The total offer size comprises 7,382,340 equity shares with a face value of ₹10 each. This is entirely an Offer for Sale by the Promoter Selling Shareholders, distributed as follows:
Mahendra Patel: 534,483 shares
Nayana Patel: 1,967,931 shares
Bhagvati Patel: 1,227,042 shares
Mamata Group Corporate Services LLP: 2,129,814 shares
Mamata Management Services LLP: 1,523,070 shares
The price band has been set at ₹230 to ₹243 per share, with a discount of ₹12 per share for eligible employees bidding in the Employee Reservation Portion. Investors can place bids for a minimum of 61 shares and in multiples of 61 thereafter.
The Anchor Investor Bid/Offer Period will open and close on Wednesday, December 18, 2024, a day before the general subscription period begins.
MML's equity shares will be listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The designated stock exchange for this offer is BSE. The IPO is being offered through the Red Herring Prospectus filed with the Registrar of Companies, Gujarat, on December 12, 2024.
'Beeline Capital Advisors Private Limited' is serving as the book-running lead manager (BRLM) for the offering.
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