Mamata Machinery IPO will open for subscription on December 19, 2024, and close on December 23, 2024. The allotment date is expected to be December 24, 2024, and the shares are scheduled to list on BSE and NSE on December 27, 2024. The IPO is a book-built issue valued at ₹179.39 crores, entirely an offer for sale comprising 0.74 crore equity shares. The price band for the IPO is set at ₹230 to ₹243 per share. Retail investors can apply for a minimum lot size of 61 shares, requiring an investment of ₹14,823. For small non-institutional investors (sNII), the minimum investment is 14 lots (854 shares) at ₹207,522, while large non-institutional investors (bNII) can apply for 68 lots (4,148 shares) at ₹1,007,964. For detailed information on the IPO allotment status of Mamata Machinery, including how to check your allotment, visit our Mamata Machinery IPO Allotment Status
About Mamata Machinery IPO
Mamata Machinery Limited, established in April 1979, manufactures and exports machinery for plastic bags, pouches, packaging, and extrusion equipment. The company primarily serves the FMCG, Food, and Beverage industries, with clients such as Balaji Wafers, Dass Polymers, and Chitale Foods. It has exported machines to over 75 countries and operates manufacturing facilities in India and the USA, with offices in Florida and Illinois.
Mamata Machinery employs 87 skilled engineers and experts and has built a strong global sales and distribution network. In FY 2024, the company reported a revenue of ₹148.25 crores. To further its growth, it plans to raise ₹179.39 crores through an IPO offering 73,82,340 shares through an Offer for Sale (OFS).
Mamata Machinery IPO Details
| Parameter | Details |
|---|---|
| IPO Opening Date | December 19, 2024 |
| IPO Closing Date | December 23, 2024 |
| Listing Date | December 27, 2024 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹243 per share |
| Lot Size | 61 Shares |
| Total Issue Size | 7,382,340 shares (up to ₹179.39 Crores) |
| Offer for Sale | 7,382,340 shares of ₹10 each (up to ₹179.39 Crores) |
| Employee Discount | ₹12 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| Minimum Investment (Retail) | ₹14,823 (for 61 shares) |
| Minimum Investment (SNI) | ₹207,522 (for 854 shares) |
| Minimum Investment (BNI) | ₹1,007,964 (for 4,148 shares) |
Mamata Machinery IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat Account | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on Monday, December 23, 2024 |
| Allotment Status | Available from December 24, 2024 |
| Refunds Processed | December 26, 2024 |
| Shares Credited to Demat Accounts | December 26, 2024 |
| Trading Begins | December 27, 2024 (Tentative) |
Mamata Machinery IPO Lot Size Details
Investors can apply for a minimum of 61 shares, and bids can be made in multiples of 61 shares thereafter. The table below shows the minimum and maximum investment details for retail and HNI investors:
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,823 |
| Retail (Max) | 13 | 793 | ₹192,699 |
| S-HNI (Min) | 14 | 854 | ₹207,522 |
| S-HNI (Max) | 67 | 4,087 | ₹993,141 |
| B-HNI (Min) | 68 | 4,148 | ₹1,007,964 |
Mamata Machinery IPO Reservation Details
The Mamata Machinery IPO has been reserved for different categories of investors, ensuring fair participation across various groups. Below is the reservation breakdown for each investor category:
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not more than 15% of the Net Issue |
Mamata Machinery IPO Anchor Investors Details
Mamata Machinery IPO has successfully raised Rs 53.56 crore from anchor investors ahead of its public offering. The anchor investors play a crucial role in providing initial confidence for the IPO. Below are the key details regarding the Mamata Machinery IPO Anchor Investors:
| Bid Date | December 18, 2024 |
|---|---|
| Shares Offered | 2,204,202 |
| Anchor Portion Size (In Cr.) | ₹53.56 Crore |
| Anchor Lock-In Period (50% Shares) | January 23, 2025 |
| Anchor Lock-In Period (Remaining Shares) | March 24, 2025 |
Mamata Machinery IPO Promoter Holding
The promoters of Mamata Machinery IPO include Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP. As of the pre-issue phase, the promoter holding stands at 92.45%. Post-issue, the promoter holding will be reduced, reflecting the public offering and share dilution through the IPO process.
