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Macfos IPO is a book build issue of ₹23.75 crores. The issue is entirely an offer for sale of 0.23 crore shares of ₹23.75 crore.
Macfos IPO bidding started from Feb 17, 2023 and ended on Feb 21, 2023. The allotment for Macfos IPO was finalized on Feb 24, 2023. The shares got listed on BSE SME on Mar 1, 2023.
Macfos IPO price band is set at ₹102.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,15,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,44,800.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Macfos IPO RHP for detailed Information.
| IPO Date | February 17, 2023 to February 21, 2023 |
| Listing Date | March 1, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹96 to ₹102 per share |
| Issue Price Final | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 23,28,000 shares (aggregating up to ₹23.75 Cr) |
| Reserved for Market Maker | 1,16,400 shares Hem Securities Ltd. (aggregating up to ₹1.19 Cr) |
| Net Offered to Public | 22,11,600 shares (aggregating up to ₹22.56 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 88,35,424 shares |
| Share Holding Post Issue | 88,35,424 shares |
Macfos IPO offers total 23,28,000 shares. Out of which 11,04,000 (47.42%) allocated to QIB, 4,44,000 (19.07%) allocated to QIB, 3,32,400 (14.28%) allocated to NII, 7,75,200 (33.30%) allocated to RII and 6,60,000 (28.35%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,16,400 (5.00%) |
| QIB Shares Offered | 11,04,000 (47.42%) |
| − Anchor Investor Shares Offered | 6,60,000 (28.35%) |
| − QIB (Ex. Anchor) Shares Offered | 4,44,000 (19.07%) |
| NII (HNI) Shares Offered | 3,32,400 (14.28%) |
| Retail Shares Offered | 7,75,200 (33.30%) |
| Total Shares Offered | 23,28,000 (100.00%) |
Macfos IPO raises ₹6.73 crore from anchor investors. Macfos IPO Anchor bid date is February 16, 2023. Macfos IPO Anchor Investors list
| Bid Date | February 16, 2023 |
| Shares Offered | 6,60,000 |
| Anchor Portion Size (In Cr.) | 6.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 26, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 25, 2023 |
Macfos IPO opens on February 17, 2023, and closes on February 21, 2023.
| IPO Open Date | Fri, Feb 17, 2023 |
| IPO Close Date | Tue, Feb 21, 2023 |
| Tentative Allotment | Fri, Feb 24, 2023 |
| Initiation of Refunds | Mon, Feb 27, 2023 |
| Credit of Shares to Demat | Tue, Feb 28, 2023 |
| Tentative Listing Date | Wed, Mar 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 21, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,22,400 |
| Retail (Max) | 1 | 1,200 | ₹1,22,400 |
| HNI (Min) | 2 | 2,400 | ₹2,44,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2017, Macfos Limited is primarily an e-commerce company. The company has an e-commerce website and mobile application, Robu.in. The company sell a broad range of electronic items, including robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printer & parts, DIY learning kits, development boards, Raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components.
As on September 30, 2022, Macfos Limited is connected with over +140 overseas and domestic vendors for sourcing electronic items and parts. The company also have a portfolio of 3 owned brands, which are manufactured/procured from third parties.
The company has a fulfilment Centre in Pune, Maharashtra comprising of 7,900 sq. ft. area and third-party logistics services. The company have served over 2 lakh orders placed by over 83,000 consumers on the website, mobile application and directly
In F.Y. 2021-22, the company have served over 2 lakh orders from all the 28 states of India and 6 Union Territories of India.
Some of the esteemed customers which have been served by the company include ONGC, M&M, Hindustan Aeronautics Ltd., Tata Power Solar Systems Ltd., Central Electronics Engineering Research Institute, Pilani, Wipro Enterprises Pvt. Ltd., Bharat Forge Ltd., Tata Communications Ltd., Schneider Electric India Private Limited etc.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 624.62 | 1,622.16 | 32.97 | 52.55 | 51.55 | 433.12 |
| 31-Mar-21 | 941.75 | 2,733.76 | 158.31 | 310.66 | 309.64 | 350.13 |
| 31-Mar-22 | 2,047.20 | 5,587.07 | 601.27 | 911.93 | 910.91 | 603.26 |
| 30-Sep-22 | 2,598.74 | 3,605.40 | 295.85 | 1,207.78 | 1,206.76 | 938.00 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Macfos IPO is ₹90.12 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.22 |
The Selling Shareholders will be entitled to the entire proceeds of the Offer.
[Dilip Davda] The company is a purely third-party product marketer and has no own facilities to manufacture. Though it posted robust growth in the last 18 months’ performance, the sustainability of such margins in the future remains a concern. This being a pure OFS, no fund is going to the company. It has a renowned clientele that holds the key. Well-informed/cash surplus investors may consider parking funds in this fully priced offer. Read detail review...
| Listing Date | March 1, 2023 |
| BSE Script Code | 543787 |
| NSE Symbol | |
| ISIN | INE0OLH01013 |
| Final Issue Price | ₹102 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹184.00 |
| Low | ₹174.80 |
| High | ₹184.00 |
| Last Trade | ₹174.80 |
Macfos Ltd.
S. No. 78/1, Sumant Building,
Dynamic Logistics Trade Park, Dighi,
Bhosari Alandi Road, Pune – 411-015
Alandi, Maharashtra
Phone: +91-022-68197600
Email: cs@robu.in
Website: http://www.robu.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Macfos IPO is a SME IPO of 23,28,000 equity shares of the face value of ₹10 aggregating up to ₹23.75 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on February 17, 2023, and closes on February 21, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Macfos IPO using UPI as a payment gateway. Zerodha customers can apply in Macfos IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Macfos IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Macfos IPO opens on February 17, 2023 and closes on February 21, 2023.
Macfos IPO lot size is 1200, and the minimum amount required for application is ₹1,22,400.
You can apply in Macfos IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Macfos IPO will be done on Friday, February 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 28, 2023. Check the Macfos IPO allotment status.
The Macfos IPO listing date is on Wednesday, March 1, 2023.
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