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News Details

13/12/2024 12:52

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Mamata Machinery announces launch of initial public offering

Mamata Machinery Ltd. has announced public offering of 7382340 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 233.00 per share. The gross proceeds of the issue are expected to be Rs 17,939.09 lakhs.

The company's initial public offer (IPO) will open on 19 December 2024 and is expected to close on 23 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 230.00-243.00 per share.

The IPO includes a fresh Issue of 7382340 Equity Shares of the Company at an price of Rs 243.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 61 shares with bids in multiples of 61.

Mamata Machinery Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.