Mamata Machinery’s 147% Premium

New Delhi: Shares of packaging machinery manufacturer Mamata Machinery Ltd made a re-markable debut on Friday, listing with a huge premium of nearly 147 per cent, against the issue price of Rs 243.

On the BSE, shares of the firm listed at Rs 600, a jump of 146.91 per cent. It further zoomed 159.23 per cent to Rs 629.95. The stock began the trade at Rs 600 on the NSE. The firms’ market valuation stood at Rs 1,550.17 crore.

The initial public offering of Mamata Machinery Ltd fetched a whopping 194.95 times subscription on the final day of share sale on Monday. The Rs 179-crore initial share sale had a price range of Rs 230-243 per share.