Mamata Equipment after garnering whopping subscription made first rate debut at the exchanges on Friday (December 27). On each the exchanges, the inventory debuted at a top class of a whopping 147 in keeping with cent at Rs 600, as towards the problem worth of Rs 243 in keeping with proportion.

Alternatively, on the shut, the inventory ended marvellously even upper than the directory worth at Rs 629.95, marking a considerable acquire of over 159 in keeping with cent.

The economic merchandise corporate raked within the easiest subscription of 194.95 instances amongst all of the 5 problems which might be to record as of late together with Transrail Lighting fixtures, DAM Capital, Sanathan Textiles and Cohesion Enviro.   

Prashanth Tapse, Senior VP (Analysis), Mehta Equities giving out his pre-listing view mentioned, “Regardless of a downtrend within the inventory marketplace closing week, however on a final-day rush Mamata Equipment gained a large reaction from all units of buyers with an general subscription of 194 instances. We imagine the call for was once at the again of cheap valuations protecting just right directory features on desk for brand spanking new buyers.”

Taking into consideration marketplace sentiments and big subscription call for, we think the corporate can record with sturdy directory acquire with top chance of turning in just about 100 in keeping with cent go back on its factor worth.

We propose conservative distributed buyers can recall to mind reserving income above our expectancies. Whilst longer term buyers will have to believe to HOLD IT FOR LONG TERM in spite of realizing quick time period volatility & chance within the markets. For non-allotted buyers, we suggest to acquire if we get dips submit directory because of benefit reserving makes an attempt, he added.

Mamata Equipment’s IPO main points

The introduced a Rs 179.39 crore IPO book-built factor that comprised fully an offer-for-sale (OFS) part of 0.74 crore stocks. The subscription length of the problem opened on December 19, 2024 and concluded on December 23, 2024.