Mamata Machinery, a packaging equipment firm, sees huge demand for its oversubscribed IPO debut in India.

Mamata Machinery, a company that designs and exports machinery for plastic bags and packaging, is set to debut on the Indian stock market. Its IPO was oversubscribed by 194 times, with shares expected to list at a premium of about 107% over the issue price. Despite recent market downturns, strong demand suggests potential multibagger gains for new investors. Founded in 1979, Mamata Machinery provides manufacturing solutions for the packaging industry and aims to expand globally.

December 27, 2024
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