How To Check Mamata Machinery IPO Allotment Status? Find Latest GMP, Listing Details Here

The allotment for the Mamata Machinery IPO is expected to be finalised on Tuesday, December 24, after a successful conclusion of the bidding process. The mainboard issue saw a massive demand from investors, with the issue getting subscribed 194.95 times at the end of Day 3. Institutional and non-institutional investors led the demand. The bids received are worth over Rs 24,500 crore.

Retail investors booked 138.08 times the shares reserved for the category, while the non-institutional investors’ quota was subscribed 274.38 times. The qualified institutional buyers’ portion in the IPO was overbooked 235.88 times. Employees applied for 153.27 times the shares set aside for them.

The mainboard issue is an entirely offer-for-sale of 74 lakh shares amounting to Rs 179.39 crore.

The Mamata Machinery IPO price band was fixed at Rs 230 to Rs 243 per share.

Investors who have applied for Mamata Machinery IPO shares can check their share allotment status on BSE and the registrar Link Intime India’s websites.

• Visit the IPO allotment page on the BSE website here. 

• Click on 'Equity' under the Issue Type dropdown menu.

• Select 'Mamata Machinery Ltd.' under the company name.

• Enter your application number or PAN. 

• Clear the 'Captcha' to verify that you are not a robot.

• Select the 'Search' option to view your allotment status.

• Visit the IPO allotment page on Link Intime India here.

• From the dropdown menu, select 'Mamata Machinery Ltd.' from the list of companies. 

• Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC.

• Enter the required details based on your selection.

• Click on 'Submit' to check allotment details.

The grey market premium of the Mamata Machinery IPO was Rs 260 as of 8:32 am on Tuesday, December 24. This indicates a listing gain of 107%, with the listing price of Rs 503 apiece, according to InvestorGain.

The GMP trends have so far remained constant from the day the IPO opened for subscription.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Shares of Mamata Machinery will list on BSE and NSE with a tentative listing date fixed as Friday, December 27.

With an overall subscription of 194.95 times, the initial public offering of Mamata Machinery Ltd. became the 5th most subscribed issue of 2024, just behind the Gala Precision Engineering IPO which was subscribed just over 200 times and ahead of Unicommerce eSolutions IPO which was booked 168.35 times.

Promoters Mahendra, Nayana and Bhagvati Patel will sell a total of 37.3 lakh shares, while Mamata Group Corporate Services LLP and Mamata Management Services LLP will offer up to 36.5 lakh shares.

At the time of filing the red herring prospectus, the promoters and promoter group held a 92.45% stake in the Ahmedabad-based machine manufacturer. Since the IPO is entirely an OFS, proceeds from the offer will go directly to the selling shareholders.

The company raised Rs 53.6 crore from anchor investors a day ahead of the launch of its IPO. It allotted 22.04 lakh shares at Rs 243 apiece to seven anchor investors.

Mamata Machinery will not receive any proceeds from the IPO since it is an entirely offer-for-sale issue by the selling shareholders.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.