Mamata Machinery Limited IPO to open on Dec 19

Ahmedabad: Mamata Machinery Limited, shall open the Bid Offer Period in relation to its initial public offer of the Equity Shares on Thursday,  December 19, 2024.

The total offer size of equity shares (face value ₹ 10 each) comprises of Offer for Sale up to 7,382,340 [73.82 lakhs number of equity shares] by Promoter Selling Shareholders.

The Offer for Sale comprises of up to 534,483 Equity Shares by Mahendra Patel, up to 1,967,931 Equity Shares by Nayana Patel, up to 1,227,042 Equity Shares by Bhagvati Patel, up to 2,129,814 Equity Shares by Mamata Group Corporate Services LLP and up to 1,523,070 Equity Shares by Mamata Management Services LLP

The Price Band of the Offer has been fixed at ₹ 230 to ₹ 243 per Equity Share. The price band includes a discount of ₹ 12 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

Bids can be made for a minimum of 61 Equity Shares and in multiples of 61 Equity Shares thereafter.

The Anchor Investor Bid/Offer Period opens on and closes on Wednesday, December 18, 2024. The Bid/Offer Period will open on Thursday, December 19, 2024 for subscription and close on Monday, December 23, 2024.

This Equity Shares are being offered through the Red Herring Prospectus of the Company dated December 12, 2024 filed with the Registrar of Companies, Gujarat at Ahmedabad.

The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited and National Stock Exchange of India Limited. For the purposes of the Offer, BSE is the Designated Stock Exchange.

Beeline Capital Advisors Private Limited is the book running lead manager to the Offer.