Mamata Machinery Ltd secures Rs 53 crore from investors ahead of its Rs 179 crore IPO opening on December 19.

Mamata Machinery Ltd, a Gujarat-based packaging machinery manufacturer, secured over Rs 53 crore from anchor investors before its Rs 179 crore IPO, available for public subscription from December 19-23 at Rs 230-243 per share. The IPO, an offer-for-sale of 73.82 lakh equity shares by promoters, aims to enhance brand visibility and provide liquidity to shareholders. The company's market capitalization is estimated at nearly Rs 600 crore at the upper price range, with shares expected to be listed on BSE and NSE on December 27.

December 18, 2024
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