Bookbuilding IPO | ₹37 Cr | Listed at NSE SME | Mon, Mar 12, 2018 - Wed, Mar 14, 2018
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 12, 2018
IPO Close
Wed, Mar 14, 2018
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹137.31 Cr
| IPO Date | 12 to 14 Mar, 2018 |
| Listed on | Thu, Mar 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹126 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 26,15,000 shares (agg. up to ₹37 Cr) |
| Reserved for Market Maker | 1,53,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 24,62,000 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 24,62,000 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 71,93,000 shares |
| Share Holding Post Issue | 98,08,000 shares |
| NSE Symbol | MACPOWER |
| ISIN | INE155Z01011 |
Macpower CNC Machines IPO comprises a total issue size of 26,15,000 shares. The net offer to the public is 24,62,000 shares, after excluding 1,53,000 shares allotted on a firm basis. Of the Net offer 12,30,000 (49.96%) are allocated to QIB, 3,70,000 (15.03%) allocated to NII 8,62,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,30,000 | 49.96% | 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 | 15.03% | 14.15% |
| Retail Shares Offered | 8,62,000 | 35.01% | 32.96% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,53,000 | 5.85% | |
| Total Shares Offered | 26,15,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Backward Integration Facility | 32.90 |
| 2 | General corporate purposes | 6.48 |
The Macpower CNC Machines IPO is subscribed 3.80 times on March 14, 2018 5:00:00 PM (Day 3). The public issue subscribed 5.07 times in the retail category, [.] times in the QIB category, and 1.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.92 | 12,31,000 | 23,68,000 |
| Retail | 5.07 | 12,31,000 | 62,43,000 |
| Total | 3.80 | 24,62,000 | 93,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 2.40 |
| 2 | Advertising and marketing expenses | 0.08 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Brokerage and selling commission payable to Syndicate | 0.04 |
| 5 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 6 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.04 |
| 7 | Others (listing fees, legal fees, stationery charges, bankers to the offer, auditor's fees etc.) | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹149.00 |
| Low | ₹140.00 |
| High | ₹164.95 |
| Last Trade | ₹162.05 |
Lead Manager Reports
Macpower CNC Machines IPO is a SME IPO of 26,15,000 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Mar 12, 2018, and closes on Wed, Mar 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 Mon, Mar 12, 2018 and closes on Wed, Mar 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 Thu, Mar 22, 2018.
