Mamata Machinery IPO: GMP surges. Check your subscription status if you applied by the end of the issue tomorrow

Mamata Machinery IPO: The initial public offering (IPO) of Mamata Machinery Ltd has received strong demand from investors across categories. Bidding for the Mamata Machinery IPO opened on December 19 and will close on Monday, December 23. The strong demand even led to a sharp jump in the gray market premium (GMP) of Mamata Machinery’s IPO. Mamata Machinery IPO GMP signals strong trends for the stock.

Mamata Machinery Today IPO GMP

Mamata Machinery stock is showing a bullish trend in the gray market. According to stock market observers, Mamata Machinery IPO GMP has surged to $261 per share. Despite Friday’s slump in the stock market, Mamata Machinery IPO GMP remains strong, augering well for post-listing returns.

Mamata Machinery IPO GMP shows the company’s shares are trading higher in the gray market $261 per share higher than the issue price. This means the stock is trading at $There are 504 shares each in the gray market, which is 107% higher than the IPO price. $At $243 per share, this suggests that issuers could double their money in a week.

Mamata Machinery IPO Subscription Status

Mamata Machinery IPO has so far accumulated 37.75 bookings. According to NSE data, the issue received bids for 19.54 billion shares as of the end of the second day of the bidding process, while the number of bids in the offer was 51.78 shares.

The retail tranche of Mamata Machinery IPO has been subscribed 51.03 times, the non-institutional investor (NII) tranche has been subscribed 50.23 times and the qualified institutional buyer (QIB) tranche has been subscribed 4.74 times.

Mamata Machinery IPO Review

Rajan Shinde, research analyst at Mehta Equities Ltd, said he believes Mamata Machinery Ltd’s IPO will allow investors to invest in a company in the packaging machinery industry that is known for its precision and automation solutions.

“In terms of valuation, at the price cap $243, the question is asking for market value $598 crores. Based on FY2025 annualized earnings and fully diluted post-IPO paid-in capital, the company is asking for a P/E ratio of 14.65x, which looks reasonable given the long-term outlook. Investors should also pay attention to the IPO quotation of 100% OFS, which is $The Rs 1,793.9-crore issue is an area of ​​focus for new investors. As the industry increasingly turns to automated and flexible packaging solutions, Mamata’s strong customer relationships, extensive global distribution network and emphasis on after-sales service enable repeat business and foster brand trust, and we believe we are well-positioned Be prepared to take advantage of this growth.

Therefore, considering all attributes, he recommended investors to “subscribe” to the Mamata Machinery IPO from a long-term perspective.

At the upper end of its price range, the Mamata Machinery IPO calls for a price-to-earnings ratio of 16.6 times, based on its FY2024 earnings per share, according to Choice Broking $14.7, with an EV/sales multiple of 2.6x. This valuation appears to be at a discount compared to peers.

“Over the years, the company has shown stable performance with an increasing number of machines sold in India and internationally, leading to steady improvement in profit margins. Going forward, we believe Mamata Machinery Ltd. The business in such regions has strong long-term growth potential, which will further expand its customer base. Therefore, we recommend a “Subscribe” rating on this issue.

Mamata Machinery IPO Details

The Mamata Machinery IPO opened for subscription on December 19 and closed on December 23. Listed on NSE.

Mamata Machinery IPO price range set at $230 to $243 per share. The company aims to improve $Rs 179.39 crore came from a book-entry issue and was entirely an offer for sale of 73.82 million equity shares.

Beeline Capital Advisors Pvt Ltd is the lead bookkeeping manager for the Mamata Machinery IPO, while Link Intime India Private Ltd is the IPO registrar.

Disclaimer: The above views and recommendations only represent the views and recommendations of individual analysts or brokerage firms and have nothing to do with Mint. Investors are advised to consult a certified expert before making any investment decisions.