Mamata Machinery Ltd’s shares continued to trade at a premium of ₹260 in the grey market. This indicates a potential listing price of ₹503, which is a substantial 107% increase over the IPO’s upper price band of ₹243.
Mamata Machinery Ltd is a prominent manufacturer specializing in converting and packaging machinery. Known for its innovation and excellence, the company caters to a global client base with cutting-edge technology in flexible packaging. The IPO was launched to support the company’s expansion plans and further strengthen its market position.
The IPO (Initial Public Offering) of Mamata Machinery concluded on Monday, December 23, 2024, following a three-day bidding period. The allotment process has now been finalized. The IPO garnered overwhelming demand, with an overall subscription of 194.95 times the available shares by the final day. According to NSE data, the issue received bids for 100.94 crore shares, far surpassing the 51.78 lakh shares on offer. Below is a breakdown of the subscription across different investor categories:
- Qualified Institutional Buyers (QIBs):
- Subscribed 235.88 times their allotted quota.
- Non-Institutional Investors (NIIs):
- Subscribed 274.38 times their allocation.
- Retail Investors:
- Subscribed 138.08 times the shares reserved for them.
Mamata Machinery’s IPO opened on December 19, 2024, and closed on December 23, 2024. The company sought to raise ₹179.39 crores through this public offering. Investors were required to make a minimum bid of 61 shares. A total of 51,78,227 shares were made available for sale, with the price range set between ₹230 and ₹243 per share.
Mamata Machinery IPO: Grey Market Premium (GMP) Update
Shares of Mamata Machinery Ltd are trading at a premium of ₹260 in the grey market. This indicates a potential listing price of ₹503, which reflects an impressive 107% premium over the IPO’s upper price band of ₹243.
How to Check Share Allotment Status
You can check the allotment status of Mamata Machinery IPO using either the registrar’s website or the NSE website. Follow these steps:
Through the Registrar’s Website
- Visit the Link Intime India website at https://linkintime.co.in/initial_offer/public-issues.html
- Select “Mamata Machinery Ltd” from the drop-down menu.
- Enter your application number, PAN, DP ID, or Demat account number.
- Complete the verification process by filling in the required details.
- Click on the ‘Submit’ button to view your allotment status.
Through the NSE Website
- Go to the IPO bid verification page on NSE
- Log in with your registered User ID and password or sign up if you’re a new user.
- Select “Mamata Machinery Ltd” from the list of IPO names.
- Enter your application number and PAN details.
- Click on the ‘Submit’ button to access your allotment details.