Mamata Machinery manufactures and export plastic bags and pouch making machines, packaging machines and extrusion equipment. The company provides end-to-end manufacturing solutions for the packaging industry. Mamata Machinery IPO shall be raising Rs 179.39 crores. The issue is entirely an offer for sale.
IPO opens
December 19, 2024
IPO Closes
December 23, 2024
IPO Size (Rs.)
₹179.39 Cr
Breakup
OFS
Face Value:
₹ 10
IPO Price in Rs :
₹230 – ₹243
Minimum Lot
61 shares
Listing At
NSE , BSE (mainboard)
QIB
~50 %
NII Quota
~15%
Retail Quota
~35%
BRLM
Beeline Capital Advisors Pvt Ltd
Registrar
Link Intime India Pvt Ltd.
About Mamata Machinery
Incorporated in April 1979, Mamata Machinery Limited is a global provider of manufacturing solutions for the packaging industry,
The company manufactures and export plastic bags and pouch making machines, packaging machines and extrusion equipment. The company provides end-to-end manufacturing solutions for the packaging industry.
Thy are specializing in machines for making plastic bags, pouches, packaging, and extrusion equipment.
They are serving FMCG, food, and beverage industries, its clients include many prominent companies.
They have exports to over 75 countries and offices in the USA, along with sales agents in Europe, South Africa, and Asia, the company has a strong international presence.
They are operating two manufacturing facilities in India and the USA,
They employ 87 skilled engineers and experts in electronics, mechanics, software, and design.
Financials : Mamata Machinery IPO
Particulars/ Rs Cr.
2024 (3)
2024 (12)
2023(12)
2022(12)
Total Income
29.19
241.31
210.13
196.57
Revenue from Operations
27.62
236.61
200.87
192.25
Revenue Growth (%)
–
17.80%
4.48%
–
EBITDA as stated
-0.32
47.18
23.74
29.94
EBITDA Margin (%)
-1.14%
19.94%
11.82%
15.57%
Net Profit
0.22
36.13
22.51
21.7
Net Profit (%)
0.79%
15.27%
11.20%
11.29%
Share Capital
24.61
2.73
2.97
2.97
Net Worth
132.82
131.88
127.38
103.56
Total Borrowings
4.34
11.6
18.63
20.86
Adj. NAV (₹)
53.98
53.59
47.62
38.71
Post issue Share Capital
24.61
FV
10.0
IPO price
243.0
EPS Fy24
14.7
PE
16.6
EPS Fy25 (annualized)
0.4
PE (annualized)
679.6
Market cap in cr.
598
Market cap / Sales
2.53
Anchor: Mamata Machinery IPO
Salient Points: Mamata Machinery IPO
Flexible packaging industry, which was valued at $49 billion in 2023 and is likely to grow at a CAGR of 12.6% from 2022 to 2027. This growth is driven by improving demand for packaged food and need for better and cost-effective packaging solutions.
70% of revenue generated from international markets.
Margins are way ahead in exports.
The company has been able to create a global footprint in terms of customers, and its top 10 overseas customers in FY 2024, are located in the USA, UAE, Poland and Spain.
The company continues to invest in design and development and has an in-house team of engineers and application experts.
Company has registered 4 patents for products and processes and has applied for 2 patents that are currently pending for approval.
The company has a healthy track record of revenue growth and profitability. The company’s revenue from operations grew at a CAGR of 10.94% from ₹ 192.25 Cr in FY 2022 to ₹ 236.61 Cr in Fiscal 2024, while the EBITDA has grown at a CAGR of 25.53 % from ₹ 29.94 Cr in FY 2022 to ₹ 47.18 Cr in FY 2024.
Peers
The company has shown listed peers include Rajoo Engineers, Windsor Machines, and Kabra Extrusion Technik. PE ratios are Mamata Machinery (16.6x) , Rajoo Engineers’ P/E of 179x , Windsor Machines (Loss) and Kabra Extrusion Technik (50x)
Company’s financial parameters are stronger than peers.
PE (FY25 annualized) – ; PE FY24 15.6x.
Mamata Machinery is a leading exporter of packaging machinery, ranking 7th globally in FY24 with a 3% market share
Management, has indicated that annualizing performance on the basis of Q1 number will be wrong, as its historical data shows second half is better.
I intend to apply in Mamata Machinery IPO. It is a small IPO but also the strongest among the current lot.
GMP as reported in media is Rs. 250 (103%)
This post is exploratory and educational purposes only.
Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.
