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Macobs Technologies IPO Details

Bookbuilding IPO | ₹19 Cr | Listed at NSE SME | Tue, Jul 16, 2024 - Fri, Jul 19, 2024

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Macobs Technologies IPO Logo

Macobs Technologies IPO is a book build issue of ₹19.46 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹19.46 crore.

Macobs Technologies IPO bidding started from Jul 16, 2024 and ended on Jul 19, 2024. The allotment for Macobs Technologies IPO was finalized on Jul 22, 2024. The shares got listed on NSE SME on Jul 24, 2024.

Macobs Technologies IPO price band is set at ₹75 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.

SKI Capital Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SKI Capital Services Ltd..

Refer to Macobs Technologies IPO RHP for detailed Information.

IPO Open

Tue, Jul 16, 2024

IPO Close

Fri, Jul 19, 2024

Issue Price

₹75 per share

Market Cap (Pre-IPO)

₹73.46 Cr

IPO Details

IPO Date16 to 19 Jul, 2024
Listed onWed, Jul 24, 2024
Face Value₹10 per share
Price Band₹71 to ₹75
Issue Price₹75 per share
Lot Size1,600 Shares
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtNSE SME

Total Issue Size25,95,200 shares
(agg. up to ₹19 Cr)
Reserved for Market Maker
1,31,200 shares
(agg. up to ₹0.9840 Cr)
SKI Capital Services Ltd.
Fresh Issue
(Ex Market Maker)		24,64,000 shares
(agg. up to ₹18 Cr)
Net Offered to Public24,64,000 shares
(agg. up to ₹18 Cr)
Share Holding Pre Issue72,00,000 shares
Share Holding Post Issue97,95,200 shares
NSE Symbol MACOBSTECH
ISININE0R0J01010

IPO Timetable

IPOs Timetable

Issue Reservation

Macobs Technologies IPO comprises a total issue size of 25,95,200 shares. The net offer to the public is 24,64,000 shares, after excluding 1,31,200 shares allotted on a firm basis. Of the Net offer 7,39,200 (30.00%) are allocated to QIB, 8,62,400 (35.00%) allocated to NII 8,62,400 (35.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 7,39,20030.00%28.48%
  − Anchor Investor Shares Offered 4,43,20017.08%
  − QIB (Ex. Anchor) Shares Offered 2,96,00011.41%
NII (HNI) Shares Offered 8,62,40035.00%33.23%
Retail Shares Offered 8,62,40035.00%33.23%
Firm Reservations
Market Maker Shares Offered 1,31,2005.06%
Total Shares Offered 25,95,200100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 1,600 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 1,600 ₹1,20,000
Retail (Max) 1 1,600 ₹1,20,000
HNI (Min) 2 3,200 ₹2,40,000
IPO Subscription Details

IPO Anchor Investors

Macobs Technologies IPO raises ₹3.32 crore from anchor investors. Macobs Technologies IPO Anchor bid date is July 15, 2024.
📝 Anchor Investors Letter (PDF)

Bid DateMon, Jul 15, 2024
Shares Offered4,43,200
Anchor Portion (₹ Cr.)3.32
Anchor lock-in period end date for 50% shares (30 Days)Wed, Aug 21, 2024
Anchor lock-in period end date for remaining shares (90 Days)Sun, Oct 20, 2024
IPO Anchor Investors List

About Macobs Technologies Ltd.

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:

  1. 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.
  2. E-commerce strategy: Operating exclusively online increases market reach, reduces overheads, and provides operational flexibility.
  3. Innovative product range: Developing specialized products for specific grooming needs meets a particular market demand.
  4. Customer-focused approach: Emphasizing customer needs and preferences as well as active engagement and feedback strengthens customer relationships.
  5. Educational content strategy: Initiatives to educate and change societal views on male grooming help build brand authority and trust.
  6. 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.

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets14.435.951.53
Total Income20.7514.836.02
Profit After Tax2.212.050.39
NET Worth7.200.010.01
Reserves and Surplus2.632.440.39
Total Borrowing2.501.070.21
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Customer Acquisition - Marketing & Awareness 2.00
2 Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company; 1.50
3 Working Capital Requirements 12.00
4 General corporate purposes; and 2.57

Key Performance Indicator (KPI)

KPIMar 31, 2024
ROE36.06%
ROCE30.53%
RoNW22.52%
PAT Margin10.73%
Price to Book Value5.49
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (₹)3.072.26
P/E (x)24.433.2
Promoter Holding65%47.78%
Market Cap₹73.46 Cr.
Shivam Bhateja, Dushyant Gandotra, and Divya Gandotra are the company's promoters.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 available in RHP.

IPO Review

[Dilip Davda]
The company is marketing the male grooming products on e-commerce platform and has succeeded in getting the desired results. The management is confident on improving its performance post IPO funds availability. It posted growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park funds for the medium to long term.
Read detail review...

Macobs Technologies IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0100
Members4010

Macobs Technologies IPO Subscription Status (Bidding Detail)

The Macobs Technologies IPO is subscribed 202.32 times on July 19, 2024 6:19:59 PM (Day 3). The public issue subscribed 176.87 times in the retail category, 88.92 times in the QIB category, and 266.7 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid for
QIB88.922,96,0002,63,20,000
NII*266.78,62,40023,00,00,000
Retail176.878,62,40015,25,34,400
Total202.3220,20,80040,88,54,400

Total Application : 95,334

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Lead manager(s) fees including underwriting commission, advisors and other experts. 1.00
2 Brokerage, selling commission and upload fees. 0.03
3 Registrars to the Issue 0.04
4 Legal Advisors 0.01
5 Peer Review Auditor 0.03
6 Advertising and marketing expenses 0.17
7 Regulators including stock exchanges 0.04
8 Printing and distribution of issue stationary 0.02
9 Others, if any include Bankers to the Issue, Depository, certifications, miscellaneous, etc. 0.07

Listing Day Trading Information

Price DetailsNSE SME
Final Issue Price₹75.00
Open₹96.00
Low₹96.00
High₹100.80
Last Trade₹100.80

Check IPO Performance…

IPO Registrar

Maashitla Securities Pvt.Ltd.

Contact Details

Macobs Technologies Ltd. Address
Plot No. A-305,
Backside National Handloom Corp.
Vaishali Nagar,
Jaipur, Rajasthan, 302021
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IPO FAQs

Macobs Technologies IPO is a SME IPO of 25,95,200 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.

The IPO opens on Tue, Jul 16, 2024, and closes on Fri, Jul 19, 2024.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Macobs Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Macobs Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Macobs Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Macobs Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Macobs Technologies IPO opens on Tue, Jul 16, 2024 and closes on Fri, Jul 19, 2024.

Macobs Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.

You can apply in Macobs Technologies 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 Macobs Technologies IPO will be done on Monday, July 22, 2024, and the allotted shares will be credited to your demat account by Tue, Jul 23, 2024. Check the Macobs Technologies IPO allotment status.

The Macobs Technologies IPO listing date is on Wed, Jul 24, 2024.

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