Mamata Machinery’s IPO was highly subscribed, reaching 194.95 times, with qualified institutional buyers and non-institutional investors leading the charge. The IPO, completely an offer for sale worth Rs 179 crore, had a price band of Rs 230-243 per share. Analysts recommended subscribing due to the company’s niche market position and fair valuation. Mamata Machinery’s IPO was highly subscribed, reaching 194.95 times, with qualified institutional buyers and non-institutional investors leading the charge. The IPO, completely an offer for sale worth Rs 179 crore, had a price band of Rs 230-243 per share. Analysts recommended subscribing due to the company’s niche market position and fair valuation. Economic Times
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