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Mamata Machinery IPO Listing Date: Unlisted shares of Mamata Machinery Ltd are buying and selling at Rs 498 per share within the gray market, which is a premium of 104.94 per cent. It signifies an enormous itemizing on December 27.
Mamata Machinery IPO Listing Date.
Mamata Machinery IPO Listing Date, Latest GMP: The allotment of the Mamata Machinery IPO has been finalised. The preliminary public providing of Transrail Lighting Ltd, which had closed on Monday, acquired a whopping 194.95 instances subscription. The Mamata Machinery IPO itemizing will happen on Friday, December 27, and the newest GMP stands at 104.94 per cent, signalling a blockbuster itemizing which may double buyers’ cash on Friday.
The preliminary public providing of Mamata Machinery Ltd, which was opened on between December 19 and December 23, acquired an total 194.95 instances subscription. The retail class recieved a 138.08 instances subscription in complete, the NII (non-institutional buyers) portion received 274.38 instances subscription. Its QIB (certified institutional purchaser) class has been subscribed by 235.88 instances.
The worth band of the IPO was fastened at Rs 265 to Rs 279 apiece.
The shares of Mamata Machinery Ltd are scheduled to be listed on each BSE and NSE on December 27, Friday.
The IPO allotment can be finalised on the Monday night. Once allotted, buyers will obtain a financial institution debit message. They can even verify the IPO allotment standing on the web sites of BSE and NSE, in addition to on registrar Link Intime’s portal.
Mamata Machinery IPO GMP Today
According to market observers, unlisted shares of Mamata Machinery Ltd are presently buying and selling at Rs 498 per share within the gray market, which is a premium of Rs 243 or 104.94 per cent over the IPO concern worth of Rs 243. It signifies an enormous itemizing on December 27.
However, the 104.94 per cent GMP is decrease than the 107 per cent gray market premium recorded on the final day of bidding on December 23.
The GMP is predicated on market sentiments and retains altering. ‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Mamata Machinery IPO: How To Check Allotment Status Online?
The IPO allotment standing will be checked on-line by following these steps:
1) Go to the official BSE web site by way of the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, choose ‘Equity’.
3) Under ‘Issue Name’, choose ‘Mamata Machinery Ltd’ within the dropbox.
4) Enter your utility quantity, or the Permanent Account Number (PAN).
5) Then, click on on the ‘I’m not a robotic’ to confirm your self and hit ‘Search’ choice.
Your share utility standing will seem in your display.
You can even go to direct Link Intime Ltd’s portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and verify the Mamata Machinery IPO allotment standing.
Mamata Machinery IPO: More Details
Gujarat-based Mamata Machinery’s preliminary share sale is fully an Offer-for-Sale (OFS) of 73.82 lakh fairness shares by promoters price Rs 179.38 crore on the higher finish of the value band.
Since it’s an OFS, the corporate won’t obtain any proceeds from the general public concern, and all the fund will go to the promoting shareholders.
The firm said that the target of the preliminary share sale is to achieve some great benefits of itemizing the fairness shares on the inventory exchanges.
The Rs 179-crore IPO has a worth vary of Rs 230-243 per share.
The firm anticipates that itemizing the fairness shares will increase its visibility and model picture, present liquidity to its shareholders, and set up a public marketplace for the fairness shares.
Mamata Machinery gives end-to-end manufacturing options for the packaging trade. The firm sells its machines below the model names ‘Vega’ and ‘Win’. It provides a complete vary of merchandise, serving all the versatile packaging market worth chain.
Beeline Capital Advisors is the only real book-running lead supervisor to the problem.
The fairness shares can be listed on the BSE and the NSE.
