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Macpower CNC Machines IPO is a book built issue of Rs 36.61 crores.
Macpower CNC Machines IPO bidding started from March 12, 2018 and ended on March 14, 2018. The shares got listed on NSE SME on March 22, 2018.
Macpower CNC Machines IPO price band is set at ₹126 to ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Macpower CNC Machines IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Macpower CNC Machines IPO RHP for detailed information.
| IPO Date | March 12, 2018 to March 14, 2018 |
| Listing Date | March 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹126 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,615,000 shares (aggregating up to ₹36.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 153,000 shares |
Macpower CNC Machines IPO offers 2,768,000 shares. 1,231,000 (44.47%) to NII, 1,231,000 (44.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 153,000 (5.53%) |
| NII (HNI) Shares Offered | 1,231,000 (44.47%) |
| Retail Shares Offered | 1,231,000 (44.47%) | Other Shares Offered | 153,000 (5.53%) |
| Total Shares Offered | 2,768,000 (100%) |
Investors can bid for a minimum of 1000 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 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| Lot Size Calculator | |||
Incorporated in 2003, Macpower CNC Machines Ltd is engaged in manufacturing of CNC Turning Centers, Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC and also Multi Tasking, 5-axis along with sub spindle.
Macpower has also offers Robotic Automation integrated with CNC machines. CNC Machining is a process used in the manufacturing sector that involves the use of computers to control machine tools.Company imports various components and parts i.e. Spindle, Ball Screw, Linear Guide ways, Linear Glass Scale, Live Tool Turret, Live Tool Holder, Probe, CNC System from Taiwan, Germany, Japan, Italy etc.
They have catered to over 178 customers with total 213 Machines during the six months ended September 30, 2017 and 236 customers with total 343 Machines in Financial Year 2017 across various sectors like Automobile, Agriculture, Earth Moving Equipment�s, Bearings, General Engineering, Aerospace, Metal, Petroleum, Construction Industries, Defense, PSUs.
The object of the issue are to:
1. Setting Up Backward Integration Facility;
2. General Corporate Purpose.
[Dilip Davda]
Company that has static top line with marginally improving bottom line, but sudden jump in top and bottom line for the first half is really a surprising one (may be cooked up ahead of IPO). Equity is rising from Rs. 0.60 crore to Rs. 9.81 crore and raises concern. Investors may consider investment on their own risk .
Read detail review...The Macpower CNC Machines IPO is subscribed 3.80 times on March 14, 2018 5:00:00 PM. The public issue subscribed 5.07 times in the retail category, times in the QIB category, and 1.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.92 |
| Retail | 5.07 |
| Total | 3.80 |
| Listing Date | March 22, 2018 |
| BSE Script Code | |
| NSE Symbol | MACPOWER |
| ISIN | INE155Z01011 |
| Final Issue Price | ₹140 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹140.00 |
| ₹149.00 |
| ₹140.00 |
| ₹164.95 |
| ₹162.05 |
Macpower CNC Machines Ltd
Plot No. 2234 Nr. Krnati Gate,
GIDC Metoda Tal Lodhika,
Rajkot - 360007
Phone: +91-02827-287930
Email: info@macpowercnc.com
Website: http://www.macpowercnc.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: info@macpowercnc.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Macpower CNC Machines IPO is a SME IPO of 2,615,000 equity shares of the face value of ₹10 aggregating up to ₹36.61 Crores. The issue is priced at ₹126 to ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opens on March 12, 2018, and closes on March 14, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Macpower CNC Machines IPO opens on March 12, 2018 and closes on March 14, 2018.
Macpower CNC Machines IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.
You can apply in Macpower CNC Machines 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 Macpower CNC Machines IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Macpower CNC Machines IPO allotment status.
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