Mamata Machinery Share Price: Multibagger on Debut! Mamata Machinery shares list at 147% premium vs IPO price
The shares of Mamata Machinery listed at a stellar premium of 146.91% on the exchanges on Friday. The stock debuted at Rs 600 on both the BSE and NSE, against an issue price of Rs 243.
Despite a downtrend in the stock market last week, Mamata Machinery IPO received a massive response from all sets of investors with an overall subscription of 194 times. Analysts believe the demand was on the back of reasonable valuations keeping good listing gains on table for new investors.
Post the listing, Prashanth Tapse of Mehta Equities advised conservative allotted investors to consider booking profits, while long term investors should consider holding it despite knowing short term volatility and risk in the markets.
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