The initial public offer of packaging machinery manufacturer Mamata Machinery Ltd got fully subscribed within minutes of opening for bidding on Thursday and finally ended with 16.48 times subscription. The initial share sale received bids for 8,53,20,334 shares against 51,78,227 shares on offer, translating into 16.48 times subscription, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 23.84 times subscription. The portion for non-institutional investors received 18.87 times subscription and the category for Qualified Institutional Buyers (QIBs) got subscribed 1.51 times. The Rs 179-crore IPO is open for public subscription from December 19-23 in the price range of Rs 230-243 per share. Mamata Machinery Ltd on Wednesday said it has raised over Rs 53 crore from anchor investors. 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 ...