Mamta Machinery has made a great debut in the stock market. Its shares were listed on BSE and NSE at a premium of 146.91% over the issue price. After the listing, there was a 5% upper circuit in the shares of the company, due to which the share price reached Rs 629.95 on BSE and Rs 630 on NSE. The issue price of the company was Rs 230-243 per share. After listing, the share price has increased by more than 160% so far.
IPO size and investors’ interest
- Issue Size:
Mamta Machinery’s IPO was worth Rs 179.39 crore. - issued shares:
The company issued 74 lakh shares as offer for sale under the IPO. - Opening and Closing:
- The IPO opened on 19 December and remained open for retail investors till 23 December.
- It opened for anchor investors on December 18 itself.
Lot size and employee discounts
- The lot size of the IPO was 61 shares.
- For the minimum investment, investors had to stake Rs 14,823.
- The company gave a special discount of Rs 12 per share to its employees.
Great response in subscription
- 194 times subscription:
- Mamta Machinery’s IPO received an overwhelming response from investors.
- The IPO received a total subscription of 194 times.
- Category wise subscription:
- Employee quota: 153 times.
- Retail Category: 138 times.
- Contribution of Anchor Investors:
- The company raised Rs 53.56 crore from anchor investors.
Company’s global presence
There is global demand for Mamta Machinery’s products.
- Export to 75 countries:
- The company exports its products to more than 75 countries.
- Sales Agent Network:
- Strong sales agent network in Europe, South Africa, and Asia.
