Mamata Machinery IPO lists today: Experts forecast 107% premium, Check latest GMP!

Mamata Machinery IPO is set to list today, December 27, at 10:00 IST on both the BSE and NSE. The shares will be listed under the ‘T’ Group of Securities and will participate in the Special Pre-open Session (SPOS).

The IPO allotment was finalized on December 24, and shares were credited to demat accounts on December 26. The IPO had strong institutional support, with a subscription rate of 194.95 times on December 23.

Experts predict a significant debut for Mamata Machinery shares. Research Analyst Prathamesh Masdekar from StoxBox expects a 107% premium over the upper price range. The company aims to expand its product offerings and customer base, focusing on enhancing productivity and reducing costs. Masdekar advises holding onto the shares for medium to long-term growth.

Mehta Equities’ Prashanth Tapse noted the overwhelming response, attributing it to reasonable valuations. He anticipates strong listing gains, potentially nearing 100% returns on the issue price.

Swastika Investmart’s Shivani Nyati highlighted the company’s solid global presence and financial performance, calling the IPO’s valuation attractive. Mamata Machinery’s grey market premium (GMP) stands at ₹260, indicating a robust listing with an estimated opening price of ₹503 per share, 107% higher than the IPO price of ₹243.

Overall, with high subscription interest and strong market sentiment, Mamata Machinery’s listing today is expected to generate impressive returns.