Mamata Machinery IPO booked 195 times on Day 3; share allotment tomorrow; here’s how to check status online

Mamata Machinery IPO allotment status is scheduled to be finalised on Tuesday, December 24.

The investors, waiting for the share allotment to be finalised by the company, can check the details on the NSE, BSE websites. The status allotment status can also be checked on the portal of the issue registrar, Link Intime India.

The company aims to raise ₹179.39 crore from the primary market through its IPO, which opened for subscription on December 19. The mainboard issue continued to garner robust demand from investors on the last day of bidding on Monday, December 23.

The initial public offering of the manufacturer of machines for making plastic bags and pouches, was subscribed more than 194 times with bids for over 100 crore shares against 51.78 lakh shares on offer, as per the NSE data till 5 pm.

The Qualified Institutional Buyers (QIBs) booked their quota 235.8 times with applications for over 34.66 crore shares against 14.69 lakh shares on offer. The Non-Institutional Investors (NIIs) subscribed their category 274.38 times with bids for more than 30.23 crore shares against 11.02 lakh shares set aside for them. The retail portion of the IPO was booked over 138 times with bids for more than 35.50 crore shares against 25.71 lakh shares on offer.

The employees of the company booked their quota 153.26 times by applying for more than 53.64 lakh shares against 35,000 shares reserved for them.

Mamata Machinery had raised ₹53.56 crore from anchor investors ahead of the launch of the IPO. The company allotted 22.04 lakh equity shares to seven anchor investors at ₹243 apiece.

• Visit the NSE IPO allotment status page, HERE.
• Log in with your User ID and Password. The new investors need to register on the NSE website in order to check the IPO allotment status.
• Select Mamata Machinery Limited from the list of IPO names.
• Enter your application number and PAN details
• Click ‘Submit’ to view the status of your IPO allotment.

• Open the IPO allotment status page on the official website of issue registrar, Link Intime India: https://linkintime.co.in/initial_offer/public-issues.html.
• Select Mamata Machinery Limited from the drop down menu for company names.
• Choose any of these- PAN, Application Number, DP ID or Account Number.
• Enter the relevant details for verification.
• Click on the ‘Submit’ button.

It’s important to note that the IPO allotment status will only appear after the company finalises the share allocation. The IPO allotment status can also be checked in the BSE website using the PAN and application number details.

Mamata Machinery IPO key details

• Mamata Machinery IPO comprises only an offer-for- sale (OFS) component of 73.28 lakh shares. The issue does not include any fresh issue component.
• The company has fixed the price band at ₹230 to ₹243 per share for the IPO. The minimum lot size is 61 shares for the retail investors.
• Beeline Capital Advisors Private Ltd is the book-running lead manager of the Mamata Machinery IPO for the issue.
• The IPO allotment status is expected to be finalised on Tuesday, December 24.
• Refunds will be issued on Thursday, December 26, and the allottees will also receive shares in the Demat accounts the same day.
• The company has proposed to list its shares on the BSE and NSE on December 27.

About Mamata Machinery and use of IPO proceeds

Mamata Machinery Ltd, incorporated in 1989, is a leading manufacturer and exporter of plastic bag or pouch making machines globally. It has a presence in more than 75 countries. It is the first Indian company to introduce plastic bag making machines with stepper motor, drive and microprocessor controller, and without conventional clutch-brake, rack-pinion assembly.

Through the listing on the stock exchanges, Mamata Machinery looks forward to enhancing its visibility as well as brand recognition, while providing liquidity to its existing shareholders, and establishing a public market for equity shares. Since the IPO of Mamata Machinery is purely structured as an Offer for Sale (OFS), the company will not receive any of the proceeds raised from the maiden issue.