Ahmedabad: Sanand-based Mamata Machinery Ltd, has filed its Draft Red Herring Prospectus (DRHP) with stock market regulator, the Securities and Exchange Board of India (SEBI). Beeline Capital Advisors Private Limited is the sole Book Running Lead Manager to the Issue (BRLM).
As per the official statement of the company, “The objects of the Offer are to (i) carry out the Offer for Sale of up to 7,382,340 Equity Shares by the Selling Shareholders; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges. The company will not receive any proceeds from the Offer, and all such proceeds will go to the Selling Shareholders.”
Selling shareholders:
| Mahendra Patel | Promoter Selling Shareholder | Up to 534,483 Equity Shares |
| Nayana Patel | Promoter Selling Shareholder | Up to 1,967,931 Equity Shares |
| Bhagvati Patel | Promoter Selling Shareholder | Up to 1,227,042 Equity Shares |
| Mamata Group Corporate Services LLP | Promoter Selling Shareholder | Up to 2,129,814 Equity Shares |
| Mamata Management Services LLP | Promoter Selling Shareholder | Up to 1,523,070 Equity Shares |
“Mamata Machinery Ltd 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. The company sells its machines under the brand name “Vega” and “Win” and as of May 31, 2024, the company has installed over 4,500 machines in 75 countries around the world,” the official statement said.
“The customers include Balaji Wafers Private Limited, Dass Polymers Private Limited, Jflexy Packaging Private Limited, Euphoria Packaging Private Limited, Sunrise Packaging, Om Flex India, Chitale Foods, V3 Polyplast Private Limited, Dhalumal Packaging Industries LLC, Laxmi Snacks Private Limited, Ganges Jute Private Limited, Western India Cashew Company Private Limited and N. N. Print & Pack Private Limited and Gits Food Products Private Limited and Emirates National Factory for Plastic Ind LLC.” the company note further states.
