IPO Details

Bidding Dates

19 Dec '24 - 23 Dec '24

Minimum Investment

₹14,823 / 1 Lot (61 Shares)

Price Range

₹230 - ₹243

Maximum Investment

₹1,92,699 / 13 Lot (793 Shares)

Retail Discount

Not Applicable

Issue Size

₹179.39 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible Employees  |  

Mamata Machinery IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 19, 2024

IPO Closing Date

Dec 23, 2024

Basis of Allotment

Dec 24, 2024

Initiation of Refunds

Dec 26, 2024

IPO Listing Date

Dec 27, 2024

About Mamata Machinery IPO

Mamata Machinery IPO is a book-built issue valued at ₹179.39 crore, consisting entirely of an Offer for Sale (OFS) of 0.74 crore equity shares. The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. The allotment is expected to be finalised on December 24, 2024, with the shares slated to list on the BSE and NSE on December 27, 2024.

The price band for the IPO is set at ₹230 to ₹243 per share. Retail investors can apply for a minimum of 61 shares, requiring an investment of ₹14,823. For small non-institutional investors (sNII), the minimum investment is 14 lots (854 shares) at ₹2,07,522, while large non-institutional investors (bNII) must invest in 68 lots (4,148 shares) at ₹10,07,964. Beeline Capital Advisors Pvt Ltd is the Book Running Lead Manager, and Link Intime India Pvt Ltd is the registrar for the IPO.

Industry Outlook

  1. The Indian flexible packaging market surged from $12.92 billion to $49 billion by 2023, reflecting significant growth driven by packaged food demand and convenience.
  2. With a projected CAGR of 12.6% (2022-2027), flexible packaging thrives on cost-efficiency, catering to rising packaged food consumption across diverse consumer markets.

Mamata Machinery IPO Objectives 

The company will not receive any proceeds from the sale. All proceeds after deducting offer-related expenses and taxes, will go to the promoter selling shareholder.

About Mamata Machinery Limited 

Incorporated in April 1979, Mamata Machinery Limited is a leading manufacturer and exporter of machines for producing plastic bags, pouches, packaging, and extrusion equipment. The company specialises in providing advanced manufacturing solutions to the packaging industry, catering primarily to FMCG, Food, and Beverage sectors. Its clientele includes prominent names such as Balaji Wafers, Dass Polymers, Jflexy Packaging, Sunrise Packaging, Chitale Foods, Laxmi Snacks, and Emirates National Factory for Plastic Ind LLC.

As of May 31, 2024, Mamata Machinery has exported its machines to over 75 countries. The company maintains international offices in Bradenton, Florida, and Montgomery, Illinois, and works with sales agents across Europe, South Africa, and Asia. It operates two manufacturing facilities, one in India and another in the USA. Supported by a team of 87 skilled engineers and experts, Mamata Machinery excels in electronics, mechanics, software, and design, ensuring cutting-edge solutions for global clients.

How To Check the Allotment Status of the Mamata Machinery IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Mamata Machinery IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Mamata Machinery IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Mamata Machinery IPO 

Registered office: Survey No. 423/P, Sarkhej-Bavla Road, N.H No. 8A, Moraiya, Sanand, Ahmedabad, Gujarat – 382 213, India

Phone: 02717–630 800/801

E-mail: investor@mamata.com 

Mamata Machinery 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 Isssue

Category Reservation Detail Table

Application Category

Maximum Bidding Limits

Bidding at Cut-off Price Allowed

Only RII

Up to ₹2 Lakhs

Yes

Only sNII

₹2 Lakhs to ₹10 Lakhs

No

Only bNII

₹10 Lakhs to NII Reservation Portion

No

Only employee

Up to ₹5 Lakhs

Yes

Employee + RII/NII
  • Employee limit: Up to ₹5 Lakhs (In certain cases, employees are given a discount if the bidding amount is upto ₹2 million)
  • If applying as RII: Upto ₹2 million
  • If applying as NII: sNII > ₹2 millions and upto ₹10 millions and bNII > ₹10 millions

Yes, for shareholder/RII

Mamata Machinery IPO Lot Size

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

Mamata Machinery IPO Promoter Holding

The promoters of the company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP and Mamata Management Services LLP.

