Mamata Machinery IPO share allotment today: Here’s how to check status online

Mamata Machinery IPO share allotment today: Here’s how to check status online

Mamata Machinery Ltd. is slated to finalise the IPO share allotment status on Tuesday, December 24 following the bumper subscription of its public offer.

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The ₹179.39-crore initial public offering was overall subscribed 195 times with bids for 100.94 crore shares, compared to 51.78 lakh shares on offer.

The mainboard IPO was open for subscription from December 19 to December 23.

The retail quota of the IPO was booked over 138 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 274.38 times. The Qualified Institutional Buyers (QIBs) category saw subscription of 235.88 times. The employee quota of the IPO also saw hefty subscription of 153.27 times.

For a plan to raise close to ₹180 crore, Mamta Machinery ended up getting bids for nearly ₹25,000 crore. Of course, the entire issue was an Offer For Sale (OFS), meaning the company will receive no proceeds from this share sale.

With the stellar response to Mamata Machinery’s IPO, the share allotment in the public offer is expected to be highly competitive. The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, Link Intime India Pvt. Ltd.

Steps to check Mamata Machinery IPO share allotment on BSE:

· Visit the IPO allotment page on BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

· Select ‘equity’ as the issue type

· Choose Mamata Machinery Ltd. from the dropdown menu for issue names

· Enter your application number or PAN to proceed

· Verify ‘Captcha’

· Click on Search to view your share allotment details

Steps to check Mamata Machinery IPO allotment on Link Intime India:

· Log on to Link Intime India website, https://www.linkintime.co.in

· Click the Investor Services link on the main menu and select ‘Public Issues’

· From the dropdown menu, select ‘Mamata Machinery Ltd’ from the list of companies

· Select any one of the PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status

· Enter the required details

· Click on ‘Submit’ to check the allotment status

Investors may also check the allotment status in Mamata Machinery IPO on NSE’s website using their registration ID and password.

Credit of shares into the Demat account of successful bidders is slated to be done on December 26. The company will also initiate refunds for non-allottees the same day.

Shares of Mamata Machinery Ltd are scheduled to be listed on the NSE and BSE on December 27.

Mamata Machinery IPO, a book-built issue of ₹179.39 crore, consisted entirely of an offer-for-sale (OFS) of 74 lakh shares. The IPO price band was set at ₹230 to ₹243 per share.

Incorporated in 1979, Mamata Machinery primarily sells packaging machinery to direct consumer brands catering to the FMCG, and food and beverages industry. The company is also a leading supplier of bag and pouch-making machines to convertors and service providers.

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