Mamta Machinery's IPO was booked 38 times; Retail share booked more than 50.88 for the second day

Investor response to Mamta Machinery IPO is excellent; The first share sale on Friday, the second day of bidding, was subscribed more than 34 times.

According to NSE bid data, bids were received for 20.12 crore shares against 51.78 lakh shares on offer worth Rs 179.39 crore, resulting in subscription of 38.86 times.

Membership in all categories

As against 25,71,569 shares reserved for them, retail investors bid for 13,61,96,591 shares and booked their share 52.96 times.

The non-institutional investors (NII) portion received 50.88 times subscription with bids for 5,60,74,738 shares, compared to 11,02,101 equity shares available.

Their quota was exceeded by 4.74 times the subscription, due to bids for 69,67,420 shares as against 14,69,557 shares reserved for qualified institutional buyers (QIBs).

IPO size and structure

Mamta Machinery's IPO is a book-built offering of Rs 179.39 crore. The entire issue comprises an offer for sale of 0.74 crore shares.

73,82,429 shares have been offered in Mamta Machinery IPO. QIBs were 14,69,557 (19.91 percent), NIIs were 11,02,101 (14.93 percent), RIIs were 25,71,569 (34.83 percent), employees were 35,000 (0.47 percent), and anchor investors were 22,04,202 (29.86 percent).

Price Band and Minimum Bid

The price range for Mamta Machinery's IPO is between Rs 230 to Rs 243 per share.

The minimum lot size of an application must be 61. Retail investors will have to invest a minimum of Rs 14,823. Both SNII and BNII require a minimum investment of 14 lots, consisting of 854 shares or Rs 2,07,522, and 68 lots of 4,148 shares, amounting to Rs 10,07,964, respectively.

Listing and Membership Dates

Subscription for Mamta Machinery IPO went live on December 19, 2024 and bidding will end on December 23, 2024.

The allotment for Mamata Machinery IPO is expected to be finalized on Tuesday, December 24, 2024. Mamta Machinery's initial public offering (IPO) is scheduled to be listed on BSE and NSE on Friday, December 27, 2024.

IPO Proceedings Usage

The Selling Shareholders will receive all the proceeds of the Offer after deducting the Offer-related costs, which will be borne by the Selling Shareholders. The company will not receive any proceeds from the offer.