Mamata Machinery IPO Day 3 Live Updates: Mamata Machinery IPO, Valuation $179.39 Crore, subscription will close on Monday, December 23.
The qualified institutional buyers (QIB) portion was subscribed 4.74 times, the non-institutional investors (NII) portion was subscribed 49.45 times, and the retail portion was subscribed 50.55 times. At the same time, employee quotas were subscribed 53.97 times.
The IPO is entirely an offer to sell shares of Rs 74 crore. The price range for the IPO has been set at $230 and $243 per share.
Established in April 1979, Mamata Machinery specializes in manufacturing and exporting machines for the production of plastic bags, sachets, packaging and extrusion equipment. The company offers a range of manufacturing solutions tailored to the packaging industry.
Mamata Machinery IPO Day 3 Live Updates: Mamata Machinery IPO GMP shows 107% listing popularity today
Mamata Machinery IPO GMP Yes $260 on Monday, suggesting the stock may go public on Monday $Shares on the exchange rose 503 points, 107% above the upper end of the 2019 price range $243.