Mamata Machinery Limited IPO

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The company specialize in the manufacturing and export of advanced plastic bag and pouch-making machines, packaging machinery, and extrusion equipment. Their company delivers end-to-end manufacturing solutions tailored to the packaging industry, ensuring high-quality equipment that supports a wide range of applications across several sectors.

Product Offerings and Applications

i. Packaging Solutions               ii. Specialized Machinery                   iii. Innovation in Machinery

Customer Base

They serve a diverse and prestigious clientele, reflecting their reputation for quality and reliability. Some of their notable clients include:
i. Balaji Wafers Private Limited                                         ii. Hershey India Private Limited
iii. Euphoria Packaging Private Limited                          iv. Laxmi Snacks Private Limited
v. Western India Cashew Company Private Limited     vi. Emirates National Factory for Plastic Ind LLC
vii.Gits Food Products Private Limited

Their products also find utility across other industries such as cashew processing, jute packaging, and specialized printing and polyprinting sectors.

After-Sales Service :- In addition to manufacturing, they emphasize providing robust after-sales support, ensuring their clients can maximize the efficiency and lifespan of their machines. This comprehensive service strengthens long-term relationships with their customers.

Innovation and Growth

Their company is committed to innovation, consistently expanding their product offerings to adapt to customer needs. They have established themselves as a key player in both packaging and non-packaging machinery, underpinned by their focus on advanced technology and customer satisfaction.

With a strong customer-centric approach and a focus on quality, they aim to continue scaling their operations to meet the global demand for packaging and manufacturing solutions.

Objects of the Mamata Machinery Limited IPO:

The Company will not receive any proceeds from the Offer (the " Offer Proceeds") and all the Offer Proceeds will be received by the Selling Shareholders post deduction of Offer-related expenses to be borne by the Selling Shareholders. Total number of shares issue :- i. Offer for sale is 7,382,340 shares.
DRHP of Mamata Machinery Limited IPO
RHP of Mamata Machinery Limited IPO

Mamata Machinery Limited IPO Details:

Open Date: Dec 19 2024
Close Date: Dec 23 2024
Total Shares: 7,382,340
Face Value: ₹ 10 Per Equity Share
Issue Size: 179.39 Cr.
Lot Size: 61 Shares
Issue Price: ₹ 230 - 243 Per Equity Share
Listing At: NSE,BSE
Listing Date: Dec 26 2024

Promoters And Management:

Mahendra Patel, Chairman and Managing Director of the Company, has been associated with it since inception. With a diploma in mechanical engineering and a Master’s in industrial engineering from Cranfield Institute of Technology, he brings over 40 years of engineering industry experience. A former president of Ahmedabad Management Association, he has received recognition from The All India Plastics Manufacturers’ Association. He oversees the overall management and strategic growth initiatives of the Company. Chandrakant Patel, Joint Managing Director of the Company, has been with them since 1990. A graduate in engineering from L.D. College of Engineering, he has over 30 years of experience in the machine engineering industry. Previously associated with Museco Patel Valves and Elecon Engineering, he now oversees sales, services, and marketing divisions at the Company. Neha Nowlakha, an Independent Director of the Company since 2024, holds a bachelor's degree in commerce from the University of Mumbai and a Master's in international business from Aston Business School. With over 20 years of experience in the finance industry, she has previously worked with Forvol Investment and Trading Company and HSBC Bank.

Financials of Mamata Machinery Limited IPO:

In Cr.
Particulars June 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 27.62 236.61 200.87 192.24
EBITDA (0.30) 47.18 (19.94%) 23.74 (11.82%) 29.94 (15.57%)
PAT 0.20 (0.79%) 36.13 (15.27%) 22.51 (11.20%) 21.70 (11.29%)
ROCE (0.78%) 31.29% 15.71% 25.73%
CFOA (1.81) 19.38 17.17 37.19
Cash Conversion Ratio Negative 41.07% 72.33% 124.22

Comparison With Peers:

Companies Revenue EBITDA PAT D/E Ratio MCap P/E
Mamata Machinery (FY 2024) 236.61 Cr. 47.18 (19.94%) 36.13 (15.27%) 0.03 598 Cr. 16.55
Rajoo Engineers (TTM) 220 Cr. 33 Cr. (15%) 25 Cr. (11.36%) 0 4,336 Cr. 177
Windsor Machines (TTM) 337 Cr. 17 Cr. (5%) -47 Cr. 0.05 2,585 Cr. In Loss
Kabra Extrusion (TTM) 508 Cr. 68 Cr. (13%) 36 Cr. (7.08%) 0.24 1,829 Cr. 51.20

Recommendation on Mamata Machinery Limited IPO:

Review and Recommendation of Mamata Machinery IPO by team IZ is 4/10.

Lead Manager of Mamata Machinery Limited IPO:

  1. Beeline Broking Limited

Registrar of Mamata Machinery Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Mamata Machinery Limited Survey No. 423/P, Sarkhej-Bavla Road N.H No. 8A Moraiya, Sanand, Ahmedabad– 382213, Phone: 02717–630 800/801 Email: investor@mamata.com Website: https://www.mamata.com/

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