Mamata Machinery IPO is a book-built issue valued at ₹179.39 crore, consisting entirely of an Offer for Sale (OFS) of 0.74 crore equity shares. The IPO subscription has started today, and closes on December 23, 2024. The allotment is expected to be finalised on December 24, 2024, with the shares slated to list on the BSE and NSE on December 27, 2024.
The price band for the IPO is set at ₹230 to ₹243 per share. Retail investors can apply for a minimum of 61 shares, requiring an investment of ₹14,823. For small non-institutional investors (sNII), the minimum investment is 14 lots (854 shares) at ₹2,07,522, while large non-institutional investors (bNII) must invest in 68 lots (4,148 shares) at ₹10,07,964. Beeline Capital Advisors Pvt Ltd is the Book Running Lead Manager, and Link Intime India Pvt Ltd is the registrar for the IPO.
Industry Outlook
- The Indian flexible packaging market surged from $12.92 billion to $49 billion by 2023, reflecting significant growth driven by packaged food demand and convenience.
- With a projected CAGR of 12.6% (2022-2027), flexible packaging thrives on cost-efficiency, catering to rising packaged food consumption across diverse consumer markets.
Mamata Machinery IPO Objectives
The company will not receive any proceeds from the sale. All proceeds after deducting offer-related expenses and taxes, will go to the promoter selling shareholder.
About Mamata Machinery Limited
Incorporated in April 1979, Mamata Machinery Limited is a leading manufacturer and exporter of machines for producing plastic bags, pouches, packaging, and extrusion equipment. The company specialises in providing advanced manufacturing solutions to the packaging industry, catering primarily to FMCG, Food, and Beverage sectors. Its clientele includes prominent names such as Balaji Wafers, Dass Polymers, Jflexy Packaging, Sunrise Packaging, Chitale Foods, Laxmi Snacks, and Emirates National Factory for Plastic Ind LLC.
As of May 31, 2024, Mamata Machinery has exported its machines to over 75 countries. The company maintains international offices in Bradenton, Florida, and Montgomery, Illinois, and works with sales agents across Europe, South Africa, and Asia. It operates two manufacturing facilities, one in India and another in the USA. Supported by a team of 87 skilled engineers and experts, Mamata Machinery excels in electronics, mechanics, software, and design, ensuring cutting-edge solutions for global clients.
How To Check the Allotment Status of the Mamata Machinery IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Mamata Machinery IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Mamata Machinery IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Mamata Machinery IPO
Registered office: Survey No. 423/P, Sarkhej-Bavla Road, N.H No. 8A, Moraiya, Sanand, Ahmedabad, Gujarat – 382 213, India
Phone: 02717–630 800/801
E-mail: investor@mamata.com
Mamata Machinery IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
Not more than 50% of the Net Issue |
|
Retail Shares Offered |
Not less than 35% of the Net Issue |
|
NII (HNI) Shares Offered |
Not more than 15% of the Net Isssue |
Category Reservation Detail Table
|
Application Category |
Maximum Bidding Limits |
Bidding at Cut-off Price Allowed |
|
Only RII |
Up to ₹2 Lakhs |
Yes |
|
Only sNII |
₹2 Lakhs to ₹10 Lakhs |
No |
|
Only bNII |
₹10 Lakhs to NII Reservation Portion |
No |
|
Only employee |
Up to ₹5 Lakhs |
Yes |
|
Employee + RII/NII |
|
Yes, for shareholder/RII |
Mamata Machinery IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
61 |
₹14,823 |
|
Retail (Max) |
13 |
793 |
₹1,92,699 |
|
S-HNI (Min) |
14 |
854 |
₹2,07,522 |
|
S-HNI (Max) |
67 |
4,087 |
₹9,93,141 |
|
B-HNI (Min) |
68 |
4,148 |
₹10,07,964 |
Mamata Machinery IPO Promoter Holding
The promoters of the company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP and Mamata Management Services LLP.
