Macobs Technologies Limited IPO
- IPO Date16 Jul, 2024 to 19 Jul, 2024
- Listing Date24 Jul, 2024
- Face Value₹10 per share
- Issue Price₹71 to ₹75 per share
- Lot Size1600 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size25,95,200 Shares
(aggregating up to ₹19.46 Cr) - Fresh Issue25,95,200 Shares
(aggregating up to ₹19.46 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue72,00,000
- Shareholding post issue97,95,200
IPO Dates
Closing Date
19 Jul, 2024
Initiation of Refunds
23 Jul, 2024
Listing Date
24 Jul, 2024
16 Jul, 2024
Opening Date
22 Jul, 2024
Basis of Allotment
23 Jul, 2024
Credit of Shares
Macobs Technologies Limited 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 |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| S-HNI (Min) | 2 | 3200 | ₹2,40,000 |
Macobs Technologies Limited Promoter Holding
Shivam Bhateja, Dushyant Gandotra, and Divya Gandotra are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 65% | - |
Macobs Technologies Limited COMPANY INFORMATION
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 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.
- Customer-focused approach: Emphasizing customer needs and preferences as well as active engagement and feedback strengthens customer relationships.
- Educational content strategy: Initiatives to educate and change societal views on male grooming help build brand authority and trust.
- 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 IPO Analysis
Macobs Technologies Limited's Red Herring Prospectus (RHP) provides a comprehensive overview of the company's financials, management, and the proposed Initial Public Offering (IPO). Here's a detailed analysis of the document
Pros
- In-Principle ApprovalThe company has obtained approval from NSE for listing of equity shares on the Emerge Platform, indicating a positive step towards the IPO.
- Agreements with NSDL and CDSLThe agreements for dematerialization of shares with both depositories signify a commitment to transparency and investor convenience.
- Issue StructureThe IPO is being made in terms of Regulation 229 (1) of Chapter IX of SEBI (ICDR) Regulations, 2018, which is favorable for small and medium enterprises.
- Corporate ApprovalsThe board and shareholders have approved the issue, demonstrating a clear path for the IPO.
Cons
- Geopolitical RisksThe company's reliance on importing electronic components from China poses a risk due to geopolitical dynamics between India and China.
- Operational StrategyWhile importing from China ensures high-quality materials, it introduces specific risks associated with international trade.
Important Points
- Investor GrievancesInvestors can contact the Company Secretary and Compliance Officer, Registrar to the Issue, and the Book Running Lead Manager for grievance redressal.
- Issue PriceThe issue price will be determined by the issuer in consultation with the BRLM, based on the book-building process and market demand.
- Promoters’ ContributionThe promoters have agreed to lock in 20% of the post-issue Equity Share Capital, showcasing their commitment to the company's growth.
Utilization of Issue Proceeds
The company plans to utilize the issue proceeds for customer acquisition, marketing, and awareness to drive revenue growth.
Macobs Technologies Limited IPO Analysis Pros, Cons, and Important Points Pros and Cons of Macobs Technologies Limited IPO Macobs Technologies Limited IPO Key Highlights and Analysis Macobs Technologies Limited IPO A Comprehensive Overview
Summary
The RHP of Macobs Technologies Limited provides a detailed insight into the company's financials, management, and the proposed IPO. While the company has secured necessary approvals and agreements, there are geopolitical and operational risks that investors should consider. The utilization of issue proceeds is focused on customer acquisition and marketing, aiming to drive revenue growth.
This analysis aims to provide a clear understanding of the key aspects of Macobs Technologies Limited's IPO, enabling potential investors to make informed decisions.
FAQs About Macobs Technologies Limited Ipo
Macobs Technologies Limited IPO will open on 16 Jul, 2024 and close on 19 Jul, 2024. Investors must apply within this period to participate.
The Macobs Technologies Limited IPO price band is set between ₹71.00 and ₹75.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹120000.00.
The Macobs Technologies Limited IPO shares are expected to be listed on 24 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Macobs Technologies Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Macobs Technologies Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.