The initial public offering of packaging machinery manufacturer 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 received bids for 1,00,94,81,802 shares, as against 51,78,227 shares on offer, as per NSE data.The Non-Institutional Investors part received a staggering 274.38 times subscription, while the Qualified Institutional Buyers (QIBs) chunk got subscribed 235.88 times. Retail Individual Investors (RIIs) portion garnered 138.08 times subscription.The Rs 179-crore IPO has a price range of Rs 230-243 per share.The Gujarat-based company's initial share sale is entirely an Offer-for-Sale (OFS) of 73.82 lakh equity shares by promoters worth Rs 179.38 crore at the upper-end of the price band.Mamata Machinery provides end-to-end manufacturing solutions for the packaging industry.

Mamata Machinery IPO subscribed 194.95 times

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