by IPO Listing: The IPO of Mamata Machinery was listed on the stock market on Friday, the last trading day of the week. The company’s shares made a strong debut in the market and doubled the money of investors within minutes. The company’s shares were listed at a premium of 147 percent at Rs 600. It was priced at Rs 243. Not only this, after being listed in the market, the upper circuit was also installed in it. This means that investors turned into silver.
Strong response from investors to the IPO
The IPO was opened for investors on December 19 and closed on December 23. It received an overwhelming response from investors. The issue of Rs 179.39 crore was subscribed 194 times in just three days. If we talk about the retail category, it received a subscription of 138 times. Since the IPO, it has been creating waves in the grey market and its listing has also been as strong as expected.
Considering the benefits to investors due to the excellent listing of Mamata Machinery IPO, the company has decided to issue 61 shares under this issue. The investor will get a minimum of Rs. 14,823. Now with the listing of the company’s shares in the stock market on Friday, the total amount of investors who got the IPO has increased to Rs. 36,600. Accordingly, investors have earned Rs. 21,777 in just one lot in a matter of minutes.
Did other categories get this much subscription?
The Mamata Machinery IPO was subscribed a total of 194.95 times. As mentioned, it received a subscription of 138.08 times in the retail category, but it also received a strong response in other categories. This IPO was subscribed 235.88 times by QIBs and 274.38 times by HNIs. However, there was some delay in the allotment process of this IPO.
Mamata Machinery’s business is spread across many countries of the world and its products are exported to about 75 countries. Talking about the business of this company, Mamata Machinery not only manufactures machinery for making plastic bags and pouches but also supplies machinery to the food and beverage industries in the country and abroad.
