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Macobs Technologies Limited IPO (Macobs Technologies IPO) Detail

July 16, 2024 - July 19, 2024

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 opens for subscription on July 16, 2024 and closes on July 19, 2024. The allotment for the Macobs Technologies IPO is expected to be finalized on Monday, July 22, 2024. Macobs Technologies IPO will list on NSE SME with tentative listing date fixed as Wednesday, 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.

Macobs Technologies IPO Details

IPO Date July 16, 2024 to July 19, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹71 to ₹75 per share
Lot Size 1600 Shares
Total Issue Size2,595,200 shares
(aggregating up to ₹19.46 Cr)
Fresh Issue2,595,200 shares
(aggregating up to ₹19.46 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue7,200,000
Share holding post issue9,795,200
Market Maker portion131,200 shares
SKI Capital Services

Macobs Technologies IPO Reservation

Investor Category Shares Offered
QIB Shares OfferedNot more than 30.00% of the Net offer
Retail Shares Offered35.00% of the Offer
NII (HNI) Shares Offered35.00% of the Offer

Macobs Technologies IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Macobs Technologies IPO Lot Size

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

Macobs Technologies IPO Promoter Holding

Shivam Bhateja, Dushyant Gandotra, and Divya Gandotra are the company's promoters.

Share Holding Pre Issue 65%
Share Holding Post Issue

About Macobs Technologies Limited

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:

  1. Targeting niche markets: By focusing on men's under-the-belt grooming, the company stands out in a market that has largely neglected this area.
  2. E-commerce strategy: Operating exclusively online increases market reach, reduces overheads, and provides operational flexibility.
  3. Innovative product range: Developing specialized products for specific grooming needs meets a particular market demand.
  4. Customer-focused approach: Emphasizing customer needs and preferences as well as active engagement and feedback strengthens customer relationships.
  5. Educational content strategy: Initiatives to educate and change societal views on male grooming help build brand authority and trust.
  6. Sustainability and ethics: The commitment to eco-friendly packaging and sustainable sourcing is in line with the increasing consumer focus on environmental and social responsibility.

The company has 15 full-time employees.

Macobs Technologies Limited Financial Information (Restated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,443.44595.05152.51
Revenue2,074.671,482.81602.30
Profit After Tax221.27204.5038.89
Net Worth720.001.001.00
Reserves and Surplus262.77243.5039.00
Total Borrowing250.14107.3520.84
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Macobs Technologies IPO is Rs 73.46 Cr.

KPI as of March 31, 2024.

KPI Values
ROE36.06%
ROCE30.53%
RoNW22.52%
P/BV5.49
PAT Margin (%)10.73
Pre IPO Post IPO
EPS (Rs) 3.072.26
P/E (x) 24.433.2
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Macobs Technologies IPO Objectives)

The Company proposes to utilize the funds towards funding the following objects and achieve the benefits of listing on the NSE EMERGE Platform:

  1. Customer Acquisition - Marketing & Awareness
  2. Prepayment or repayment of a portion of certain outstanding borrowings availed by the company;
  3. Working Capital Requirements;
  4. General corporate purposes; and
  5. To meet the Issue expenses.

Macobs Technologies IPO Review (May apply)

[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...

Macobs Technologies IPO Prospectus

Macobs Technologies IPO Rating

4
4.3
Rating:Rated 4.3 stars
Vote Here ...

Macobs Technologies Limited Contact Details

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/

Macobs Technologies IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

Macobs Technologies IPO - Buy or Not

Macobs Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 5 1 0

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Macobs Technologies IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Macobs Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Macobs Technologies IPO listing date is not yet announced. The tentative date of Macobs Technologies IPO listing is Wednesday, July 24, 2024.
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