Mamata Machinery fixes Rs 230-243 for Rs 179 crore IPO. Check details
[hfe_template id='11223']
[ad_1]
Gujarat-based Mamata Machinery fixed a price band of Rs 230-243 for its Rs 179 crore initial public offering (IPO), which opens for public subscription on December 19 and will be available for bidding till December 23. The IPO is a pure offer for sale (OFS) comprising up to 73.82 lakh shares by promoters and existing shareholders and at the upper level of the price band, the total value of the IPO stands at Rs 179.39 crore. The investors can bid for the issue for a minimum quantity of multiples of 61 shares and in multiples of 61 shares thereof. The issue will open for the anchor investors on December 18, a day before it opens for the public. About 50% of the net issue will be reserved for qualified institutional buyers (QIBs), while 15% of the issue will be reserved for non-institutional investors. Meanwhile, 35% of the IPO will be reserved for retail investors. Since the issue is completely an offer for sale, the company does not intend...