IPO
Mamata Machinery’s Rs.179-Cr IPO booked over 100x
Ahmedabad- and Florida (USA)-based machine manufacturer Mamata Machinery ’s initial public offer (IPO) was subscribed more than 100 times with bids for nearly 51.96 crore shares against 51.78 lakh shares on offer.The retail portion of the IPO was booked over 100 times while the quota for non-institutional investors (NIIs) got subscribed 185.46 times and qualified institutional buyers (QIBs) booked their quota 36 times. The employees of the company booked their quota 116.24 times.The company aims to raise INR 179.39 crore from the primary market through its IPO.
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