Mamata Machinery Ltd

Mamata Machinery Ltd IPO

IPO Price Range: ₹230 - 243

We manufacture and export plastic bags and pouch making machines, packaging machines and extrusion equipment. We provide end-to-end manufacturing solutions for the packaging industry. Products manufactured using our machines are used across several industries as packaging applications, such as the packing of food and FMCG products. We primarily sell our packaging machinery to direct consumer brands catering to the FMCG, Food, & Beverage Industry and bag and pouch making machines to convertors and service providers who, in turn, mainly catering the FMCG and consumer industry. Our machineries are also utilised in non-packaging applications, such as e-commerce bags and garment packaging bags. We consistently endeavour to expand our product offerings and solutions to our customers. Our Company also provides after-sales service to our customers. As part of our focus on innovation, we have launched new and advanced machines from time to time. Set forth below are our revenue from operations from machines in each of the corresponding periods.

Min Investment

₹14,823

IPO Size

₹179 Cr

IPO Status

Live

Quantity in 1 Lot

61

Max Bid allowed

13

Listing Exchange

NSE

IPO Application Timeline of Mamata Machinery Ltd

Open Date19 Dec 2024
Close Date23 Dec 2024
Allotment Date24 Dec 2024
Listing Date27 Dec 2024

IPO subscribed over

🚀 37.75x

This IPO has been subscribed by 51.0344x in retail and 4.7412x in QIB.

Subscription Rate

Total Subscription37.75x
Retail Individual Investors51.0344x
Qualified Institutional Buyers4.7412x
Non Institutional Investors50.2276x

Key Statistics

Bid Opening DateBid Opening Date19 Dec 2024
Bid Closing DateBid Closing Date23 Dec 2024
Allotment DateAllotment Date24 Dec 2024
Issue SizeIssue Size₹179.39Cr
Quantity in 1 lotQuantity in 1 lot61

Strength and risks

Strength

Strength

  • Among the leading exporter of machinery and equipment for converting machinery, packaging machinery and co-extrusion blown film machinery and attachment.

  • Advanced manufacturing infrastructure and material knowledge to customize systems and products based on customer specifications.

  • Technology-driven operations with a strong focus on quality, innovation-led research and development, leading to products that cater to dynamic market requirements.

  • Customer--centric operations, with an extensive global sales and distribution network.

  • Skilled and experienced management team with committed employee base.


Risk

Risk

  • Significant increases or fluctuations in prices of, or shortages of, or delay or disruption in supply of primary materials could affect its estimated costs, expenditures and timelines which may have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • The company is heavily dependent on the performance of the FMCG, Food & Beverage and Consumer Industry. Any slowdown in these end-use industries or any other adverse changes in the conditions affecting the plastic processing and converting and packaging machines market can adversely impact its business, financial condition, results of operations, cash flows and prospects.

  • For the three month period ended June 30, 2024 and for the Fiscal 2024, 2023 and 2022 the inventorylevel days were 880 days, 255 days, 282 days and 291 days respectively, failure to maintain optimalinventory levels could increase its operating costs or lead to unfulfilled customer orders, either of which could have an adverse effect on its business, financial condition, results of operations and prospects.

  • The company faces significant competitive pressures in its industry, although in Fiscal 2024 the Company emerged as seventh largest exporter of packaging machines from India and contributed 3% of market share of total export of Packaging Machineries. Its inability to compete effectively would be detrimental to the company business and prospects for future growth.

  • Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company ability to operate its business and implement the company growth plans, thereby affecting its financial condition.

  • The company derives a significant portion of its revenue from operations from sales outside India which contributed an average of 67.64% of total revenue for the previous three Fiscals out of which business through its wholly owned subsidiary contributed to average of 37.03% of total revenue for the previous three Fiscals, any adverse developments in these markets could adversely affect its business.

  • The company derives a significant portion of its revenue from operations from our top ten customers which represented an average of 30.76% for the previous three Fiscals. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.

  • Majority of its business comes from export business. The company revenue from operations from sales located outside India represented 70.42%, 65.28%, 71.52% and 66.13% for three month period ended June 30, 2024 and Fiscal 2024, Fiscal 2023 and Fiscal 2022 respectively. Any disruptions in its export business could adversely affect the company business, financial condition, cash flows, and results of operations.

  • The Company was incorporated in 1979 and certain documents filed by it with the RoC and certaincorporate records and other documents, are not traceable. Its cannot assure you that such forms or records will be available at all or any time in the future.

  • The Company, Subsidiary, Directors, Promoters and Group Companies are or may be involved in certainlegal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, financial condition, cash flows and results of operations.

Promoters Holding

Investors Holdings %
Mahendra Patel23.34%
Chandrakant Patel2.34%
Nayana Patel8%
Bhagvati Patel13.03%
Mamata Group Corporate Service26.67%

About Mamata Machinery Ltd

OrganisationMamata Machinery Ltd
HeadquartersAhmedabad
IndustryEngineering

Frequently Asked Questions

  • What is the size of the Mamata Machinery Ltd IPO?

    The size of the Mamata Machinery Ltd IPO is ₹179.39Cr .

  • What is 'pre-apply' for Mamata Machinery Ltd IPO?

    'Pre-apply' for Mamata Machinery Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Mamata Machinery Ltd IPO order be placed?

    Your Mamata Machinery Ltd IPO order will be placed on 19 Dec 2024.

  • What are the open and close dates of the Mamata Machinery Ltd IPO?

    The open and close dates of the Mamata Machinery Ltd IPO are 19 Dec 2024 to 23 Dec 2024.

  • What is the lot size and minimum order quantity of the Mamata Machinery Ltd IPO?

    The lot size and minimum order quantity of the Mamata Machinery Ltd IPO are 61 and 61 respectively.

  • What would be the listing gains on the Mamata Machinery Ltd IPO?

    The potential listing gains on the Mamata Machinery Ltd IPO will depend on various market factors and cannot be predicted with certainty.