Mamata Machinery Ltd. IPO

Here are the key details of the IPO for Mamata Machinery Limited

Company Overview

Company Name: Mamata Machinery Limited

IPO Details

Face Value of Equity Shares: Rs. 10 each

Fresh Issue Size: Not applicable

Offer for Sale Size: Up to 7,382,340 equity shares aggregating up to Rs. [-] million

Company Business

Mamata Machinery Limited manufactures and exports plastic bags and pouch making machines, packaging machines, and extrusion equipment. The company provides end-to-end manufacturing solutions for the packaging industry. Products made using Mamata's machines are used across various industries, particularly in the packaging of food and FMCG products. The company primarily sells its packaging machinery to direct consumer brands catering to the FMCG, Food & Beverage Industry, and its bag and pouch making machines to converters and service providers mainly catering to the FMCG and consumer industry. The machinery is also used in non-packaging applications, such as e-commerce bags and garment packaging bags. Mamata's key customers include notable names such as Balaji Wafers Private Limited, Dass Polymers Private Limited, and Gits Food Products Private Limited. The company also provides after-sales service and continually launches new and advanced machines as part of its focus on innovation. Mamata Machinery began its commercial operations in 1989 as a manufacturer of microprocessor-controlled bag-making machines and has since expanded into various categories of packaging applications. In 1997, it entered the film extrusion machinery business, and in 1998, it started exporting bag and pouch making machines to the European Union. In 2003, Mamata began operations in the United States through its wholly-owned subsidiary, Mamata Enterprises Inc. As of May 31, 2024, Mamata has supplied machines to over 75 countries and provides end-to-end solutions for plastic film-based flexible packaging. The company has a global sales network, with offices in Bradenton, Florida, and Montgomery, Illinois, and sales agents in over 5 countries. Mamata offers a comprehensive range of products serving the flexible packaging market, including bag and pouch making machines, packaging machines, and co-extrusion blown film machines. The machines are sold under the brand names "Vega" and "Win," and as of May 31, 2024, over 4,500 machines have been installed in 75 countries worldwide.