Incorporated in April 1979, Mamata Machinery Limited manufactures and exports machines for making plastic bags, pouches, packaging, and extrusion equipment. The company provides manufacturing solutions for the packaging industry.
The company caters to FMCG, Food, & Beverage industries. The company’s customers include Balaji Wafers Private Limited, Dass Polymers Private Limited, Jflexy Packaging Private Limited, Euphoria Packaging Private Limited, Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Private Limited, Dhalumal Packaging Industries LLC, Laxmi Snacks Private Limited, Ganges Jute Private Limited, Western India Cashew Company Private Limited and N. N. Print & Pack Private Limited and Gits Food Products Private Limited and Emirates National Factory for Plastic Ind LLC.
As of May 31, 2024, the company has exported machines to over 75 countries. The company has international offices in Bradenton, Florida, and Montgomery, Illinois, as well as sales agents in over five countries across Europe, South Africa, and Asia..
The company has two machine manufacturing facilities, one in India and one in the USA.
As of May 31, 2024, the company employs 87 skilled engineers and application experts in electronics, mechanics, software, and design.
Competitive Strength
Mamata Machinery Limited’s revenue increased by 14.84% and profit after tax (PAT) rose by 60.52% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 240.85 | 237.49 | 228.47 | 216.33 |
| Revenue | 29.19 | 241.31 | 210.13 | 196.57 |
| Profit After Tax | 0.22 | 36.13 | 22.51 | 21.70 |
| Net Worth | 132.82 | 131.88 | 127.38 | 103.56 |
| Total Borrowing | 4.34 | 11.60 | 18.63 | 20.86 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 27.76% |
| ROCE | 31.29% |
| Debt/Equity | 0.09 |
| RoNW | 27.39% |
| PAT Margin | 15.27 |
The Company will not receive any proceeds from the Offer (the ” Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders post deduction of Offer-related expenses to be borne by the Selling Shareholders.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹243 per share |
| Lot Size | 61 Shares |
| Total Issue Size | 73,82,340 shares (aggregating up to ₹179.39 Cr) |
| Offer for Sale | 73,82,340 shares of ₹10 (aggregating up to ₹179.39 Cr) |
| Employee Discount | 12.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The promoters of the Company are Mahendra Patel, Chandrakant Patel, Nayana Patel, Bhagvati Patel, Mamata Group Corporate Services LLP and Mamata Management Services LLP.
| Share Holding Pre Issue | 92.45% |
| Share Holding Post Issue |
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