Mayank Cattle Food Limited
- IPO Date29 Jan, 2024 to 31 Jan, 2024
- Listing Date05 Feb, 2024
- Face Value₹10 per share
- Issue Price₹108 to ₹108 per share
- Lot Size1200 Shares
- Minimum Investment₹1,29,600
- Listing AtBSE SME
- Total Issue Size18,00,000 Shares
(aggregating up to ₹19.44 Cr) - Fresh Issue18,00,000 Shares
(aggregating up to ₹19.44 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue36,00,000
- Shareholding post issue54,00,000
IPO Dates
Closing Date
31 Jan, 2024
Initiation of Refunds
02 Feb, 2024
Listing Date
05 Feb, 2024
29 Jan, 2024
Opening Date
01 Feb, 2024
Basis of Allotment
02 Feb, 2024
Credit of Shares
Mayank Cattle Food Limited Lot Size
Investors can bid for a minimum of 1200 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 (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2400 | ₹2,59,200 |
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
Mayank Cattle Food Limited Promoter Holding
Mr. Bharatkumar Popatlal Vachhani and Mr. Ajay Popatlal Vachhani are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.5% | 65% |
Mayank Cattle Food Limited COMPANY INFORMATION
Mayank Cattle Food IPO is a fixed price issue of Rs 19.44 crores. The issue is entirely a fresh issue of 18 lakh shares. Mayank Cattle Food IPO opens for subscription on January 29, 2024 and closes on January 31, 2024. The allotment for the Mayank Cattle Food IPO is expected to be finalized on Thursday, February 1, 2024. Mayank Cattle Food IPO will list on BSE SME with tentative listing date fixed as Monday, February 5, 2024. Mayank Cattle Food IPO price is ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200. Finshore Management Services Limited is the book running lead manager of the Mayank Cattle Food IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Mayank Cattle Food IPO is Rikhav Securities. Refer to Mayank Cattle Food IPO RHP for detailed information.
Incorporated in 1998, Mayank Cattle Food Limited is an Oil company engaged in the business of manufacturing Cattle Food, Animal Food, Cattle Food Cake and Edible Oil.
The company operates a manufacturing facility equipped with the latest machinery and technology, situated in Rajkot, Gujarat. The facility covers an area of approximately 87,133 sq. ft.
The company currently has a production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. In the financial year 2023-24, the company expanded its installed capacity from 18,126 MT per annum to 22,896 MT per annum for Maize Oil and 36,252 MT per annum to 45,792 MT per annum for Maize Cake. Similarly, in the financial year 2021-22, the company expanded its installed capacity from 14,310 MT per annum to 18,126 MT per annum for Maize Oil and from 28,620 to 36,252 MT per annum for Maize Cake. These expansions aimed to increase the scale of operations and enhance the company's market presence.
Products are supplied to Gujarat, Delhi and Maharashtra by the company.
As of December 31, 2023, the company has 120 employees, out of which 104 are workers.
FAQs About Mayank Cattle Food Limited
Mayank Cattle Food Limited will open on 29 Jan, 2024 and close on 31 Jan, 2024. Investors must apply within this period to participate.
The Mayank Cattle Food Limited price band is set between ₹108.00 and ₹108.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹129600.00.
The Mayank Cattle Food Limited shares are expected to be listed on 05 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Mayank Cattle Food Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Mayank Cattle Food Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.