Mamata Machinery Share Price Live Updates: Mamata Machinery IPO opens its public issue on Friday, December 27 at 10:00 in the IST trading on the stock exchanges. According to website of BSE the scrip of the company will be listed in a special pre-open session for both BES as well NSE during trading on Friday. Mamata Machinery’s share price will be accessible for trading from 10:00 IST today.
The BSE shared a notice that Mamata Machinery’s shares will be under the ‘T’ Group of Securities while the stock will open earliest in SPOS on Friday in the year of December 27, 2024.
Mamata Machinery which opened for subscription on Thursday December 19 got subscribed 194.95 times on the last day of bidding Monday December 23. The issue price to the public was between ₹ 230/- to ₹ 243/- of an equity share with a face value of ₹ 10/- each. Anchor investors invested ₹53 crore to the company.
IPO is from Gujarat and comprises solely the OFS by the company’s promoters of 73.82 lakh equity shares to be priced at ₹169, ₹179, and ₹189 each at the upper end of the band with aggregate value of ₹179.38 crore. Specifically, being an OFS, the Company will not be receiving any monies out of the public offer as all the sales proceeds shall go to the selling shareholders.
The main purpose of the IPO, going by the statement of the company, is to offer its equity shares to the stock markets. Mamata Machinery lays down a complete spectrum of manufacturing services for the packaging industry. The company sells its products under the brands; Vega and Win in the whole value chain in the flexible packaging business.
Also Read: Why Have NMDC Shares Fallen 67% on Some Trading Platforms
+ There are no comments
Add yours