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Mamata Machinery IPO Share Price Highlights: Stock hits 5% upper circuit after listing at 146.91% premium on NSE
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5 min read | Updated on December 27, 2024, 15:40 IST
SUMMARY
Mamata Machinery IPO Share Price: Mamata Machinery shares were listed at ₹600 apiece on the National Stock Exchange (NSE) on Friday, a premium of 146.91% to the issue price of ₹243 apiece.
Mamata Machinery is involved in manufacturing packaging machines.
Mamata Machinery IPO Listing, Share Price Live Update at 3:40 pm: Mamata Machinery shares settled at ₹630, hitting a 5% upper circuit in the debut trade. The stock listed at a 146.91% premium on the NSE.
Mamata Machinery IPO Listing, Share Price Live Update at 3:10 pm: Market capitalisation
The market capitalisation of the company stands at ₹1,550.29 crore.
Mamata Machinery IPO Listing, Share Price Live Update at 2:16 pm: With listing at 146.91% premium, investors would be sitting at a profit of ₹21,777 on listing of Mamata Machinery shares. The minimum investment requirement was ₹₹14,823 for one lot consisting 61 shares.
Mamata Machinery IPO Listing, Share Price Live Update at 1:43 pm: On the BSE, the stock hit 5% upper circuit to ₹629.95 apiece on the National Stock Exchange.
Mamata Machinery IPO Listing, Share Price Live Update at 1:27 pm: Senior management
- Apurva Kane, Chief Executive Officer
- Dipak Modi, Chief Financial Officer
- Madhuri Sharma, Company Secretary and Compliance Officer
- Dharmisth Patel, President, MEI USA
Mamata Machinery IPO Listing, Share Price Live Update at 12:45 pm: Mamata Machinery shares are locked in a 5% upper circuit after stellar debut.
Mamata Machinery IPO Listing, Share Price Live Update at 12:16 pm: Shares of Mamata Machinery Ltd made a robust debut on Friday, listing with a massive premium of nearly 147%, against the issue price of ₹243.
On the NSE, shares of the firm listed at ₹600, up 146.91%.
Mamata Machinery IPO Listing, Share Price Live Update at 11:44 am: Board of Directors
- Mahendra Patel, Chairman and Managing Director
- Chandrakant Patel, Joint Managing Director
- Ruchita Patel, Independent Director
- Neha Nowlakha, Independent Director
- Subba Bangera, Independent Director
- Munjal Patel, Independent Director
Mamata Machinery IPO Listing, Share Price Live Update at 11:26 am: Trading stats
- Traded volume: 25.50 lakhs
- Traded value: ₹156.38 crore
- Total market cap: ₹1,550.29 crore
Mamata Machinery IPO Listing, Share Price Live Update at 10:53 am: Price information
- Current price: ₹630 (+5%)
- Issue price: ₹243
- Open: ₹600
- High: ₹630
- Low: ₹600
Mamata Machinery IPO Listing, Share Price Live Update at 10:32 am: The company's market capitalisation stands at ₹1,550.29 crore, as shares hit a 5% upper circuit to trade at ₹630 apiece.
Mamata Machinery IPO Listing, Share Price Live Update at 10:08 am: Mamata Machinery shares hit a 5% upper circuit at ₹630 apiece after listing at a 146.91% premium on the NSE.
Mamata Machinery IPO Listing, Share Price Live Update at 10:01 am: After listing at 146.91% premium, shares of Mamata Machinery were trading at 606.10 apiece, up 1%, on the National Stock Exchange.
Mamata Machinery IPO Listing, Share Price Live Update at 9:54 am: The stock debuted at a premium of 146.91% at ₹600 apiece on the BSE.
Mamata Machinery IPO Listing, Share Price Live Update at 9:43 am: Mamata Machinery shares were listed at ₹600 apiece on the National Stock Exchange (NSE) on Friday, a premium of 146.91% to the issue price of ₹243 apiece.
Mamata Machinery IPO Listing, Share Price Live Update at 9:38 am: Shares to list on the NSE and the BSE shortly.
Mamata Machinery IPO Listing, Share Price Live Update at 9:22 am: Subscription details
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 235.88 |
| Non-institutional Investors (NIIs) | 274.38 |
| Retail | 138.08 |
| Total | 194.95 |
Mamata Machinery IPO Listing, Share Price Live Update at 9:08 am: Financials
| Particulars | FY22 | FY23 | FY24 | Q1FY25 |
|---|---|---|---|---|
| Revenue | ₹192.25 cr | ₹200.87 cr | ₹236.61 cr | ₹27.62 cr |
| Net Profit | ₹21.70 cr | ₹22.51 cr | ₹36.13 cr | ₹0.22 cr |
Mamata Machinery IPO Listing, Share Price Live Update at 8:56 am: Issue's book running lead manager
Beeline Capital Advisors was the issue's lead book-running manager, while Link Intime India Pvt Ltd was the registrar.
Mamata Machinery IPO Listing, Share Price Live Update at 8:43 am: Objectives
As it is entirely an offer for sale, the company will not receive any proceeds from the IPO.
The company said that the objective of the public offer is to gain the advantages of listing shares on the stock exchanges.
Mamata Machinery IPO Listing, Share Price Live Update at 8:32 am: What was the IPO timeline?
The issue was live for subscription from December 19 to December 23. The allotment status was finalised on December 25. The Mamata Machinery share listing will take place on December 27.
Mamata Machinery IPO Listing, Share Price Live Update at 8:25 am: Price Band
The company had fixed a price band of ₹230-₹243 per share.
Mamata Machinery IPO Listing, Share Price: Mamata Machinery shares will hit the secondary market on Friday, December 27, following a robust subscription. Mamata Machinery IPO allotment status was finalised on Wednesday.
The ₹179.39 crore Mamata Machinery IPO was subscribed 194.95 times. The book-built issue was open for subscription from December 19 to December 23.
Mamata Machinery IPO listing date and time
Shares of Mamata Machinery will be listed on the NSE and the BSE on Friday at 10 am.
Mamata Machinery, which sells its products under the 'Win' and 'Vega' brand names, is involved in manufacturing packaging machines.
To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.
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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.
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