Mamata Machinery IPO: Check Latest GMP, Likely Listing Date And Subscription Status

Mamata Machinery IPO: The initial public offering ( IPO ) of Mamata Machinery which opened on December 19 and closed on December 23 got subscribed a whopping 194.95 times. Its allotment was finalised on Tuesday, December 24 and investors can check their allotment status on the bourses.

The IPO is a book-built issue of ₹179.39 crores. The issue is entirely an offer for sale (OFS) of 0.74 crore shares. The anchor investors of the Mamata Machinery IPO include 3P India Equity Fund, Belgrave Investment Fund and Aarth AIF, among others. The price band of Mamata Machinery IPO was fixed at Rs 243 apiece.

Mamata Machinery IPO: Subscription Status

At the end of the subscription window, the portion for Non-Institutional Investors was subscribed 274.38 times, QIB's were subscribed 235.88 times and RII's 138.08 times.

Mamata Machinery IPO GMP

The grey market premium of the Mamata Machinery IPO is ₹260, going by which the likely listing price of Mamata Machinery IPO is Rs 503. GMP or Grey Market Premium is the price the secondary market participants are willing to pay for the stock. It is, however, a dynamic value and changes with changing demand.

The GMP of Mamata Machinery has remained steady despite several fluctuations in the broader markets. According to reports, the company's shares are trading at a premium of ₹260 in the unlisted market and this indicates a potential listing gain of over 100 per cent. 

Likely Listing Date

The listing date for the Mamata Machinery IPO is likely to be December 27. Mamata Machinery is a manufacturer of pick-fill-seal, horizontal form-fill-seal and multi-lane sachet machines.