The initial public offering (IPO) of Mamata Machinery was subscribed 194.95 times on Monday, December 23, which was the final day of bidding. The IPO issue is completely an offer for sale (OFS) worth Rs 179 crore, with the issue set to close on December 23.
Subscriptions from retail investors stood at 138.08 times, while the non institutions investors had subscribed by 274.38 times on the final day of bidding. Meanwhile, the qualified institutional buyers had subscribed to 235.88 times the allotted portion.
Since the IPO is completely an offer for sale (OFS) worth Rs 179 crore, the proceeds from the offer will go to the selling shareholders.
Mamata Machinery IPO: price band
The company has fixed a price band of Rs 230-243 per share, where investors can bid for 61 shares in one lot and in multiples thereafter.
Mamata Machinery IPO: GMP today
Ahead of the issue, Mamata Machinery’s unlisted shares were trading at Rs 503 per share in the unofficial market on Monday, reflecting a grey market premium (GMP) of…