Mamata Machinery Limited Financial Information
Here is a summary of Mamata Machinery’s financial performance for the periods ending June 30, 2024, March 31, 2024, March 31, 2023, and March 31, 2022. The table below presents key financial metrics such as assets, revenue, profit after tax, net worth, and total borrowing, reflecting the company’s financial health and growth over the last few years:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹240.85 Cr | ₹237.49 Cr | ₹228.47 Cr | ₹216.33 Cr |
| Revenue | ₹29.19 Cr | ₹241.31 Cr | ₹210.13 Cr | ₹196.57 Cr |
| Profit After Tax | ₹0.22 Cr | ₹36.13 Cr | ₹22.51 Cr | ₹21.70 Cr |
| Net Worth | ₹132.82 Cr | ₹131.88 Cr | ₹127.38 Cr | ₹103.56 Cr |
| Total Borrowing | ₹4.34 Cr | ₹11.60 Cr | ₹18.63 Cr | ₹20.86 Cr |
This data indicates steady revenue growth over the years, along with a stable increase in assets and net worth. The company’s profit after tax showed a significant rise in FY 2024, despite a drop in revenue during Q1 of FY 2024. Additionally, total borrowings have been steadily reducing, which is a positive sign of improved financial management.
Mamata Machinery IPO Valuation – FY2023
Here’s the Mamata Machinery IPO valuation summary for FY2023, which includes key performance indicators (KPIs) such as ROE, ROCE, EBITDA margin, EPS, and other financial metrics that help investors assess the company’s financial performance and overall valuation:
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 19.41% |
| Return on Capital Employed (ROCE) | 15.71% |
| EBITDA Margin | 11.82% |
| 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 |
Additional Insights
- ROE (Return on Equity) at 19.41% reflects the company’s ability to generate profit from shareholders’ equity.
- ROCE (Return on Capital Employed) of 15.71% indicates how efficiently the company is using its capital to generate profits.
- EBITDA Margin of 11.82% signifies the company’s earnings before interest, taxes, depreciation, and amortization as a percentage of revenue, showing good operational efficiency.
- PAT Margin (Profit After Tax) of 11.20% highlights the company’s profitability after all expenses.
- Debt to Equity Ratio of 0.15 demonstrates low financial leverage, signaling lower risk from debt obligations.
- EPS (Earnings Per Share) of ₹8.41 suggests the company’s profit distributed per share.
- P/E Ratio is unavailable (N/A) as it depends on market conditions at the time of listing.
- RoNW (Return on Net Worth) of 17.67% reveals a solid return on shareholders’ equity, suggesting effective management.
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
- Offer for Sale of up to 7,382,340 equity shares by the selling shareholders.
- Achieve listing of equity shares on the Stock Exchanges.
Mamata Machinery IPO Registrar
Link Intime India Private Limited
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
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
Conclusion:
Mamata Machinery IPO offers an opportunity for investors to participate in a growing packaging machinery company with a strong global presence. The issue aims to raise funds through an Offer for Sale, with listing expected on BSE and NSE.
Mamata Machinery IPO FAQs
What is the Mamata Machinery IPO date?
The IPO opens on December 19, 2024, and closes on December 23, 2024.
What is the price band for Mamata Machinery IPO?
The price band is ₹230 to ₹243 per share.
When will the shares be listed?
The shares will list on BSE and NSE on December 27, 2024.
What is the lot size for the IPO?
The minimum lot size is 61 shares.
What is the total issue size?
The total issue size is ₹179.39 crores, comprising an Offer for Sale of 7,382,340 shares.