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Mamata Machinery Share Price Live: Stock rises 5% post blockbuster debut; co lists at 147% premium over IPO price
27 Dec 2024 | 12:39:18 PM IST
Mamata Machinery shares list at 147% premium vs IPO price
Synopsis
Mamata Machinery Share Price Live (27 Dec 2024): Mamata Machinery shares made a strong debut on Friday, listing at a remarkable premium of 146.91%. The stock opened at Rs 600 on both the BSE and NSE, compared to the issue price of Rs 243. The IPO, which was open for subscription from December 19 to December 24, saw an overwhelming response, with a subscription rate of nearly 195 times.
Mamata Machinery Share Price Live Updates: Despite a downturn in the stock market last week, the Mamata Machinery IPO saw an overwhelming response from all categories of investors, with an overall subscription of 194 times. Analysts believe the strong demand was driven by reasonable valuations, which offered attractive listing gains for new investors.
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Mamata Machinery Share Price Live | Post listing view on Mamata Machinery IPO by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
As expected Mamata Machinery listing saw strong debut, delivering more than 100% return on its issue price. Such bumper listing is justified on the back of reasonable valuations and massive response from all sets of investors with an overall subscription of 194 times.
Considering market sentiments, we recommend conservative allotted investors to book profits. While long term investors should consider to HOLD IT FOR LONG TERM despite knowing short term volatility & risk in the markets. As industries increasingly shift toward automation and flexible packaging solutions, Mamata’s strong customer relationships, extensive global distribution network and emphasis on after-sales services enable repeat business and foster brand trust, we believe well-positioned to capitalize on this growth.
Considering market sentiments, we recommend conservative allotted investors to book profits. While long term investors should consider to HOLD IT FOR LONG TERM despite knowing short term volatility & risk in the markets. As industries increasingly shift toward automation and flexible packaging solutions, Mamata’s strong customer relationships, extensive global distribution network and emphasis on after-sales services enable repeat business and foster brand trust, we believe well-positioned to capitalize on this growth.
We recommend conservative allotted investors can think of booking profits above our expectations. While long term investors should consider to HOLD IT FOR LONG TERM despite knowing short term volatility & risk in the markets. For non-allotted investors, we advise to accumulate if we get dips post listing due to profit booking attempts.
- Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
Mamata Machinery Share Price Live: Shares rise 5% post blockbuster debut
Mamata Machinery Share Price Live: Mamata Machinery shares list at 147% premium vs IPO price
Mamata Machinery shares made a strong debut on Friday, listing at a remarkable premium of 146.91%. The stock opened at Rs 600 on both the BSE and NSE, compared to the issue price of Rs 243.
Despite a downturn in the stock market last week, the Mamata Machinery IPO saw an overwhelming response from all categories of investors, with an overall subscription of 194 times. Analysts believe the strong demand was driven by reasonable valuations, which offered attractive listing gains for new investors.
Despite a downturn in the stock market last week, the Mamata Machinery IPO saw an overwhelming response from all categories of investors, with an overall subscription of 194 times. Analysts believe the strong demand was driven by reasonable valuations, which offered attractive listing gains for new investors.
Mamata Machinery Share Price Live: Mamata Machinery debuts with 146.91% premium over IPO price
- BSE: Rs 600, up 146.91%
- NSE: Rs 600, up 146.91%
Mamata Machinery Share Price Live: Business details
It primarily sells packaging machinery to direct consumer brands serving the FMCG, food, and beverage industries, as well as bag and pouch making machines to converters and service providers, who primarily cater to the FMCG and consumer sectors. MML’s machinery is also used in non-packaging applications, such as e-commerce bags and garment packaging bags.
Mamata Machinery Share Price Live: Pre and post issue shareholding pattern
Expected listing gain is justified as we believe the company has left something on table to reward new investors with reasonable valuations. We also believe Mamata Machinery Ltd IPO brings investors to invest in a player in the packaging machinery industry, known for its precision and automated solutions. As industries increasingly shift toward automation and flexible packaging solutions, Mamata’s strong customer relationships, extensive global distribution network and emphasis on after-sales services enable repeat business and foster brand trust, we believe well-positioned to capitalize on this growth.
- rashanth Tapse, Senior VP (Research), Mehta Equities Ltd
Mamata Machinery Share Price Live Updates: Key risks for the company
- Impact of price fluctuations, material shortages, and supply disruptions on costs, timelines, and financial performance.
- Dependence on FMCG, food & beverage, and consumer industries.
- Risks of failing to maintain optimal inventory levels.
- Revenue concentration in the second half of the fiscal year.
- Unfavorable foreign currency exchange rates.
- Competition.
Mamata Machinery Share Price Live Updates: Key strenghts
- Customized systems and products through advanced manufacturing infrastructure and material expertise.
- Technology-driven operations with emphasis on quality, innovation, and market-driven product development.
- Among the leading exporters of machinery for bag and pouch making, packaging, and co-extrusion blown film equipment and attachments.
- Skilled and experienced management team with a committed workforce.
As industries increasingly shift toward automation and flexible packaging solutions, Mamata’s strong customer relationships, extensive global distribution network and emphasis on after-sales services enable repeat business and foster brand trust, we believe well-positioned to capitalize on this growth.
- Rajan Shinde, Research Analyst, Mehta Equities
Mamata Machinery Share Price Live Updates: About the company
Mamata Machinery designs and exports machines for making plastic bags and pouches, packaging equipment, and extrusion machinery. It offers comprehensive manufacturing solutions for the packaging sector. The products produced using its machines are widely used in various industries for packaging applications, including food and FMCG products.
Mamata Machinery Share Price Live Updates: GMP rises 100%
Mamata Machinery is highlighting a GMP of Rs 245, against an issue price of Rs 243, reflecting a premium of over 100%.
Mamata Machinery Share Price Live Updates: Listing date & time
Mamata Machinery shares will list on the exchanges today, December 27, 2024 at 10.00 am.
Mamata Machinery Share Price Live Updates: Reliance Securities on Mamata Machinery Listing
MML has a comprehensive product portfolio with diverse applications serving both packaging (FMCG, e-commerce) and non-packaging sectors (garment bags, hygiene bags) having an extensive client base both in domestic and 65% exports markets revenues reflecting a well-diversified global reach. MML’s innovative and technological leadership team with 4 patents granted is targeting Europe, Africa and the Middle East to enhance global presence which will improve market share and margins going forward in the coming years optimizing costs efficiency and broadening the product innovation in food packaging and other sectors.
Mamata Machinery Share Price Live Updates: Lead Managers
The lead manager of the issue is Beeline Capital Advisors, while Link Intime India acted as the registrars.
Mamata Machinery Share Price Live Updates: Anchor Investors
Mamata Machinery IPO secured Rs 53.56 crore from anchor investors before the opening of the IPO.
Mamata Machinery Share Price Live Updates: IPO Proceeds
Mamata Machinery will not be receiving any proceeds from the IPO. Instead, all the funds raised through the offering will go to the selling shareholders, after deducting IPO-related expenses.
Mamata Machinery Share Price Live Updates: Subscription
Mamata Machinery’s IPO bidding period ran from December 19 to December 23. The IPO was subscribed an astounding 194.95 times.
Mamata Machinery Share Price Live Updates: GMP
As per recent trends, the shares of Mamata Machinery were commanding a premium of Rs 261. This suggests that the stock is expected to list at approximately Rs 504 per share, which is 107% higher than its IPO price of Rs 243.
