Mamta Machinery’s IPO created a stir on listing, the stock priced at Rs 243 reached Rs 630.

Mamata Machinery IPO Listing: Mamta Machinery’s IPO has had a profitable itemizing on the stock change. The stock with challenge value of Rs 243 has been listed at Rs 600 with a bounce of 147 p.c. But the rise in the stock didn’t cease right here and after itemizing the stock rose by one other 5 p.c. With a bounce of 5 p.c, the stock reached Rs 630, after which the stock hit higher circuit. That means, this IPO has given a return of 160 p.c to the traders who’ve been allotted shares of Mamta Machinery.

Money raised at challenge value of Rs 243

Mamta Machinery had raised Rs 179.39 crore from the capital market by IPO. And the total cash in the IPO was raised by supply on the market of 0.74 crore shares. The firm’s IPO was open for traders’ purposes from December 19 to December 23. Shares have been allotted to profitable traders on 27 December. Mamta Machinery had fastened the value band of IPO at Rs 230 to Rs 243. In which the firm’s staff got a low cost of Rs 12 per share.

IPO received bumper response

Mamta Machinery’s IPO received a sturdy response from traders. The IPO was closed after being subscribed a complete of 195 instances. In which the class of institutional traders was subscribed 235.88 instances, the class of non-institutional traders was subscribed 274 instances, and the class of retail traders was subscribed 138 instances.

What does Mamata Machinery do?

Mamta Machinery Limited was established in 1979. The firm manufactures and exports plastic luggage, pouches, packaging, and extrusion tools machines. FMCG, meals and beverage firms are the shoppers of Mamta Machinery. Till May 31, 2024, the firm has exported its machines to 75 nations. In the monetary 12 months 2022-23, the firm’s income was Rs 210 crore and internet revenue was Rs 22.51 crore. Whereas in 2023-24, the income was Rs 241.31 crore and the firm had a revenue of Rs 36.13 crore.

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