Mamata Machinery Limited to Open Initial Public Offer (IPO) on December 19, 2024

Mumbai (Nilesh Khandare): Mamata Machinery Limited ("MML" or "The Company") has announced the opening of its Initial Public Offering (IPO) on Thursday, December 19, 2024. The total offer size comprises of a sale of up to 7,382,340 equity shares, valued at ₹10 each, in the form of an Offer for Sale by Promoter Selling Shareholders.

The equity shares are being offered by the following Promoter Selling Shareholders: Mahendra Patel - Up to 534,483 equity shares, Nayana Patel - Up to 1,967,931 equity shares, Bhagvati Patel - Up to 1,227,042 equity shares, Mamata Group Corporate Services LLP - Up to 2,129,814 equity shares, Mamata Management Services LLP - Up to 1,523,070 equity shares.

The Price Band for the IPO has been fixed at ₹230 to ₹243 per equity share, with an additional ₹12 per share discount for eligible employees bidding in the Employee Reservation Portion.

Bidders can place bids for a minimum of 61 equity shares,. with further bids in multiples of 61 shares. The Anchor Investor Bid/Offer Period will close on Wednesday, December 18, 2024. The full Bid/Offer Period will run from December 19 to December 23, 2024.

The IPO will be listed on both BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), with BSE serving as the Designated Stock Exchange. The IPO's Red Herring Prospectus was filed on December. 12, 2024, with the Registrar of Companies in Ahmedabad.

Beeline Capital Advisors Private Limited is the book-running lead manager for the IPO.