Mamata Machinery IPO subscribed over 66 times on Day 3 so far. Check GMP, review and other details
offer for sale (OFS) worth Rs 179 crore, with the issue set to close on December 23.
Subscriptions from retail investors stood at 77.42 times, while non-institutional investors had subscribed 121.49 times on the final day. Meanwhile, qualified institutional buyers subscribed to 4.90 times the allotted portion.
Since the IPO is entirely an offer for sale (OFS) worth Rs 179 crore, the proceeds will go to the selling shareholders.
Mamata Machinery IPO: Price Band
The company has fixed a price band of Rs 230-243 per share, with investors able to bid for 61 shares in one lot and in multiples thereafter.
Mamata Machinery IPO: GMP Today
Ahead of the issue, Mamata Machinery’s unlisted shares were trading at Rs 503 per share in the unofficial market on Monday, reflecting a grey market premium (GMP) of 107% against the upper end of the IPO price band of Rs 243.
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