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Mamata Machinery IPO Day 3 Live Updates: Issue subscribed 37.34x so far; GMP signals multibagger listing
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₹179.39 crore, will close for subscription on Monday, December 23. After two days of bidding the issue was booked 37.34 times.The Qualified Institutional Buyers (QIB) portion was subscribed 4.74 times, the Non-Institutional Investors (NII) segment was booked 49.45 times, and the Retail segment was subscribed 50.55 times.
Meanwhile, the Employee quota was subscribed 53.97 times.The IPO is entirely an offer for sale of 0.74 crore shares. The price band for the IPO has been set between ₹230 and ₹243 per share.Mamata Machinery, established in April 1979, specialises in the manufacturing and export of machines used for producing plastic bags, pouches, packaging, and extrusion equipment.
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