The Mamata Machinery IPO will open on December 19, 2024, and close on December 23, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹179.39 crores through the IPO. The offering consists of a fresh issue of ₹[.] crores and an offer for sale of up to 73,82,340 equity shares, each with a face value of ₹10.
The price band for the Mamata Machinery IPO is set between ₹230 and ₹243 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to be listed on the BSE and NSE on December 27, 2024, with the allotment date scheduled 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. Profit for 2023 stood at ₹22.51 crores, compared to ₹21.70 crores in 2022. Based on these financials, investors are advised to consider applying for the IPO with a long-term investment horizon.
Mamata Machinery IPO Details
- IPO Open Date: December 19, 2024
- IPO Close Date: December 23, 2024
- Face Value: ₹10 per equity share
- Price Band: ₹230 to ₹243 per share
- Issue Size: Approximately ₹179.39 Crores
- Offer for Sale: Approximately 73,82,340 equity shares
- Issue Type: Book Built Issue
- IPO Listing: BSE & NSE
- Employee Discount: ₹12 per share
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Mamata Machinery IPO Market Lot Details
The Mamata Machinery IPO offers a minimum market lot of 61 shares, requiring an application amount of ₹14,823. Retail investors can apply for up to 13 lots, totaling 793 shares, which would require an investment of ₹192,699.
| Investor Type | 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 will open on December 19, 2024, and close on December 23, 2024. The allotment of shares will be finalized on December 24, 2024, and the IPO will be listed on the stock exchange on December 27, 2024.
| Event | Date |
|---|---|
| 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 Mamata Machinery are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP.
About Mamata Machinery IPO
Founded in 1979, Mamata Manufacturing specializes in the production and export of plastic pouch sealing machines, packing machinery, plastic bags, and extrusion equipment. The company primarily serves brands in the FMCG, food, and beverage industries. Mamata Machinery has delivered over 800 machines across Africa, 100 machines in the USA, and 100 machines in India, supported by two offices that represent its global network. The company’s goal is to establish itself as a globally recognized leader in the flexible packaging industry.
The company has experienced fluctuations in expenses from 2021 to 2024, with recorded expenses of ₹131.26 crores in 2021, ₹167.03 crores in 2022, ₹181.61 crores in 2023, and ₹131.44 crores in 2024. For FY 2024, the company reported a revenue of ₹148.25 crores. Mamata Machinery has decided to launch an IPO of 73,82,340 shares, which will be entirely an Offer For Sale (OFS).
Mamata Machinery IPO Company Financial Report
Mamata Machinery reported a revenue of ₹200.87 crores in 2023, compared to ₹192.25 crores in 2022. The company’s profit increased to ₹22.51 crores in 2023, up from ₹21.70 crores in 2022.
| Period Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|---|
| 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
Here are the key valuation details for Mamata Machinery IPO, including Earning Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 19.41% |
| Return on Capital Employed (ROCE) | 15.71% |
| EBITDA Margin | 11.82% |
| Profit After Tax (PAT) Margin | 11.20% |
| Debt to Equity Ratio | 0.15 |
| Earnings Per Share (EPS) | ₹8.41 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 17.67% |
| Net Asset Value (NAV) | ₹47.62 |
Peer Group Comparison
Here is a comparison of Mamata Machinery with its peers in the industry:
| Company | EPS | P/E Ratio | RoNW % | NAV (₹ in Crores) | Income (₹ in Crores) |
|---|---|---|---|---|---|
| Rajoo Engineers Limited | 1.87 | 13.28 | 10.55 | 17.70 | 181.64 |
| Windsor Machines Limited | 0.71 | 53.44 | 1.66 | 43.17 | 384.10 |
| Kabra Extrusion Technik Limited | 11.57 | 45.14 | 9.78 | 114.16 | 673.18 |
Objectives of the Issue
- To conduct an Offer for Sale of up to 7,382,340 Equity Shares by the Selling Shareholders.
- To benefit from the listing of the Equity Shares on the Stock Exchanges.
IPO Review by Leading Firms
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Mamata Machinery IPO Registrar
Link Intime India Private Limited
Address: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West, Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: mamatamachinery.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers (Merchant Bankers):
- Beeline Capital Advisors Private Limited
Company Address
Mamata Machinery Limited
Survey No. 423/P, Sarkhej-Bavla Road, N.H No. 8A, Moraiya, Sanand, Ahmedabad, Gujarat – 382213
Phone: 02717–630 800/801
Email: cs@mamata.com
Website: www.mamata.com
How can I apply for the Mamata Machinery IPO?
You can apply through ASBA online via your bank account or UPI through your stock broker. Alternatively, you can apply offline by filling out the form with your stock broker.
What is the Mamata Machinery IPO issue size?
The IPO issue size is ₹179.39 Crores.
What is the Mamata Machinery IPO Price Band?
The price band is ₹230 to ₹243 per equity share.
What is the Mamata Machinery IPO Lot Size?
The minimum bid is for 61 shares, amounting to ₹14,823.
What is the Mamata Machinery IPO Allotment Date?
The allotment date is December 24, 2024.
What is the Mamata Machinery IPO Listing Date?
The listing date is December 27, 2024, on BSE and NSE.
Mamata Machinery IPO FAQs
What is the Mamata Machinery IPO?
The Mamata Machinery IPO is a main-board offering, aiming to raise ₹179.39 Crores. The price range is ₹230 to ₹243 per equity share. The IPO will be listed on BSE and NSE.
When will the Mamata Machinery IPO open for subscription?
The IPO will open on December 19, 2024, for QIB, NII, and Retail Investors. It will close on December 23, 2024.
What is the Mamata Machinery IPO Investor Portion?
- QIB: 50%
- NII: 15%
- Retail: 35%
