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Macpower CNC Machines IPO is a book build issue of ₹36.61 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹36.61 crore.
Macpower CNC Machines IPO bidding started from Mar 12, 2018 and ended on Mar 14, 2018. The shares got listed on NSE SME on Mar 22, 2018.
Macpower CNC Machines IPO price band is set at ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,26,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Macpower CNC Machines IPO RHP for detailed Information.
| IPO Date | March 12, 2018 to March 14, 2018 |
| Listing Date | March 22, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹126 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,15,000 shares (aggregating up to ₹36.61 Cr) |
| Reserved for Market Maker | 1,53,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹2.14 Cr) |
| Net Offered to Public | 24,62,000 shares (aggregating up to ₹34.47 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 71,93,000 shares |
| Share Holding Post Issue | 98,08,000 shares |
Macpower CNC Machines IPO offers total 26,15,000 shares. Out of which 12,30,000 (47.04%) allocated to QIB, 5,16,000 (19.73%) allocated to QIB (Ex- Anchor), 3,70,000 (14.15%) allocated to NII 8,62,000 (32.96%) allocated to RII and 7,14,000 (27.30%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,53,000 (5.85%) |
| QIB Shares Offered | 12,30,000 (47.04%) |
| − Anchor Investor Shares Offered | 7,14,000 (27.30%) |
| − QIB (Ex. Anchor) Shares Offered | 5,16,000 (19.73%) |
| NII (HNI) Shares Offered | 3,70,000 (14.15%) |
| Retail Shares Offered | 8,62,000 (32.96%) |
| Total Shares Offered | 26,15,000 (100.00%) |
Macpower CNC Machines IPO opens on March 12, 2018, and closes on March 14, 2018.
| IPO Open Date | Mon, Mar 12, 2018 |
| IPO Close Date | Wed, Mar 14, 2018 |
| Tentative Listing Date | Thu, Mar 22, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 14, 2018 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Incorporated in 2003, Macpower CNC Machines Ltd is engaged in manufacturing of CNC Turning Centers, Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC and also Multi Tasking, 5-axis along with sub spindle.
Macpower has also offers Robotic Automation integrated with CNC machines. CNC Machining is a process used in the manufacturing sector that involves the use of computers to control machine tools.Company imports various components and parts i.e. Spindle, Ball Screw, Linear Guide ways, Linear Glass Scale, Live Tool Turret, Live Tool Holder, Probe, CNC System from Taiwan, Germany, Japan, Italy etc.
They have catered to over 178 customers with total 213 Machines during the six months ended September 30, 2017 and 236 customers with total 343 Machines in Financial Year 2017 across various sectors like Automobile, Agriculture, Earth Moving Equipment’s, Bearings, General Engineering, Aerospace, Metal, Petroleum, Construction Industries, Defense, PSUs.
The Company Macpower CNC Machines IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of Backward Integration Facility | 32.90 |
| 2 | General corporate purposes | 6.48 |
[Dilip Davda] <p>Company that has static top line with marginally improving bottom line, but sudden jump in top and bottom line for the first half is really a surprising one (may be cooked up ahead of IPO). Equity is rising from Rs. 0.60 crore to Rs. 9.81 crore and raises concern. Investors may consider investment on their own risk .</p> Read detail review...
| Listing Date | March 22, 2018 |
| BSE Script Code | |
| NSE Symbol | MACPOWER |
| ISIN | INE155Z01011 |
| Final Issue Price | ₹140 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹149.00 |
| Low | ₹140.00 |
| High | ₹164.95 |
| Last Trade | ₹162.05 |
Macpower CNC Machines Ltd.
Plot No. 2234,
Nr. Krnati Gate,
GIDC Metoda Tal Lodhika,
Rajkot, Gujarat, 360007
Phone: +91-02827-287930
Email: info@macpowercnc.com
Website: http://www.macpowercnc.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: info@macpowercnc.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Macpower CNC Machines IPO is a SME IPO of 26,15,000 equity shares of the face value of ₹10 aggregating up to ₹36.61 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on March 12, 2018, and closes on March 14, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Macpower CNC Machines IPO using UPI as a payment gateway. Zerodha customers can apply in Macpower CNC Machines IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Macpower CNC Machines IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Macpower CNC Machines IPO opens on March 12, 2018 and closes on March 14, 2018.
Macpower CNC Machines IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Macpower CNC Machines 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 Macpower CNC Machines IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Macpower CNC Machines IPO allotment status.
The Macpower CNC Machines IPO listing date is on Thursday, March 22, 2018.
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