The much-anticipated Mamata Machinery IPO made an extraordinary debut on Friday, December 27, 2024, delivering stunning returns to investors. The shares listed at ₹600 apiece on the NSE, marking a 146.91% premium over the issue price of ₹243. Shortly after listing, the stock hit the 5% upper circuit at ₹630 on both the NSE and BSE, with a traded volume of 25.50 lakh shares and a traded value of ₹156.38 crore by 11:26 am.
This robust performance has propelled Mamata Machinery’s market capitalization to ₹1,550.29 crore, making it one of the most talked-about listings of the year. Investors who secured allotments are sitting on substantial gains, with profits of ₹21,777 per lot, for a minimum investment of just ₹14,823.
Mamata Machinery IPO Highlights and Performance Metrics
Listing Day Price Movement
- Issue Price: ₹243 per share
- Listing Price (NSE): ₹600 per share
- Upper Circuit: ₹630 (+5%)
- Market Cap: ₹1,550.29 crore
Subscription Details
The IPO, open from December 19 to December 23, was subscribed an incredible 194.95 times, demonstrating strong investor confidence.
- Qualified Institutional Buyers (QIBs): 235.88 times
- Non-Institutional Investors (NIIs): 274.38 times
- Retail Investors: 138.08 times
Company Financials
Mamata Machinery’s financial track record bolstered the IPO’s appeal, with consistent revenue growth and profitability.
- FY24 Revenue: ₹236.61 crore (+18% YoY)
- FY24 Net Profit: ₹36.13 crore (+60% YoY)
- Q1 FY25 Revenue: ₹27.62 crore
About Mamata Machinery
Mamata Machinery is a leader in manufacturing packaging machines, marketing its products under the “Win” and “Vega” brand names. The ₹179.39 crore IPO, managed by Beeline Capital Advisors, was entirely an Offer-for-Sale (OFS), with no proceeds going to the company. The primary objective of the IPO was to achieve the advantages of listing on the exchanges.
Trading and Governance
- Board of Directors:
- Mahendra Patel (Chairman and Managing Director)
- Chandrakant Patel (Joint Managing Director)
- Other notable directors include Ruchita Patel and Neha Nowlakha (Independent Directors).
- Senior Management:
- Apurva Kane (CEO)
- Dipak Modi (CFO)
- Madhuri Sharma (Company Secretary)
Mamata Machinery’s stellar debut is a testament to its market potential and the overwhelming demand for high-growth manufacturing companies. The IPO’s remarkable listing premium has cemented its position as one of the year’s standout entries in the stock market.
