IPO Price Range: ₹230 - 243
Min Investment
₹14,823
IPO Size
₹179 Cr
IPO Status
Live
Quantity in 1 Lot
61
Max Bid allowed
13
Listing Exchange
NSE
IPO subscribed over
🚀 37.75x
This IPO has been subscribed by 51.0344x in retail and 4.7412x in QIB.
Total Subscription | 37.75x |
Retail Individual Investors | 51.0344x |
Qualified Institutional Buyers | 4.7412x |
Non Institutional Investors | 50.2276x |
Bid Opening Date | 19 Dec 2024 |
Bid Closing Date | 23 Dec 2024 |
Allotment Date | 24 Dec 2024 |
Issue Size | ₹179.39Cr |
Quantity in 1 lot | 61 |
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.
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.
Investors | Holdings % |
Mahendra Patel | 23.34% |
Chandrakant Patel | 2.34% |
Nayana Patel | 8% |
Bhagvati Patel | 13.03% |
Mamata Group Corporate Service | 26.67% |
Organisation | Mamata Machinery Ltd |
Headquarters | Ahmedabad |
Industry | Engineering |