The Mamata Machinery IPO subscription status day 3 reveals an overwhelming response from investors, with the issue being oversubscribed 38.86 times by the end of the day (December 21, 2024). Retail Individual Investors (RIIs) led the demand, subscribing 52.96 times, followed closely by Non-Institutional Investors (NIIs) at 50.88 times. Qualified Institutional Buyers (QIBs) also showed strong interest, subscribing 4.74 times. The impressive figures for the Mamata Machinery IPO highlight the market’s confidence in the company’s growth potential and industry leadership.
Mamata Machinery IPO Subscription Status Day 3
| Investor Category | Subscription (Times) |
|---|---|
| Retail Individual Investors (RIIs) | 52.96 |
| Non-Institutional Investors (NIIs) | 50.88 |
| Qualified Institutional Buyers (QIBs) | 4.74 |
| Overall | 38.86 |
Mamata Machinery IPO GMP
| Date | GMP (₹) | Estimated Listing Price (₹) | Premium Over Issue Price (%) |
|---|---|---|---|
| December 13 | 75 | 318 | 30.86% |
| December 14-15 | 92 | 335 | 37.86% |
| December 16-17 | 111 | 354 | 45.68% |
| December 18 | 200 | 443 | 82.30% |
| December 21 | 260 | 503 | 107.00% |
Mamata Machinery IPO Details
| Detail | Information |
|---|---|
| Price Band | ₹230 to ₹243 per equity share |
| Lot Size | 61 shares |
| Minimum Investment | ₹14,823 |
| Issue Size | ₹179.39 crore |
| IPO Dates | December 19 to December 23, 2024 |
| Listing Date (Expected) | December 27, 2024 |
About Mamata Machinery
Founded in 1979, Mamata Machinery is a global leader in manufacturing packaging and plastic pouch sealing machines. The company caters to industries such as FMCG, food, and beverages and boasts a strong international presence across 75 countries.
The overwhelming subscription figures highlight investor confidence in Mamata Machinery’s business growth and industry prospects. As the IPO progresses, market participants eagerly anticipate the final allotment of shares on December 24, 2024, ahead of its listing.
Pravin Bhosale
I am finance blogger with a Bachelor’s degree in Electrical Engineering. Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.