Ahmedabad16 December2024 – Mamta Machinery Limited (“MML” or “The Company”) is going to open the bid offer period in respect of its IPO of equity shares on Thursday, December 19, 2024.
Offer for Sale of Shares up to 73,82,340 (73.82 Lakh Equity Shares) by the Promoter Selling Shareholders in a total offer size of Equity Shares (face value of Rs.10 each) (“Offer for sale”) includes (“Total Offer Size”).MAMATA MACHINERY IPO TO OPEN ON THURSDAY, DECEMBER 19, 2024
The offer for sale includes up to 5,34,483 equity shares by Mahendra Patel, up to 19,67,931 equity shares by Naina Patel, up to 12,27,042 equity shares by Bhagwati Patel, up to 21,29,814 equity shares by Mamta Group Corporate Services LLP and Mamta Management Services LLP. by Includes equity shares up to 15,23,070 (“Promoter Selling Shareholders”).
The price band of the offer per equity share is Rs. 230 to Rs. 243 (the “Price Band”) has been fixed. Eligible employees bidding in the Employee Reservation Portion at a price of Rs. Includes a discount of 12 (“Employee Reservation Portion Discount“).
Bids can be made for a minimum of 61 equity shares and thereafter in multiples of 61 equity shares (The “Bid Lot”). The Anchor Investor Bid/Offer Period will open and close on Wednesday, December 18, 2024. The bid/offer period will open on Thursday, December 19, 2024 and close on Monday, December 23, 2024 (The “Bid Details”).
The Equity Shares are being offered through a Red Herring Prospectus of the Company filed on December 12, 2024 with the Registrar of Companies, Gujarat at Ahmedabad.
Equity Shares offered by Red Herring Prospectus in BSE Limited (“BSE”) and National Stock Exchange of India (“NSE” together with BSE, the “Stock Exchanges”) is planned to be listed on stock exchanges like BSE will be the designated stock exchange for the purposes of the offer (The “Listing Details”).
Beeline Capital Advisors Private Limited is the Book Running Lead Manager (the “BRLMs“). All capitalized terms used but not defined herein shall have the meaning ascribed to them in the RHP.
This offer is being made in terms of Regulation 31 read with SEBI ICDR Regulations and Rule 19(2) (b) of SCRR. A minimum of 50 per cent of the net offer in the offer being conducted through the book building process in terms of Regulation 6(1) of the SEBI ICDR Regulations shall be available for allotment to qualified institutional buyers (“QIBs”) (the “QIB Portion”) on a pro rata basis, provided that Anchor up to 60 per cent of QIB stake on discretionary basis as per discussion with our Company SEBI Book Running Lead Managers Investors (the “Anchor Investor Portion”).
One-third of which will be reserved for local mutual funds, subject to valid bids received from local mutual funds at or above the Anchor Investor Allocation Price as per SEBI ICDR Regulations. In case of under-subscription or non-allocation in the Anchor Investor Portion, the remaining shares will be added to the Net QIB Portion.
Further, 5 percent of the net QIB portion will be available for allocation on a pro rata basis only to mutual funds and the remaining portion of the net QIB portion will be available for allocation on a pro rata basis to all QIB bidders including mutual funds, subject to valid bids received at or above the offer price. However, if the total demand from mutual funds is less than 5 percent of the net QIB portion, the remaining equity shares available for allocation in the mutual fund portion will be added to the remaining net QIB portion for proportionate allocation to all QIBs.
In addition, a maximum of 15 percent of the net offer to non-institutional bidders (Non-Institutional Portion”) will be available for allotment (of which one-third of the non-institutional portion will be reserved for bidders with application sizes between Rs.0.20 million to Rs.1.00 million and two-thirds of the non-institutional category for non- will be reserved for allotment to Institutional Bidders)
And in case of undersubscription in any one of these two sub-categories of Non-Institutional Portion may be allotted to bidders in other sub-categories of Non-Institutional Portion as per SEBI ICDR Regulations subject to valid bids received at or above the offer price. A minimum of 35 percent of the net offer will be available for allotment to retail individual bidders as per SEBI ICDR regulations subject to valid bids received at or above the offer price.
All prospective bidders (other than the Anchor Investors) in this Offer, their respective ASBA Mandatory Application Supported by Blocked Amount (“ASBA”) will have to participate through a process in which the relevant amount of the bid is deposited with the Self-Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks, as applicable, will be blocked. to anchor investors ASBA Participating in the anchor investor portion through the process is not permitted. Read “Offer Procedure” on page 387 for more details.
