• Source:JND
Add as a preferred

Mamata Machinery shares made a stellar debut at a premium of 147 per cent on the NSE on Friday over the IPO price band. Mamata Machinery Shares were listed on the NSE at Rs 600 per share, gaining a premium of 146.91 per cent against the issue price of Rs 243 per share. On the BSE, the company’s shares were listed at Rs 600 per share similar to the NSE.

One of the leading packers of packaging machinery, Mamta Machinery Limited, closed its initial public offering (IPO) with a high subscription of 194.95, with the highest investor enthusiasm across various investor segments on the last and final day of the auction. With a significant subscription ratio of 274.38, this category of non-institutional investors stood out from the rest. Qualified institutional buyers subscribed a very decent 235.88 times, and retail individual investors also showed high interest with a subscription of 138.08 times.

Also Read: DAM Capital IPO Listing: Shares List At 39% Premium On NSE

The IPO worth Rs 179 crore, priced at Rs 230 to Rs 243 per share, gained good traction in the market. A day before the IPO was opened, Mamata Machinery raised rs 53-odd crore from anchor investors.

Mamta Machinery has a comprehensive solution for packaging manufacturing and sells its products under the popular brands ‘Vega’ and ‘Win’. Its wide range of products covers the entire value chain of the flexible packaging market.

The IPO will be a full-fledged offer for sale (OFS), with 7.38 million shares being offered by existing promoters and shareholders.

Also Read: Transrail Lighting Share Price Lists At 36% Premium Over IPO Price