|
Share Holding Pre-Issue |
92.45% |
|
Share Holding Post Issue |
- |
Key Performance Indicators for Mamata Machinery IPO
As of June 30, 2024, the KPIs of Mamata Machinery:
|
KPI |
Value |
|
ROE (%) |
27.76% |
|
ROCE (%) |
44.07% |
|
Debt/Equity (x) |
0.09 |
|
RoNW (%) |
27.39% |
|
PAT Margin (%) |
15.27% |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
P/E (x) |
16.59 |
- |
Mamata Machinery IPO Anchor Investor Details
The anchor portion of the Mamata Machinery IPO provides detailed information as follows:
|
Detail |
Information |
|
Anchor Bid Date |
December 18, 2024 |
|
Shares Offered to Anchor Investors |
22,04,202 |
|
Anchor Portion Size |
₹53.56 crore |
|
Lock-in Period End Date (50% Shares) |
January 23, 2025 |
|
Lock-in Period End Date (Remaining Shares) |
March 24, 2025 |
Mamata Machinery IPO Prospectus
Mamata Machinery IPO Registrar and Lead Managers
Mamata Machinery IPO Lead Managers
- Beeline Capital Advisors Pvt Ltd
Registrar for Mamata Machinery IPO
Link Intime India Private Ltd
- Contact Number: +91-22-4918 6270
- Email Address: mamatamachinery.ipo@linkintime.co.in
Website: Mamata Machinery IPO Registrar
Financial Performance of Mamata Machinery Limited
| Particulars | For period ended June 30, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operation (in ₹ million) | 276.20 | 2,366.11 | 2,008.65 |
| Profit After Tax (PAT) (in ₹ million) | 2.18 | 361.25 | 225.05 |
| Total Borrowings (in ₹ million) | 43.44 | 115.96 | 186.34 |
| Net Worth (in ₹ million) | 1,328.22 | 1,318.82 | 1,273.76 |
| Return on Net Worth (%) | 0.16% | 27.39% | 17.67% |
| Return on Capital Employed (%) | (0.78)% | 31.29% | 15.71% |
| Debt to Equity Ratio (x) | 0.03 | 0.09 | 0.15 |
| Earning Per Share (EPS)-in absolute ₹ | 0.09 | 14.65 | 8.41 |
Know before investing
Strengths
12Leading exporter with 4,500+ machines installed globally since inception.
Comprehensive product range including co-extrusion and pouch-making machines.
ISO 9001:2015 certification ensuring stringent quality management standards.
Presence in 75+ countries with a robust global footprint.
Strong R&D focus, with two patents granted and pending.
Advanced facilities spanning 20,662 sqm in India and USA.
Technology-driven operations with Industry 4.0-certified smart machinery.
Key customers in FMCG and Food & Beverage sectors.
Revenue from exports accounted for 70.42% in Q1 FY25.
Proven track record with diverse geographical revenue contributions.
Experienced management team with 40+ years of industry expertise.
Strong innovation focus with recyclable film-compatible machine technology.
Risks
12Significant reliance on third-party suppliers, 92.86% parts sourced externally.
FMCG, Food & Beverage dependence; 67.73% revenue from related industries.
High inventory levels; 880 days inventory as of June 2024.
Fierce competition; only 3% export market share in 2024.
Past negative cash flows; ₹18.08 million deficit in Q1 FY25.
Export revenue dominates; 70.42% of total revenue from overseas markets.
Top 10 customers contribute 30.76% average revenue over three fiscals.
Risk of export disruption due to foreign regulations and compliance.
Plastic packaging bans could severely impact demand for machines.
Outstanding MSME payables; ₹198.37 million overdue as of June 2024.
High related party transactions; ₹266.71 million in FY24, 11.27% revenue.
Unhedged currency risk; 65.28% export revenue and 5.68% import costs.
Mamata Machinery Limited Peer Details Comparison
| Company Name | EPS (Basic) | NAV (per share) (₹) | RoNW (%) | P/BV Ratio (X) |
|---|---|---|---|---|
| Mamata Machinery Limited | 14.65 | 53.59 | 27.39 | - |
| Rajoo Engineers Ltd. | 3.41 | 20.59 | 16.59 | 9.7 |
| Windsor Machines Ltd. | -1.19 | 41.07 | -2.89 | 1.61 |
| Kabra Extrusiontechnik Ltd. | 9.8 | 134.52 | 7.48 | 2.21 |
