The highly anticipated Mamata Machinery IPO is set to open on December 19, 2024, and will close on December 23, 2024. This Book Built Issue aims to raise approximately ₹179.39 crores through a combination of fresh issue and offer for sale of up to 73,82,340 equity shares with a face value of ₹10 each.
With a price band of ₹230 to ₹243 per share, the Mamata Machinery IPO offers a retail quota of 35%, QIB quota of 50%, and HNI quota of 15%. The listing on both BSE and NSE is scheduled for December 27, 2024, with the allotment date set for December 24, 2024.
In terms of financial performance, the company reported a revenue of ₹200.87 crores in 2023, up from ₹192.25 crores in 2022. Similarly, the profit increased to ₹22.51 crores in 2023 from ₹21.70 crores in 2022. Based on these positive financial indicators, potential IPO investors are advised to consider a long-term investment strategy.
Mamata Machinery IPO Details
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹230 to ₹243 Per Share |
| Issue Size: | Approx ₹179.39 Crores |
| Offer for Sale: | Approx 73,82,340 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Employee Discount: | ₹12 Per Share |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Mamata Machinery IPO Market Lot
The Mamata Machinery IPO offers a minimum market lot of 61 shares, requiring an application amount of ₹14,823. Retail investors have the opportunity to apply for up to 13 lots, totaling 793 shares or ₹192,699 in value.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 61 | ₹14,823 |
| Retail Maximum | 13 | 793 | ₹1,92,699 |
| S-HNI Minimum | 14 | 854 | ₹2,07,522 |
| B-HNI Minimum | 68 | 4,148 | ₹10,07,964 |
Mamata Machinery IPO Dates
The Mamata Machinery IPO date is December 19, 2024 and the close date is December 23, 2024. The Mamata Machinery IPO allotment will be finalized on December 24, 2024 and the IPO listing on December 27, 2024.
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Basis of Allotment: | December 24, 2024 |
| Refunds: | December 26, 2024 |
| Credit to Demat Account: | December 26, 2024 |
| IPO Listing Date: | December 27, 2024 |
Promoters of Mamata Machinery IPO
The promoters of the company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP.
About Mamata Machinery IPO
Mamta Manufacturing, established in 1979, specializes in the production and export of plastic pouch sealing machines, packing machinery, plastic bags, and extrusion equipment. Our focus is on providing top-quality packaging machinery to leading brands in the FMCG, food, and beverage industries. With a global presence, we have supplied machines to more than 75 countries, including 800 machines in operation throughout Africa, 100 machines in the USA supported by two offices, and 100 machines in India.
Our ultimate goal is to become a renowned leader in the flexible packaging industry worldwide. Over the years, we have seen fluctuations in expenses, with figures of 131.26 crores in 2021, 167.03 crores in 2022, 181.61 crores in 2023, and 131.44 crores in the current year, 2024. Despite this, our revenue for FY 2024 stands at an impressive 148.25 crores.
In line with our growth strategy, we have made the decision to launch an Initial Public Offering (IPO) of 73,82,340 shares, which will be offered for sale. This move marks an exciting new chapter for Mamta Manufacturing as we continue to expand our reach and solidify our position in the market.
Mamata Machinery IPO Company Financial Report
The company reported revenue of ₹200.87 crores in 2023 against ₹192.25 crore in 2022. The company reported Profit of ₹22.51 crores in 2023 against Profit of ₹21.70 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹146.97 | ₹131.26 | ₹10.45 | ₹182.52 |
| 2022 | ₹192.25 | ₹167.03 | ₹21.70 | ₹216.33 |
| 2023 | ₹200.87 | ₹181.61 | ₹22.51 | ₹228.47 |
| December 2023 | ₹148.25 | ₹131.44 | ₹14.66 | ₹214.95 |
Mamata Machinery IPO Valuation – FY2023
Check Mamata Machinery IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 19.41% |
| ROCE: | 15.71% |
| EBITDA Margin: | 11.82% |
| PAT Margin: | 11.20% |
| Debt to equity ratio: | 0.15 |
| Earning Per Share (EPS): | ₹8.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 17.67% |
| Net Asset Value (NAV): | ₹47.62 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rajoo Engineers Limited | 1.87 | 13.28 | 10.55 | 17.70 | 181.64 Cr. |
| Windsor Machines Limited | 0.71 | 53.44 | 1.66 | 43.17 | 384.10 Cr. |
| Kabra Extrusion Technik Limited | 11.57 | 45.14 | 9.78 | 114.16 | 673.18 Cr. |
Objects of the Issue
- Execute the sale of up to 7,382,340 equity shares by the selling shareholders and reap the advantages of listing these shares on the stock exchanges.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resources like Moneycontrol and NSE India.
Disclaimer: This article is for informational purposes only and should not be construed as financial or investment advice.