Stock Market : A different new stock is set to join the stock market. The stock of packaging machinery maker Mamata Machinery Limited is set to be listed on BSE and NSE on 27 September. Prior to that, the stock is being traded at a premium in the gray market.
Mamta Machinery Limited has commenced from Thursday (December 19)
The stocks of Mamata Machinery are being traded at a premium of Rs 200 in the gray market. Nonetheless, market experts suggest that investment choices should be based on the company’s financial wellbeing instead of the indicators coming from the gray market. The subscription for the IPO of packaging machinery producer Mamta Machinery Limited has commenced from Thursday (December 19). Investors are allowed to place bids until December 23. The firm aims to generate Rs 179 crore via the IPO.
Price range for this IPO is Rs 230 to Rs 243
The price range for this IPO is Rs 230 to Rs 243 for each equity share. The nominal value of each share is Rs 10. The lot size for this IPO is 61 equity shares, and additional shares can be bought in multiples of 61 thereafter. This IPO consists solely of an Offer for Sale (OFS).
Machinery’s IPO on December 19 is ₹200 for each share
Mamta Machinery stocks are experiencing an increase in the grey market. The GMP for Mamta Machinery’s IPO on December 19 is ₹200 for each share. This indicates that shares of Mamta Machinery may be priced at Rs 443. This indicates that investors can earn an 83 percent profit on the very day of the listing.
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