Mamata Machinery IPO allotment status: Check application, latest GMP & listing date

Mamata Machinery is scheduled to finalize the basis of allotment of its shares on Tuesday, December 24. Bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate latest by Thursday, December 26. The industrial instruments maker had received a bumper response from the investors during the three-day bidding.

The IPO of Mamata Machinery was open for bidding between December 19-23. It had offered its shares in the price band of Rs 230-243 per share with a lot size of 61 shares. The company raised a total of Rs 179.39 crore from its IPO, which was entirely an offer-for-sale (OFS) of up to 73,82,340 equity shares.

The issue was overall subscribed a whopping 194.95 times, thanks to all round-bidding. The portion for qualified-institutional bidders (QIBs) was subscribed about 235.88 times. The portion for non-institutional investors (NIIs) was booked 274.38 times. Allocations for retail investors and employees were booked 138.08 times and 153.27 times, respectively.

Grey market premium (GMP) of Mamata Machinery has managed to hold its ground despite the volatility in the broader markets. Last heard, the company was commanding a premium of Rs 260 in the unofficial market, suggesting a listing pop of up to 107 per cent for the investors. The GMP has remained stable over the period.

Incorporated in April 1979, Ahmedabad-based Mamata Machinery manufactures and exports machines for making plastic bags, pouches, packaging, and extrusion equipment. The company provides manufacturing solutions for the packaging industry, primarily catering to FMCG, food & beverage industries.

Beeline Capital Advisors is the sole book running lead manager of the Mamata Machinery IPO, while Link Intime India is the registrar for the issue. Shares of the company shall be listed on both NSE and BSE with Friday, December 27, Tuesday as the tentative date of listing.

Investors, who had bid for the issue of Mamata Machinery, can check the allotment status on the Bombay Stock Exchange (BSE) website:

1) Visit https://www.bseindia.com/investors/appli_check.aspx

2) Under the issue type, click Equity

3) Under the issue name, select Mamata Machinery Limited in the dropbox

4) Write the application number

5) Add the PAN card ID

6) Click on 'I am not a Robot' and hit search button

Investors can also check the allotment status on the online portal of Link Intime India (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue.

The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications and carries out the allotment process, as per the prospectus. It is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching and uploading refunds, and attending to all investor-related queries post issue.

1) Go to the web portal of Link Intime Limited

2) Select the IPO/FPO in dropbox whose name will be populated only if the allotment is finalized

3) You may be required to select either one of the three modes: Application number, Demat Account number, or PAN ID

4) In application type, select between ASBA and non-ASBA

5) Enter the details of the mode you selected in Step 2

6) For security purposes, fill the captcha accurately

7) Hit submit.