Mamata Machinery IPO will open on December 19, 2024, and close on December 23, 2024. Mamata Machinery Limited, incorporated in 1979, operates in the packaging industry. The company manufactures and exports plastic bags and packaging machines and extrusion equipment. In this blog, we’ll unfold all the Mamata Machinery IPO details, listing, and its financial performance in the past financial years.
Mamata Machinery IPO Date 2024
The key pointers for the Mamata Machinery IPO date are:
- Bidding Opening Date: December 19, 2024
- Bidding Closing Date: December 23, 2024
- Basis of Allotment Date: December 24, 2024
- Initiation of Refunds (in case of less or no allotment): December 26, 2024
- Shares Credited to Your Demat Account: December 26, 2024
- IPO Listing Date: December 27, 2024
- Listing on Exchange: NSE and BSE
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Mamata Machinery IPO Details
Mamata Machinery IPO size is set at around ₹180 crores with only the OFS component.
Here are the key details of Mamata Machinery Limited IPO:
- Mamata Machinery Pvt Ltd IPO Price Band: ₹230 to ₹243 per share
- Face Value: ₹10 per share
- Lot Size: 61 Shares
- Total Issue Size and Amount: 73,82,340 shares (amounting to ₹179.39 crores)
- Offer for Sale and Amount: 73,82,340 shares (amounting to ₹179.39 crores)
Mamata Machinery IPO Proceeds Usage
Mamata Machinery IPO proceeds (after deducting offer-related expenses) will go to the promoter-selling shareholders and the company will not directly receive any money.
Mamata Machinery IPO Reservations
Mamata Machinery IPO reservations to different investors are:
- For QIBs: Not more than 50% of the net offer
- For NIIs: Not less than 15% of the net offer
- For Retail Investors: Not less than 35% of the net offer
- Mamata Machinery IPO shareholder quota: There is no provision of this quota in the RHP filed by the company.
Mamata Machinery IPO Lot Size
Mamata Machinery IPO lot size is 61 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| Applicant Type | Lot Size | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,823 |
| Retail (Max) | 13 | 793 | ₹1,92,699 |
| S-HNI (Min) | 14 | 854 | ₹2,07,522 |
| S-HNI (Max) | 67 | 4,087 | ₹9,93,141 |
| B-HNI (Min) | 68 | 4,148 | ₹10,07,964 |
Mamata Machinery IPO: Promoter Holding
The current promoters of Mamata Machinery Pvt Ltd are:
- Mahendra Patel
- Chandrakant Patel
- Nayana Patel
- Bhagvati Patel
- Mamata Group Corporate Services LLP
- Mamata Management Services LLP
Mahendra Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP, and Mamata Management Services LLP are the promoter selling shareholders in Mamata Machinery IPO.
Mamata Machinery Limited: Company Overview
Mamata Machinery Pvt Ltd provides end-to-end manufacturing solutions for the packaging industry. The company sells packaging machines to the FMCG players and bag or pouch-making machines, and co-extrusion blown film machines to service providers.
Operating outside India, the company has sold the machines to more than 75 countries as of September 30, 2024. Some of the reputable clients include Balaji Wafers, V3 Polyplast, Gits Food Products, Western India Cashew Company, etc.
The company’s key strengths are being one of the leading exporters of packaging machinery, advanced manufacturing infrastructure, and an extensive global sales and distribution network. In FY24, Mamata Machinery Limited was the seventh-largest exporter of packaging machines from India with a 3% market share in total export of packaging machines.
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Mamata Machinery Pvt Ltd: Financial Performance
Mamata Machinery Limited’s key financials for different periods are as follows:
| Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change (%) |
|---|---|---|---|---|
| Revenue | 29.19 | 241.31 | 210.13 | 15% |
| Profit After Tax | 0.22 | 36.13 | 22.51 | 61% |
| Assets | 240.85 | 237.49 | 228.47 | 4% |
| Total Borrowing | 4.34 | 11.60 | 18.63 | -38% |
| EBITDA | -0.32 | 47.18 | 23.74 | 99% |
| Operating Cash Flows | -1.81 | 19.37 | 17.17 | 13% |
*(in ₹ crores)
- In FY24, Mamata Machinery Limited’s revenue and PAT grew by 15% YoY and 61% YoY, respectively.
