Mamata Machinery Ltd IPO

About Mamata Machinery Ltd

Mamata Machinery Limited was incorporated as `Patel Machinery Private Limited', as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 17, 1979 issued by the Registrar of Companies, Gujarat at Ahmedabad (RoC). Pursuant to a special resolution passed by the shareholders of the Company dated September 19, 1988, the name of the Company was changed to `Mamata Machinery Private Limited', and the Company received a fresh certificate of incorporation dated December 16, 1988 issued by the RoC. Subsequently, the Company was converted into a public limited company, pursuant to a special resolution passed by the shareholders of the Company dated June 5, 2024 and the name of the Company was changed to `Mamata Machinery Limited' and a fresh certificate of incorporation dated June 21, 2024, was issued by the RoC.

The global economy is expected to report a moderate further to 3% GDP growth in CY 2023 and 2.9% in CY 2024. Meanwhile, GDP growth in Emerging and Developing Asia (India, China, Indonesia, Malaysia etc.) is expected to increase from 4.4% in CY 2022 to 5.3% in CY 2023. According to the Economic Survey 2022-23, India ranks as the world's third-largest economy in PPP terms and the fifth largest in terms of GDP. The substantial economic size has created fresh business prospects globally, particularly in the packaging industry. Currently, Indian packaging sector is dominated by rigid packaging segment. However, the penetration of flexible packaging materials is increasing steadily. As per industry sources, the market size of global packaging machinery market was estimated to value at USD 46.8 Bn in 2022 which is slated to grow to USD 60.8 Bn by 2028, witnessing 4.5% CAGR increase between 2022-28. The export of packaging machinery has displayed a remarkable trajectory over the given years. In FY 2019, the export value stood at INR 13.9 billion, and by FY 2023, it reached an impressive INR 23.8 billion. The CAGR over this period stands at a remarkable 14%, indicative of sustained and substantial growth. The flexibility in transportation and storage along with superior barrier properties is helping in the growth of flexible packaging materials. With demand for products like packaged food and personal care products increasing, usage of flexible packaging materials - which is the preferred packaging material in food & beverage industry - would increase.

Mamata Machinery Limited 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. Products manufactured using its machines are used across several industries as packaging applications, such as the packing of food and FMCG products. We primarily sell its packaging machinery to direct consumer brands catering to the FMCG, Food, & Beverage Industry and bag and pouch making machines to convertors and service providers who, in turn, mainly catering the FMCG and consumer industry. Its machineries are also utilised in non-packaging applications, such as e-commerce bags and garment packaging bags. The company consistently endeavour to expand its product offerings and solutions to its customers. The Company also provides after-sales service to its customers. As part of its focus on innovation, the company has launched new and advanced machines from time to time.

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