1 day, 17 hours ago
Mamata Machinery IPO garners whopping 194.95 times subscription on final day of share sale
Live MintNew Delhi, Dec 23 The initial public offering of packaging machinery manufacturer Mamata Machinery Ltd fetched a whopping 194.95 times subscription on the final day of share sale on Monday. The ₹179-crore initial share sale received bids for 1,00,94,81,802 shares, as against 51,78,227 shares on offer, as per NSE data. The Gujarat-based company's initial share sale is entirely an Offer-for-Sale of 73.82 lakh equity shares by promoters worth ₹179.38 crore at the upper-end of the price band. The company stated that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.
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