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- Upcoming IPO Update; Mamata Machinery, Transrail Lighting, Sanathan Textiles Ventive Hospitality
Mumbai10 minutes ago
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This week, 4 initial public offers i.e. IPOs will be open for listing in the share market. These include Mamta Machinery Limited, Transrail Lighting Limited, Sanathan Textiles Limited and Ventiv Hospitality Limited. Let us know about the IPO of these four companies one by one.
1. Mamta Machinery Limited
Mamta Machinery Limited wants to raise ₹179.39 crore through IPO. For this, the existing investors of the company are selling 73,82,340 shares worth ₹ 179.39 crore. Mamta Machinery will not issue even a single fresh share for the IPO.
Investors will be able to bid for this IPO from December 19 to December 23. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on December 27.
Retail investors can bid for maximum 793 shares
Mamta Machinery Limited has fixed the price band of this issue at ₹230-₹243. Retail investors can bid for a minimum of one lot i.e. 61 shares. If you apply for 1 lot at the upper price band of IPO of ₹ 243, then you will have to invest ₹ 14,823.
Whereas, retail investors can apply for maximum 13 lots i.e. 793 shares. For this, investors will have to invest ₹ 1,92,699 as per the upper price band.
Mamta Machinery’s premium in gray market is 37.86%
Before the IPO opened, the company’s shares had reached a premium of 37.86% i.e. ₹92 per share in the gray market. In such a situation, according to the upper price band of ₹ 243, its listing can be at ₹ 335. However, this is only an estimate, the listing price of a share is quite different from the gray market price.
The company manufactures plastic bags, pouches, packaging and extrusion equipment.
Mamata Machinery Limited, established in April 1979, manufactures and exports machines for making plastic bags, pouches, packaging and extrusion equipment. The company provides services to FMCG, food and beverage industry. The company’s customers include Balaji Wafers Pvt Ltd, Das Polymers Pvt Ltd, Jflexi Packaging Pvt Ltd, Euphoria Packaging Pvt Ltd, Sunrise Packaging, Om Flex India among others.
2. Transrail Lighting Limited
Transrail Lighting Limited has so far given information only about the tentative schedule of the IPO. Investors will be able to bid for this IPO from December 19 to December 23. The company will be listed on NSE and BSE on 27th December. The company will soon give information about how much fund it wants to raise through this issue and what will be the price band of the IPO.
Transrail Lighting Limited was established in February 2008.
Transrail Lighting Limited was established in February 2008. It is an engineering and construction company engaged in manufacturing monopoles and conductors for power transmission and distribution. Since inception, the company has completed more than 200 power transmission and distribution projects.
The company’s business is spread across 58 countries including Bangladesh, Kenya, Tanzania, Niger, Nigeria, Mali, Cameroon, Finland, Poland and Nicaragua with turnkey EPCs and supply projects.
3. Sanathan Textiles Limited
Sanathan Textiles Limited has also given information only about the tentative schedule of IPO. Investors will be able to bid for this IPO from December 19 to December 23. The company will be listed on NSE and BSE on 27th December. The company will soon give information about how much fund it wants to raise through this issue and what will be the price band of the IPO.
The company is a polyester yarn manufacturer and global supplier.
Sanathan Textiles Limited, established in 2005, is a leading polyester yarn manufacturer and global supplier. The company’s business is divided into 3 different yarn verticals, which include polyester yarn products, cotton yarn products and yarn for technical textiles and industrial uses.
As of September 30, 2024, the company had more than 3,200 active variants of yarn products and more than 45,000 stock-keeping units. As of June 30, 2024, the company had more than 925 distributors in India along with 7 countries including Argentina, Singapore, Germany, Greece, Canada and Israel.
4. Ventive Hospitality Limited Ventiv Hospitality Limited has also given information only about the tentative schedule of IPO. Investors will be able to bid for this IPO from December 20 to December 24. The company will be listed on NSE and BSE on December 30. The company will soon give information about how much fund it wants to raise through this issue and what will be the price band of the IPO.
Ventiv Hospitality Limited was established in February 2002.
Established in February 2002, Ventiv Hospitality Limited is in the hospitality business. The company mainly deals with developing and managing luxury hotels and resorts. As of September 30, 2024, the company had 11 hospitality assets under management in India and Maldives.
Hospitality assets managed by Vantive Hospitality include hotels and resorts such as Marriott, Hilton, Miner and Atmosphere. As of September 30, 2024, there were 2,791 permanent employees in the company.
