Mamata Machinery, a leading manufacturer of packaging machinery, recently concluded its Initial Public Offering (IPO) with significant investor interest. The IPO was oversubscribed 194.95 times, reflecting strong demand from both institutional and retail investors.
Grey Market Premium (GMP) Insights
Prior to the listing, the Mamata Machinery IPO grey market premium (GMP) indicated a positive outlook. On December 27, 2024, the GMP was noted at ₹260, suggesting a potential listing price of approximately ₹503 per share, which is 107% above the issue price of ₹243. Investorgain
Listing Performance
On December 27, 2024, Mamata Machinery shares debuted on the NSE and BSE at ₹600 per share, marking a 146.91% premium over the issue price. The stock quickly hit the upper circuit limit, trading at ₹629.95 on both exchanges.
Investor Considerations
The robust listing performance underscores the company’s strong market position and investor confidence. Analysts suggest that investors may consider booking partial profits while monitoring the company’s future performance and market conditions.
For detailed GMP updates and further analysis, platforms like IPO Watch and Watch IPO provide real-time information.
Disclaimer: Investing in IPOs involves risks. It’s advisable to consult financial advisors before making investment decisions.
Leave a Reply