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Macfos IPO is a book built issue of Rs 23.74 crores. The issue is entirely an offer for sale of 23.28 lakh shares.
Macfos IPO bidding started from February 17, 2023 and ended on February 21, 2023. The allotment for Macfos IPO was finalized on Friday, February 24, 2023. The shares got listed on BSE SME on March 1, 2023.
Macfos IPO price band is set at ₹96 to ₹102 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹122,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹244,800.
Hem Securities Limited is the book running lead manager of the Macfos IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Macfos IPO is Hem Securities.
Refer to Macfos IPO RHP for detailed information.
| IPO Date | February 17, 2023 to February 21, 2023 |
| Listing Date | March 1, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹102 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,328,000 shares (aggregating up to ₹23.74 Cr) |
| Offer for Sale | 2,328,000 shares of ₹10 (aggregating up to ₹23.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,835,424 |
| Share holding post issue | 8,835,424 |
| Market Maker portion | 116,400 shares Hem Securities |
Macfos IPO offers 2,444,400 shares. 1,104,000 (45.16%) to QIB, 332,400 (13.60%) to NII, 775,200 (31.71%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 116,400 (4.76%) |
| QIB Shares Offered | 1,104,000 (45.16%) |
| NII (HNI) Shares Offered | 332,400 (13.60%) |
| Retail Shares Offered | 775,200 (31.71%) |
| Total Shares Offered | 2,444,400 (100%) |
Macfos IPO opens on February 17, 2023, and closes on February 21, 2023.
| IPO Open Date | Friday, February 17, 2023 |
| IPO Close Date | Tuesday, February 21, 2023 |
| Basis of Allotment | Friday, February 24, 2023 |
| Initiation of Refunds | Monday, February 27, 2023 |
| Credit of Shares to Demat | Tuesday, February 28, 2023 |
| Listing Date | Wednesday, March 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 21, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
| HNI (Min) | 2 | 2,400 | ₹244,800 |
| Lot Size Calculator | |||
Atul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.65% |
Incorporated in 2017, Macfos Limited is primarily an e-commerce company. The company has an e-commerce website and mobile application, Robu.in. The company sell a broad range of electronic items, including robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printer & parts, DIY learning kits, development boards, Raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components.
As on September 30, 2022, Macfos Limited is connected with over +140 overseas and domestic vendors for sourcing electronic items and parts. The company also have a portfolio of 3 owned brands, which are manufactured/procured from third parties.
The company has a fulfilment Centre in Pune, Maharashtra comprising of 7,900 sq. ft. area and third-party logistics services. The company have served over 2 lakh orders placed by over 83,000 consumers on the website, mobile application and directly
In F.Y. 2021-22, the company have served over 2 lakh orders from all the 28 states of India and 6 Union Territories of India.
Some of the esteemed customers which have been served by the company include ONGC, M&M, Hindustan Aeronautics Ltd., Tata Power Solar Systems Ltd., Central Electronics Engineering Research Institute, Pilani, Wipro Enterprises Pvt. Ltd., Bharat Forge Ltd., Tata Communications Ltd., Schneider Electric India Private Limited etc.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 624.62 | 1,622.16 | 32.97 | 52.55 | 51.55 | 433.12 |
| 31-Mar-21 | 941.75 | 2,733.76 | 158.31 | 310.66 | 309.64 | 350.13 |
| 31-Mar-22 | 2,047.20 | 5,587.07 | 601.27 | 911.93 | 910.91 | 603.26 |
| 30-Sep-22 | 2,598.74 | 3,605.40 | 295.85 | 1,207.78 | 1,206.76 | 938.00 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Macfos IPO is Rs 90.12 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.22 |
The Selling Shareholders will be entitled to the entire proceeds of the Offer.
[Dilip Davda] The company is a purely third-party product marketer and has no own facilities to manufacture. Though it posted robust growth in the last 18 months’ performance, the sustainability of such margins in the future remains a concern. This being a pure OFS, no fund is going to the company. It has a renowned clientele that holds the key. Well-informed/cash surplus investors may consider parking funds in this fully priced offer. Read detail review...
The Macfos IPO is subscribed 193.87 times on February 21, 2023 6:57:00 PM. The public issue subscribed 268.45 times in the retail category, 21.60 times in the QIB category, and 659.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 21.60 |
| NII | 659.99 |
| Retail | 268.45 |
| Total | 193.87 |
| Listing Date | March 1, 2023 |
| BSE Script Code | 543787 |
| NSE Symbol | |
| ISIN | INE0OLH01013 |
| Final Issue Price | ₹102 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹102.00 |
| ₹184.00 |
| ₹174.80 |
| ₹184.00 |
| ₹174.80 |
Macfos Limited
S. No. 78/1, Sumant Building,
Dynamic Logistics Trade Park, Dighi,
Bhosari Alandi Road, Pune – 411-015
Phone: +91-022-68197600
Email: cs@robu.in
Website: http://www.robu.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Macfos IPO is a SME IPO of 2,328,000 equity shares of the face value of ₹10 aggregating up to ₹23.74 Crores. The issue is priced at ₹96 to ₹102 per share. The minimum order quantity is 1200 Shares.
The IPO opens on February 17, 2023, and closes on February 21, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Macfos IPO using UPI as a payment gateway. Zerodha customers can apply in Macfos IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Macfos IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Macfos IPO opens on February 17, 2023 and closes on February 21, 2023.
Macfos IPO lot size is 1200 Shares, and the minimum amount required is ₹122,400.
You can apply in Macfos IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Macfos IPO will be done on Friday, February 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 28, 2023. Check the Macfos IPO allotment status.
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