Bookbuilding IPO | ₹24 Cr | Listed at BSE SME | Fri, Feb 17, 2023 - Tue, Feb 21, 2023
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,22,400 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Feb 17, 2023
IPO Close
Tue, Feb 21, 2023
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹90.12 Cr
| IPO Date | 17 to 21 Feb, 2023 |
| Listed on | Wed, Mar 1, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹102 |
| Issue Price | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 23,28,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,16,400 shares Hem Securities Ltd. (agg. up to ₹1 Cr) |
| Offer for Sale | 22,11,600 shares of ₹10 (agg. up to ₹23 Cr) |
| Net Offered to Public | 22,11,600 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 88,35,424 shares |
| Share Holding Post Issue | 88,35,424 shares |
| BSE Script Code | 543787 |
| ISIN | INE0OLH01013 |
Macfos IPO comprises a total issue size of 23,28,000 shares. The net offer to the public is 22,11,600 shares, after excluding 1,16,400 shares allotted on a firm basis. Of the Net offer 11,04,000 (49.92%) are allocated to QIB, 3,32,400 (15.03%) allocated to NII 7,75,200 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 11,04,000 | 49.92% | 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 | 15.03% | 14.28% |
| Retail Shares Offered | 7,75,200 | 35.05% | 33.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,16,400 | 5.00% | |
| Total Shares Offered | 23,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Macfos IPO raises ₹6.73 crore from anchor investors. Macfos IPO Anchor bid date is February 16, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Feb 16, 2023 |
| Shares Offered | 6,60,000 |
| Anchor Portion (₹ Cr.) | 6.73 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 26, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, May 25, 2023 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 25.99 | 20.47 | 9.42 | 6.25 |
| Total Income | 36.05 | 55.87 | 27.34 | 16.22 |
| Profit After Tax | 2.96 | 6.01 | 1.58 | 0.33 |
| NET Worth | 12.08 | 9.12 | 3.11 | 0.53 |
| Reserves and Surplus | 12.07 | 9.11 | 3.10 | 0.52 |
| Total Borrowing | 9.38 | 6.03 | 3.50 | 4.33 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of up to 23,28,000 Equity Shares by the Selling Shareholders in the Offer |
| KPI | |
|---|---|
| ROE | 98.36 |
| ROCE | 39.68 |
| Debt/Equity | 0.66 |
| RoNW | 65.93 |
| PAT Margin | 10.83% |
| EBITDA Margin | 15.73% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.81 | |
| P/E (x) | 15.22 | |
| Promoter Holding | 100% | 73.65% |
| Market Cap | ₹90.12 Cr. |
The Macfos IPO is subscribed 193.87 times on February 21, 2023 6:57:00 PM (Day 3). The public issue subscribed 268.45 times in the retail category, 21.6 times in the QIB category, and 659.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 21.6 | 11,04,000 | 2,38,44,000 |
| NII* | 659.99 | 3,32,400 | 21,93,80,400 |
| Retail | 268.45 | 7,75,200 | 20,81,04,000 |
| Total | 193.87 | 23,28,000 | 45,13,28,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.27 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.08 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Legal Advisors | 0.02 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 3.50 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹102.00 |
| Open | ₹184.00 |
| Low | ₹174.80 |
| High | ₹184.00 |
| Last Trade | ₹174.80 |
Lead Manager Reports
Macfos IPO is a SME IPO of 23,28,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Feb 17, 2023, and closes on Tue, Feb 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 Fri, Feb 17, 2023 and closes on Tue, Feb 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 Tue, Feb 28, 2023. Check the Macfos IPO allotment status.
The Macfos IPO listing date is on Wed, Mar 1, 2023.
