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Mamata Machinery IPO is a book-built issue of Rs 179.39 crores. The issue is entirely an offer for the sale of 0.74 crore shares.
The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The price band for the IPO is set at ₹230 to ₹243 per share and the minimum lot size for an application is 61 shares.
Company Summary
Incorporated in April 1979, Mamata Machinery Limited manufactures and exports machines for making plastic bags, pouches, packaging, and extrusion equipment. The company provides manufacturing solutions for the packaging industry.
The company caters to the FMCG, Food, & Beverage industries. The company’s customers include Balaji Wafers Private Limited, Dass Polymers Private Limited, Jflexy Packaging Private Limited, Euphoria Packaging Private Limited, Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Private Limited, Dhalumal Packaging Industries LLC, Laxmi Snacks Private Limited, Ganges Jute Private Limited, Western India Cashew Company Private Limited and N. N. Print & Pack Private Limited and Gits Food Products Private Limited and Emirates National Factory for Plastic Ind LLC.
As of May 31, 2024, the company has exported machines to over 75 countries. The company has international offices in Bradenton, Florida, and Montgomery, Illinois, as well as sales agents in over five countries across Europe, South Africa, and Asia.
As of May 31, 2024, the company employs 87 skilled engineers and application experts in electronics, mechanics, software, and design. The company has two machine manufacturing facilities, one in India and one in the USA.
Company Strengths
- A major exporter of machinery and equipment for bag and pouch making, packaging, and co-extrusion blown film machinery and attachments.
- Advanced manufacturing tools and material knowledge to customize systems and products based on customers’ needs.
- Customer-centric operations, with an extensive global sales and distribution network.
- Experienced Management Team
Company Financials
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 240.85 | 237.49 | 228.47 | 216.33 |
| Revenue | 29.19 | 241.31 | 210.13 | 196.57 |
| Profit After Tax | 0.22 | 36.13 | 22.51 | 21.70 |
| Net Worth | 132.82 | 131.88 | 127.38 | 103.56 |
| Total Borrowing | 4.34 | 11.60 | 18.63 | 20.86 |
Amount in ₹ Crore | ||||
Objectives of the IPO
The Company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders post deduction of Offer-related expenses to be borne by the Selling Shareholders.
Promoters of the company
The promoters of the Company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP.
IPO details
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹243 per share |
| Lot Size | 61 Shares |
| Total Issue Size | 73,82,340 shares (aggregating up to ₹179.39 Cr) |
| Offer for Sale | 73,82,340 shares of ₹10 (aggregating up to ₹179.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot Allocation details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 61 | ₹14,823 |
| Retail (Max) | 13 | 793 | ₹1,92,699 |
| S-HNI (Min) | 14 | 854 | ₹2,07,522 |
| S-HNI (Max) | 67 | 4,087 | ₹9,93,141 |
| B-HNI (Min) | 68 | 4,148 | ₹10,07,964 |
Allotment Schedule
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| The credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
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