Mamata Machinery IPO allotment: How to check status online on Link Intime India, NSE, BSE

Mamata Machinery IPO allotment status is likely to be finalised on Tuesday, December 24, following a successful subscription that saw a staggering response from investors.

Investors who applied for Mamata Machinery IPO can check the status online on the websites of the NSE, the BSE and the official registrar, Link Intime India Pvt Ltd.

The packaging machinery manufacturer's initial share sale fetched an enormous 194.95 times subscription during the three-day bidding period.

According to NSE data, the ₹179.39-crore offer received bids for 100.94 crore shares, compared to 51.78 lakh shares on offer.

The demand was led by non-institutional investors, who subscribed their part 274.38 times. The qualified institutional buyers portion fetched 235.88 times the subscription, while retail investors chunk mopped up 138.08 times the subscription.

Prior to the IPO, the company had garnered ₹53.56 crore from anchor investors.

How to check Mamata Machinery IPO allotment status on NSE

• First, visit the bid verification page of NSE, HERE.
• Log in using your ID and password or sign up
• From IPO names, select 'Mamata Machinery Ltd'
• Enter your application number and PAN details
• Click on the 'Submit' button.

Steps to check Mamata Machinery IPO allotment status on Link Intime India

• Visit Link Intime India's website - https://linkintime.co.in/initial_offer/public-issues.html.
• Choose Mamata Machinery Ltd from the drop-down menu.
• Enter any of these- PAN, application no, DP ID or account no.
• Fill in relevant details for verification.
• Click on the 'Submit' button.

Mamata Machinery IPO listing date

Shares of Mamata Machinery will be listed on the NSE and the BSE on Friday, December 27.

Since it is an OFS, the proceeds of the issue will go to the selling shareholders.

The company expects that listing its shares on the stock exchanges will boost its image and visibility, as well as provide liquidity to its shareholders.

The company stated that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.

About the company

Mamata Machinery is a manufacturing solutions provider for the packaging industry. It sells machines under the 'Vega' and 'Win' brand names and offers a wide range of products for the entire flexible packaging market.