Share Holding Pre-Issue

92.45%

Share Holding Post Issue

-

Key Performance Indicators for Mamata Machinery IPO

As of June 30, 2024, the KPIs of Mamata Machinery:

KPI

Value

ROE (%)

27.76%

ROCE (%)

44.07%

Debt/Equity (x)

0.09

RoNW (%)

27.39%

PAT Margin (%)

15.27%

Price Metrics

Metric

Pre-IPO

Post-IPO

P/E (x)

16.59

-

Mamata Machinery IPO Anchor Investor Details

The anchor portion of the Mamata Machinery IPO provides detailed information as follows:

Detail

Information

Anchor Bid Date

December 18, 2024

Shares Offered to Anchor Investors

22,04,202

Anchor Portion Size

₹53.56 crore

Lock-in Period End Date (50% Shares)

January 23, 2025

Lock-in Period End Date (Remaining Shares)

March 24, 2025

Mamata Machinery IPO Prospectus

Mamata Machinery IPO Registrar and Lead Managers

Mamata Machinery IPO Lead Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar for Mamata Machinery IPO

Link Intime India Private Ltd

  • Contact Number: +91-22-4918 6270
  • Email Address: mamatamachinery.ipo@linkintime.co.in

Website: Mamata Machinery IPO Registrar

Financial Performance of Mamata Machinery Limited

Particulars For period ended June 30, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ million) 276.20 2,366.11 2,008.65 1,922.47
Profit After Tax (PAT) (in ₹ million) 2.18 361.25 225.05 216.97
Total Borrowings (in ₹ million) 43.44 115.96 186.34 208.61
Net Worth (in ₹ million) 1,328.22 1,318.82 1,273.76 1,035.56
Return on Net Worth (%) 0.16% 27.39% 17.67% 20.95%
Return on Capital Employed (%) (0.78)% 31.29% 15.71% 25.73%
Debt to Equity Ratio (x) 0.03 0.09 0.15 0.20
Earning Per Share (EPS)-in absolute ₹ 0.09 14.65 8.41 8.11

Know before investing

Strengths

6

  1. Leading exporter with 4,500+ machines installed globally since inception.

  2. Comprehensive product range including co-extrusion and pouch-making machines.

  3. ISO 9001:2015 certification ensuring stringent quality management standards.

  4. Presence in 75+ countries with a robust global footprint.

  5. Strong R&D focus, with two patents granted and pending.

  6. Advanced facilities spanning 20,662 sqm in India and USA.

Risks

6

  1. Significant reliance on third-party suppliers, 92.86% parts sourced externally.

  2. FMCG, Food & Beverage dependence; 67.73% revenue from related industries.

  3. High inventory levels; 880 days inventory as of June 2024.

  4. Fierce competition; only 3% export market share in 2024.

  5. Past negative cash flows; ₹18.08 million deficit in Q1 FY25.

  6. Export revenue dominates; 70.42% of total revenue from overseas markets.

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Mamata Machinery Limited Peer Details Comparison

Company Name EPS (Basic) NAV (per share) (₹) RoNW (%) P/BV Ratio (X)
Mamata Machinery Limited 14.65 53.59 27.39
Rajoo Engineers Ltd. 3.41 20.59 16.59 9.7
Windsor Machines Ltd. -1.19 41.07 -2.89 1.61
Kabra Extrusiontechnik Ltd. 9.8 134.52 7.48 2.21

Mamata Machinery IPO FAQs

What is the Mamata Machinery IPO?

Mamata Machinery IPO is a book-built issue IPO. It will be open from December 19, 2024, to December 23, 2024.

When will Mamata Machinery IPO be allotted?

The Basis of Allotment will happen on Tuesday, December 24, 2024.

When will Mamata Machinery IPO open for subscription?

The IPO subscription window will open on December 19, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 61 shares.

When will Mamata Machinery Limited list on exchanges?

The listing date for Mamata Machinery Limited is Friday, December 27, 2024.

What is the issue size of Mamata Machinery IPO?

The issue size of the Mamata Machinery IPO is up to ₹179.39 crore, with a complete offer for sale of ₹179.39 crore.

What are the open and close dates of the Mamata Machinery IPO?

The open and close dates for Mamata Machinery IPO are from December 19, 2024, to December 23, 2024.

What would be the listing gains on the Mamata Machinery IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Mamata Machinery IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Mamata Machinery IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Mamata Machinery Limited using one PAN?

You can submit only one application using your PAN card.

How to read Mamata Machinery Limited's financial statements?

To read Mamata Machinery’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for Mamata Machinery IPO?

Pre-apply allows investors to apply for the Mamata Machinery IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Mamata Machinery IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Mamata Machinery IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Mamata Machinery IPO?

Link Intime India Private Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Mamata Machinery IPO getting listed?

Mamata Machinery Limited IPO is proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).