- In FY24, assets increased by 4% YoY, and total borrowings also fell by 38% YoY.
- EBITDA increased by 99% from FY23 to FY24 while operating cash flows increased by 13% YoY.
Competitor Analysis of Mamata Machinery IPO
The comparison of Mamata Machinery Limited’s performance with its peers in the same industry is as follows:
| Particulars | Mamata Machinery Pvt Ltd | Rajoo Engineers Limited | Windsor Machines Limited | Kabra Extrusion Technik Limited |
|---|---|---|---|---|
| EPS (Basic) (in ₹) | ₹14.65 | ₹3.41 | -₹1.19 | ₹9.80 |
| EBITDA Margin (%) | 19.94% | 13.52% | 6.30% | 9.98% |
| PAT Margin (%) | 15.27% | 10.65% | -2.18% | 5.56% |
| RoE (%) | 27.76% | 17.84% | -2.82% | 8.10% |
| RoCE (%) | 31.29% | 18.97% | 1.90% | 8.97% |
| Debt Equity Ratio | 0.09 | 0.01 | 0.13 | 0.19 |
*(For FY24 ending)
- In FY24, Mamata Machinery Limited’s EPS was the highest among its peers.
- EBITDA and PAT Margins were also the highest in the industry reflecting its great performance on profitability.
- Both the key return ratios, ROE and ROCE were competitive and highest in the industry highlighting its great ability to generate returns on equity and capital employed.
- The debt-equity ratio was less than 1 signifying the less reliance on debt.
Risk Factors in Mamata Machinery IPO
Mamata Machinery IPO GMP is ₹111 as of December 16, 2024 (at 10:56) and it is expected to list at a 45.68% gain. However, GMP is not the only criterion to bid for an IPO.
The company is exposed to various risk factors which can eventually affect the business and investor’s perception:
- Sharp fluctuations in prices or delays in the supply of primary materials could affect the cost and financial performance.
- Heavily dependent on the performance of the FMCG, food and beverage, and consumer industries.
- Failure to keep up with the inventory levels could lead to an increase in cost or inability to meet the demand on time.
- A highly competitive industry leads to price-cutting pressures which may affect profitability.
- Revenue from operations is highly dependent on the top 10 customers and any loss of such customers can impact the financial condition.
Mamata Machinery IPO Contact Information
For inquiries related to the Mamata Machinery IPO details, you can contact at the following places:
Registered Office Address: Survey No. 423/P, Sarkhej-Bavla Road, N.H No. 8A, Moraiya, Sanand, Ahmedabad, Gujarat – 382 213, India
Email: investor@mamata.com
Company Website: http://www.mamata.com/
Mamata Machinery IPO Registrar Details:
Registrar Name: Link Intime India Private Limited
Phone: 91 22 4918 6200
Email: mamatamachinery.ipo@linkintime.co.in
For all the insights on Mamata Machinery IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
FAQs
1. Who is the CEO of Mamata Machinery?
Apurva Kane is the CEO of Mamata Machinery Limited and he has been with the company since 1986.
2. What is the revenue of Mamata Machinery?
The revenue of Mamata Machinery Pvt Ltd is ₹29.19 crores in the April-June quarter of FY25.
3. Is Mamata Machinery Pvt Ltd listed?
Mamata Machinery Pvt Ltd is coming with its IPO and is going to list on the NSE and BSE on December 27, 2024.
References:
https://www.sebi.gov.in/filings/public-issues/dec-2024/mamata-machinery-limited-rhp_89832.html
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
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