Mamata Machinery IPO: Another new stock is going to enter the stock market. The shares of packaging machinery manufacturer Mamata Machinery Limited will be listed on BSE and NSE on 27 September. Before that, the stock is trading at a premium in the gray market. The shares of Mamata Machinery are trading at a premium of Rs 200 in the gray market. However, according to market experts, investment decisions should be taken according to the business health of the company rather than the signals received from the gray market.

The IPO of packaging machinery manufacturer Mamta Machinery Limited has opened for subscription from Thursday (December 19). Investors can bid in it till December 23. The company wants to raise Rs 179 crore through the IPO.

IPO price band: Rs 230-243 per share
The price band of this IPO is Rs 230 to Rs 243 per equity share. The face value of each share is Rs 10. The lot size of this IPO is 61 equity shares and can be purchased in multiples of 61 shares thereafter. This IPO is entirely an Offer for Sale (OFS).

Signs of bumper profits from GMP
Mamta Machinery shares are showing a rise in the grey market. The GMP of Mamta Machinery's IPO on December 19 is Rs 200 per share. This means that Mamta Machinery shares can be listed at Rs 443. This means that investors can make a profit of 83 percent on the day of listing itself.