Mamata Machinery Limited, a leading manufacturer and exporter of plastic bag and pouch-making machines, is set to launch its Initial Public Offering (IPO) on December 19, 2024. This article provides a comprehensive overview of the company’s IPO details, financials, strengths, risks, and other pertinent information for potential investors.

Company Overview

Established in 1989 and headquartered in Ahmedabad, Gujarat, Mamata Machinery Limited specializes in producing plastic bag and pouch-making machines, packaging machines, and extrusion equipment. The company offers end-to-end manufacturing solutions for the packaging industry, serving clients across various sectors, including FMCG, food, and e-commerce. With a global presence in over 75 countries, Mamata Machinery has built a strong reputation for innovation and quality.

IPO Timeline

• Opening Date: December 19, 2024
• Closing Date: December 23, 2024
• Listing Date: December 27, 2024

Price Band and Lot Size

• Price Band: ₹230 to ₹243 per equity share
• Lot Size: 61 shares
• Minimum Investment: ₹14,823

Key Dates

• Basis of Allotment Finalization: December 24, 2024
• Initiation of Refunds: December 26, 2024
• Credit of Shares to Demat Accounts: December 26, 2024
• Commencement of Trading: December 27, 2024

Financials

As per the financial year ending March 31, 2023, Mamata Machinery Limited reported:

• Revenue: ₹200.87 crore
• Profit After Tax (PAT): ₹22.51 crore
• Net Worth: ₹127.38 crore

These figures indicate a steady financial performance with consistent revenue and profit growth.

Strengths

• Global Presence: Operations in over 75 countries, providing access to diverse markets.
• Innovative Solutions: Strong focus on innovation with patented designs.
• Strategic Manufacturing Locations: Facilities in India and the USA support cost-effective production.

Risks

• Customer Concentration: Dependence on top 10 customers for 29.19% of revenue.
• Raw Material Price Volatility: Fluctuations may impact profit margins.

IPO Anchor Investors Details

Information regarding anchor investors has not been disclosed as of now.

IPO Promoter Holding

The promoters of the company are:

• Mahendra Patel
• Chandrakant Patel
• Nayana Patel
• Bhagvati Patel
• Mamata Group Corporate Services LLP
• Mamata Management Services LLP

IPO Grey Market Premium (GMP)

As of December 14, 2024, the Grey Market Premium for Mamata Machinery IPO is approximately ₹75 per share.

Final Thoughts

Mamata Machinery Limited’s upcoming IPO offers investors an opportunity to invest in a well-established company with a strong global presence in the packaging machinery industry. Potential investors should carefully consider the company’s financial performance, market position, and associated risks before making investment decisions.