Mamata Machinery Ltd is all set for its much-anticipated stock market debut today, December 27, 2024, with trading commencing at 10:00 AM IST on both the BSE and NSE. Shares will be listed in the ‘T’ Group of Securities, as confirmed by a notice from the BSE, and will participate in a Special Pre-open Session (SPOS) before trading officially begins.
Overwhelming IPO Subscription
The Mamata Machinery IPO, which concluded on December 23, received an astonishing subscription rate of 194.95 times, underlining significant interest from all categories of investors. The allotment of shares was finalized on December 24, with shares credited to successful applicants’ demat accounts by December 26. Unsuccessful applicants have already received refunds.
Predicted Listing Price and Grey Market Buzz
Mamata Machinery shares are commanding a ₹260 grey market premium (GMP), reflecting robust investor sentiment. Based on the upper end of the IPO price band of ₹243 per share, the stock is expected to list at an impressive ₹503 per share, representing a 107% premium.
Market experts note that the GMP trend has been consistently upward, with values ranging from ₹75 to ₹260 over the past two weeks, highlighting strong demand for the stock in the unlisted market.
What Analysts Say
Prathamesh Masdekar, Research Analyst, StoxBox
Masdekar emphasizes the strategic growth potential of Mamata Machinery. With plans to strengthen customer relationships, expand its product range, and ramp up production capacity, the company is positioned to meet growing demand while improving efficiency. He recommends medium- to long-term holding for investors who have been allotted shares.
Prashanth Tapse, Sr. VP (Research), Mehta Equities Ltd
Tapse believes the IPO’s high demand stems from reasonable valuations, offering strong listing gains for new investors. He expects the stock to deliver nearly 100% returns on its issue price, citing the company’s sound fundamentals and robust market interest.
Shivani Nyati, Head of Wealth, Swastika Investmart Ltd
Nyati highlights Mamata Machinery’s global presence, including a manufacturing facility in the US, as well as its solid revenue growth and attractive valuations. She considers the IPO’s overwhelming response and 195x subscription rate as indicators of a promising debut.
Company Highlights
Mamata Machinery is a leading global exporter of machinery for manufacturing bags and pouches. The company’s strong fundamentals, steady revenue growth, and international footprint make it a compelling player in its industry.
IPO Snapshot
- Issue Price Band: ₹243 per share
- Grey Market Premium (GMP): ₹260
- Estimated Listing Price: ₹503 (107% premium)
- Subscription Rate: 194.95 times
- Registrar: Link Intime India
Investor Outlook
The expected 107% premium listing and Mamata Machinery’s strategic growth initiatives make this IPO a standout. Analysts recommend holding the stock for medium- to long-term gains, while non-allotted investors can watch for dips post-listing to accumulate positions. With a strong debut on the cards, Mamata Machinery is set to make waves in the stock market today.
