Mamata Machinery IPO Set to Blockbuster Listing : If you get allotted shares in the IPO of packaging machinery manufacturing company Mamata Machinery Limited, your money can double in a day. In fact, there are indications of blockbuster listing of this IPO and it can become another superhit IPO of the year 2024. The IPO is getting strong response from investors. The craze for it is increasing in the gray market and its premium has crossed 100 percent. The last day to subscribe to the IPO is 23 December 2024. Experts and brokerages are positive about its outlook.
Stocks to Buy: Opportunity to earn 90 thousand profit in 1 month by investing 10 lakhs, these stocks can throw a party on New Year
Mamata Machinery IPO Subscription: Crosses 90 times
Mamta Machinery’s IPO has been subscribed 90 times or 9000 percent so far on its third day (1:15 pm). In this, 50 percent share is reserved for QIB and it has been subscribed 22.51 times so far. 15 percent share is reserved for NII and till now it has been filled 167.75 times. Whereas the reserve 35 percent for retail investors is filled 93.86 times. The reserved portion for employees has received 106.71 times subscription so far.
High Return! India’s local search engine Just Dial can give 190% returns, why is the brokerage house so bullish on this stock?
Mamata Machinery GMP : beyond 100%
There is a tremendous craze in the gray market regarding the IPO of Mamta Machinery Limited. The unlisted stock of the company is trading at a premium of Rs 260 in the gray market. This upper price band is 107 percent premium at Rs 243. If we look at the gray market indications, this stock may be listed at Rs 503 compared to the issue price of Rs 243.
Mamata Machinery IPO: Finally an opportunity to invest
Brokerage house Choice Broking has advised to “SUBSCRIBE” in the IPO of Mamta Machinery Limited. The brokerage house says Mamta Machinery specializes in manufacturing and exporting plastic bag and pouch making machines, packaging machines and extrusion equipment. Providing comprehensive manufacturing solutions to the packaging industry, the company’s products are used in various sectors including packaging of food and FMCG goods.
At its upper price band, the company is demanding a P/E multiple of 16.6x based on its FY24 EPS of Rs 14.7 and EV/Sales multiple of 2.6x, making this valuation seem at a discount to its peers. The company has consistently performed well over the last few years, with margins increasing consistently in the number of machines sold in India and internationally. Looking ahead, we believe the company has strong long-term growth potential by expanding its presence in regions such as Europe, Africa and the Middle East, which will further expand its customer base.
Company Strengths
• Customized systems and products through advanced manufacturing infrastructure and material expertise
• Technology driven operations with emphasis on quality, innovation and market driven product development.
• One of the leading exporters of machinery for bag and pouch making, packaging and co-extrusion blown film equipment and attachments.
• Skilled and experienced management team with committed workforce.
Zomato: Loss making stock. How Zomato became a multibagger, the whole journey of getting ahead of many big companies.
Risks and concerns
• Impact of price fluctuations, material shortages and supply disruptions on costs, timelines and financial performance.
• Dependence on FMCG, food and beverage and consumer industries
• Risks of failing to maintain optimal inventory levels
• Revenue concentration in the second half of the financial year
• Unfavorable foreign currency exchange rates
• Competition
(Disclaimer: The view or advice on the share is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
