IPO (initial public offering) of Mamata Machinery has been concluded after a three-day bidding period on Monday, December 23, 2024. The company is to finalize the allotment on Tuesday, December 24. The IPO saw a massive overall subscription, reaching 194.95 times the available shares on the third day. As per the NSE data, the issue received the bids for 100.94 crore shares, significantly exceeding the 51.78 lakh shares available. Here’s how different groups subscribed:
- Qualified Institutional Bidders (QIBs): 235.88 times.
- Non-institutional investors (NIIs): 274.38 times.
- Retail investors: 138.08 times their allotted quota.
The company’s IPO started on December 19, 2024, and concluded on December 23, 2024. The company aimed to raise Rs 179.39 crores from this share sale. Furthermore, the minimum investment requirement was 61 shares. The company offered 51,78,227 shares for sale, with a price band of Rs 230 to Rs 243 apiece.
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Mamata Machinery IPO: GMP
In the grey market, Mamata Machinery Ltd’s shares maintained a premium of Rs 260. Furthermore, this suggests a potential listing price of Rs 503, representing a significant 107% premium from the upper band of IPO price of Rs 243.
How To Check Share Allotment Status?
Registrar’s Website
- Go on to the Link Intime India’s website – https://linkintime.co.in/initial_offer/public-issues.html.
- From the drop-down menu, select Mamata Machinery Ltd.
- Provide your application number, Permanent Account Number (PAN), DP ID or Demat account number.
- Enter the relevant details for verification.
- Tab on the ‘Submit’ button.
NSE Website
- Go on the bid verification page of NSE: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- Log in with your User ID and password, if registered, or register yourself.
- Choose ‘Mamata Machinery Ltd’ from the IPO names menu.
- Provide the application number and PAN details.
- Tab onto the ‘Submit’ button.
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