Mamta Machinery IPO Allotment Today: Did You Check?

The Mamta Machinery IPO allotment is scheduled for today, December 24, 2024, meaning that successful bidders will receive their shares today. This comes after an impressive subscription rate of 194.95 times on the final day of bidding, December 23.

The ₹179.38 crore IPO, which opened for bidding on December 19 and closed on December 23, 2024, saw extraordinary demand, with investors bidding for over 100 crore shares, despite only 51.78 lakh shares being available. The retail portion alone was subscribed 138.08 times. The price band for the IPO was set at ₹230–243 per share.

Investors who participated in the IPO can check their allotment status on the official website of the registrar, Link Intime India Pvt Ltd. Allotment details can also be verified on the official websites of the NSE and BSE.

Objective of Mamta Machinery IPO

As the Mamta Machinery IPO is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the offering. Instead, the selling shareholders will receive the proceeds, after deducting offering-related expenses borne by them.

About Mamta Machinery Limited

Incorporated in April 1979, Mamta Machinery Limited manufactures and exports machines used for making plastic bags, pouches, packaging, and extrusion equipment. The company provides manufacturing solutions for the packaging industry and serves a wide range of clients in the FMCG, food, and beverage sectors.

Notable customers include Balaji Wafers Pvt Ltd, Dass Polymers Pvt Ltd, Jflexy Packaging Pvt Ltd, Euphoria Packaging Pvt Ltd, Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Pvt Ltd, Dhalumal Packaging Industries LLC, Laxmi Snacks Pvt Ltd, and others

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.