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Macobs Technologies IPO is a book built issue of Rs 19.46 crores. The issue is entirely a fresh issue of 25.95 lakh shares.
Macobs Technologies IPO bidding started from July 16, 2024 and ended on July 19, 2024. The allotment for Macobs Technologies IPO was finalized on Monday, July 22, 2024. The shares got listed on NSE SME on July 24, 2024.
Macobs Technologies IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
SKI Capital Services Limited is the book running lead manager of the Macobs Technologies IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Macobs Technologies IPO is SKI Capital Services.
Refer to Macobs Technologies IPO RHP for detailed information.
| IPO Date | July 16, 2024 to July 19, 2024 |
| Listing Date | July 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,595,200 shares (aggregating up to ₹19.46 Cr) |
| Fresh Issue | 2,595,200 shares (aggregating up to ₹19.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,200,000 |
| Share holding post issue | 9,795,200 |
| Market Maker portion | 131,200 shares SKI Capital Services |
Macobs Technologies IPO offers 2,595,200 shares. 296,000 (11.41%) to QIB, 862,400 (33.23%) to NII, 862,400 (33.23%) to RII and 443,200 (17.08%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 443,200 (17.08%) |
| Market Maker Shares Offered | 131,200 (5.06%) |
| QIB Shares Offered | 296,000 (11.41%) |
| NII (HNI) Shares Offered | 862,400 (33.23%) |
| Retail Shares Offered | 862,400 (33.23%) |
| Total Shares Offered | 2,595,200 (100%) |
Macobs Technologies IPO raises Rs 3.32 crore from anchor investors. Macobs Technologies IPO Anchor bid date is July 15, 2024. Macobs Technologies IPO Anchor Investors list
| Bid Date | July 15, 2024 |
| Shares Offered | 443,200 |
| Anchor Portion Size (In Cr.) | 3.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 20, 2024 |
Macobs Technologies IPO opens on July 16, 2024, and closes on July 19, 2024.
| IPO Open Date | Tuesday, July 16, 2024 |
| IPO Close Date | Friday, July 19, 2024 |
| Basis of Allotment | Monday, July 22, 2024 |
| Initiation of Refunds | Tuesday, July 23, 2024 |
| Credit of Shares to Demat | Tuesday, July 23, 2024 |
| Listing Date | Wednesday, July 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 19, 2024 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator | |||
Shivam Bhateja, Dushyant Gandotra, and Divya Gandotra are the company's promoters.
| Share Holding Pre Issue | 65% |
| Share Holding Post Issue |
Macobs Technologies Limited was founded in 2019 and offers products for male grooming.
The company offers specialized trimmers for sensitive areas, hygiene products tailored to male skin, briefs, and a variety of self-care items via its website https://menhood.in/. The company does not have physical stores or a traditional retail presence.
Competitive strengths:
The company has 15 full-time employees.
Macobs Technologies Limited's revenue increased by 39.91% and profit after tax (PAT) rose by 8.2% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,443.44 | 595.05 | 152.51 |
| Revenue | 2,074.67 | 1,482.81 | 602.30 |
| Profit After Tax | 221.27 | 204.50 | 38.89 |
| Net Worth | 720.00 | 1.00 | 1.00 |
| Reserves and Surplus | 262.77 | 243.50 | 39.00 |
| Total Borrowing | 250.14 | 107.35 | 20.84 |
| Amount in ₹ Lakhs | |||
The market capitalization of Macobs Technologies IPO is Rs 73.46 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 36.06% |
| ROCE | 30.53% |
| RoNW | 22.52% |
| P/BV | 5.49 |
| PAT Margin (%) | 10.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.07 | 2.26 |
| P/E (x) | 24.4 | 33.2 |
The Company proposes to utilize the funds towards funding the following objects and achieve the benefits of listing on the NSE EMERGE Platform:
[Dilip Davda] The company is marketing the male grooming products on e-commerce platform and has succeeded in getting the desired results. The management is confident on improving its performance post IPO funds availability. It posted growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park funds for the medium to long term. Read detail review...
The Macobs Technologies IPO is subscribed 202.32 times on July 19, 2024 6:19:59 PM. The public issue subscribed 176.87 times in the retail category, 88.92 times in the QIB category, and 266.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 88.92 |
| NII | 266.70 |
| Retail | 176.87 |
| Total | 202.32 |
Total Application : 95,334 (176.87 times)
| Listing Date | July 24, 2024 |
| BSE Script Code | |
| NSE Symbol | MACOBSTECH |
| ISIN | INE0R0J01010 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹75.00 |
| ₹96.00 |
| ₹96.00 |
| ₹100.80 |
| ₹100.80 |
Macobs Technologies Limited
Plot No. A-305,
Backside National Handloom Corp. Vaishali Nagar,
Jaipur - 302021
Phone: +91 8062195170
Email: compliance@macobstech.com
Website: https://macobstech.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Macobs Technologies IPO is a SME IPO of 2,595,200 equity shares of the face value of ₹10 aggregating up to ₹19.46 Crores. The issue is priced at ₹71 to ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on July 16, 2024, and closes on July 19, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Macobs Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Macobs Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Macobs Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Macobs Technologies IPO opens on July 16, 2024 and closes on July 19, 2024.
Macobs Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in Macobs Technologies 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 Macobs Technologies IPO will be done on Monday, July 22, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 23, 2024. Check the Macobs Technologies IPO allotment status.
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Macobs Tech in green even after heavy selling in broader market :P
I thought this would be the first one to nosedive