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.
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 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 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 |
Macobs Technologies IPO Reservation
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 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 |
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:
- 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.
- E-commerce strategy: Operating exclusively online increases market reach, reduces overheads, and provides operational flexibility.
- Innovative product range: Developing specialized products for specific grooming needs meets a particular market demand.
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 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 |
Key Performance Indicator
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 |
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:
- Customer Acquisition – Marketing & Awareness
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the company;
- Working Capital Requirements;
- General corporate purposes; and
- To meet the Issue expenses.