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New Mainboard IPO: Mamata Machinery Limited
Mamata Machinery Limited's IPO is live from 19th to 23rd December 2024, offering 73,82,340 shares entirely as an Offer for Sale (OFS). The price band is ₹230-₹243 per share, with a face value of ₹10. Retail investors have a 35% quota, and employees are allocated 35,000 shares with a ₹12 discount. FY24 saw revenue of ₹241.3 Cr and PAT of ₹36.1 Cr, though Q1 FY25 PAT dipped to ₹22 Lakhs. The IPO has strong demand with GMP at 50%-80% and ₹3000 Cr bids on Day 1. I’m applying but not SEBI-registered, so research before investing!
Investingwithjainsahab.com
12/19/20241 min read
IPO Details:
IPO Date: 19th December - 23rd December 2024
Issue Size: 73,82,340 Equity Shares (Entirely Offer for Sale)
Face Value (FV): ₹10 per share
Price Band: ₹230 - ₹243
Retail Quota: 35%
Employee Quota: 35,000 Shares (with a discount of ₹12 per share)
Financial Highlights:
FY23:
Revenue: ₹210 Cr
Profit After Tax (PAT): ₹22.5 Cr
FY24:
Revenue: ₹241.3 Cr
PAT: ₹36.1 Cr
Q1 FY25:
Revenue: ₹29.1 Cr
PAT: ₹22 Lakhs
GMP and Market Sentiment:
The Grey Market Premium (GMP) is reported to be 50%-80%, reflecting strong investor demand.
Day 1 Subscription Highlights:
The IPO received a tremendous response on the first day, with total bids worth approximately ₹3000 crore, against an issue size of ₹180 crore.
Retail Individual Investors (RII), Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB) categories showed strong participation.
Key Observations:
The company operates in the manufacturing sector and has demonstrated consistent growth in revenue and profitability in FY23 and FY24. However, Q1 FY25 results show a dip in profitability, which investors should carefully consider.
The IPO being entirely an Offer for Sale (OFS) indicates that no fresh capital will be raised for the company's growth.
My Stance:
I am applying for this IPO, considering the company's performance, sector growth prospects, and the current strong market sentiment. However, I am not a SEBI-registered analyst, so please apply only after conducting your research or consulting a financial advisor.