Mamata Machinery IPO: A Stellar Market Debut
Mamata Machinery, a prominent player in the packaging machinery industry, made waves in the stock market with its highly successful Initial Public Offering (IPO). Listed on December 27, 2024, the shares made a robust debut on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), opening at ₹600 per share. This marked a remarkable 147% premium over the IPO issue price of ₹243. Key IPO Highlights The IPO was launched with a price band of ₹230–₹243 per share, aiming to raise ₹179.39 crore. This offering consisted of 74 lakh shares, sold by promoters and other stakeholders. Investor response was exceptional, with the issue being oversubscribed by 194.95 times. This strong interest came from retail participants, institutional investors, and high-net-worth individuals, demonstrating widespread confidence in the company. Grey Market Premium and Listing Gains Prior to its market debut, Mamata Machinery’s shares were trading at a grey market premium (GMP...