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Unlisted shares of Mamata Machinery Ltd are at present buying and selling at Rs 503 per share within the gray market, which is a premium of Rs 260 or 107 per cent over the IPO difficulty worth of Rs 243. It signifies an enormous itemizing on December 27.
Mamata Machinery IPO: Check Allotment Status, GMP, Final Subscription Status.
Mamata Machinery IPO Allotment Date, Latest GMP: The allotment of the Mamata Machinery IPO might be finalised on Tuesday, December 24. The preliminary public providing of Transrail Lighting Ltd closed on Monday and acquired an general a whopping 194.95 instances subscription. The Transrail Lighting IPO itemizing will happen on Friday, December 27. The newest GMP at present stands at 107 per cent, signalling a blockbuster itemizing.
The preliminary public providing of Mamata Machinery Ltd, which was opened on between December 19 and December 23, acquired an general 194.95 instances subscription. The retail class recieved a 138.08 instances subscription in complete, the NII (non-institutional traders) portion obtained 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 might be finalised on the Monday night. Once allotted, traders will obtain a financial institution debit message. They can even examine 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 at present buying and selling at Rs 503 per share within the gray market, which is a premium of Rs 260 or 107 per cent over the IPO difficulty worth of Rs 243. It signifies an enormous itemizing on December 27.
The GMP relies on market sentiments and retains altering. ‘Grey market premium’ signifies traders’ 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 through 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 screen.
You can even go to direct Link Intime Ltd’s portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and examine the Mamata Machinery IPO allotment standing.
Mamata Machinery IPO: More Details
Gujarat-based Mamata Machinery’s preliminary share sale is solely an Offer-for-Sale (OFS) of 73.82 lakh fairness shares by promoters value Rs 179.38 crore on the upper-end of the worth band.
Since it’s an OFS, the corporate is not going to obtain any proceeds from the general public difficulty, and all the fund will go to the promoting shareholders.
The firm acknowledged that the target of the preliminary share sale is to achieve the 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 enhance its visibility and model picture, present liquidity to its shareholders, and set up a public marketplace for the fairness shares.
Mamata Machinery offers end-to-end manufacturing options for the packaging trade. The firm sells its machines underneath the model names ‘Vega’ and ‘Win’. It presents 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 might be listed on the BSE and the NSE.
