<p>New Delhi: Shares of packaging machinery manufacturer Mamata Machinery Ltd made a remarkable debut on Friday, listing with a huge premium of nearly 147 per cent, against the issue price of Rs 243.</p>.<p>On the BSE, shares of the firm listed at Rs 600, a jump of 146.91 per cent. It further zoomed 159.23 per cent to Rs 629.95.</p>.<p>The stock began the trade at Rs 600 on the NSE.</p>.Mamata Machinery IPO fully subscribed within minutes of opening.<p>The firms' market valuation stood at Rs 1,550.17 crore.</p>.<p>The initial public offering of Mamata Machinery Ltd fetched a whopping 194.95 times subscription on the final day of share sale on Monday.</p>.<p>The Rs 179-crore initial share sale had a price range of Rs 230-243 per share.</p>.<p>The Gujarat-based company's initial share sale was entirely an Offer-for-Sale (OFS) of 73.82 lakh equity shares by promoters worth Rs 179.38 crore at the upper end of the price band.</p>.<p>Since it was an OFS, the company will not receive any proceeds from the public issue, and the entire fund will go to the selling shareholders.</p>.<p>The company stated that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.</p>.<p>The company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity shares.</p>.<p>Mamata Machinery provides end-to-end manufacturing solutions for the packaging industry. The company sells its machines under the brand names 'Vega' and 'Win'. It offers a comprehensive range of products, serving the entire flexible packaging market value chain. </p>
<p>New Delhi: Shares of packaging machinery manufacturer Mamata Machinery Ltd made a remarkable debut on Friday, listing with a huge premium of nearly 147 per cent, against the issue price of Rs 243.</p>.<p>On the BSE, shares of the firm listed at Rs 600, a jump of 146.91 per cent. It further zoomed 159.23 per cent to Rs 629.95.</p>.<p>The stock began the trade at Rs 600 on the NSE.</p>.Mamata Machinery IPO fully subscribed within minutes of opening.<p>The firms' market valuation stood at Rs 1,550.17 crore.</p>.<p>The initial public offering of Mamata Machinery Ltd fetched a whopping 194.95 times subscription on the final day of share sale on Monday.</p>.<p>The Rs 179-crore initial share sale had a price range of Rs 230-243 per share.</p>.<p>The Gujarat-based company's initial share sale was entirely an Offer-for-Sale (OFS) of 73.82 lakh equity shares by promoters worth Rs 179.38 crore at the upper end of the price band.</p>.<p>Since it was an OFS, the company will not receive any proceeds from the public issue, and the entire fund will go to the selling shareholders.</p>.<p>The company stated that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.</p>.<p>The company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity shares.</p>.<p>Mamata Machinery provides end-to-end manufacturing solutions for the packaging industry. The company sells its machines under the brand names 'Vega' and 'Win'. It offers a comprehensive range of products, serving the entire flexible packaging market value chain. </p>