCG, by providing end-to-end solutions for packaging applications. Its established reputation in the machinery sector, coupled with strong investor demand, positions Mamata Machinery as a promising player in the market.
As the allotment process concludes, investors are encouraged to stay informed through official channels and consult financial advisors for guidance on their next steps.