Fixed Price IPO | ₹19 Cr | Listed at BSE SME | Mon, Jan 29, 2024 - Wed, Jan 31, 2024
Mayank Cattle Food IPO is a fixed price issue of ₹19.44 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹19.44 crore.
Mayank Cattle Food IPO bidding started from Jan 29, 2024 and ended on Jan 31, 2024. The allotment for Mayank Cattle Food IPO was finalized on Feb 1, 2024. The shares got listed on BSE SME on Feb 5, 2024.
Mayank Cattle Food IPO price is ₹108 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,59,200.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Mayank Cattle Food IPO RHP for detailed Information.
IPO Open
Mon, Jan 29, 2024
IPO Close
Wed, Jan 31, 2024
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹58.32 Cr
| IPO Date | 29 to 31 Jan, 2024 |
| Listed on | Mon, Feb 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 90,000 shares Rikhav Securities Ltd. (agg. up to ₹0.9720 Cr) |
| Fresh Issue (Ex Market Maker) | 17,10,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 17,10,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 36,00,000 shares |
| Share Holding Post Issue | 54,00,000 shares |
| BSE Script Code | 544106 |
| ISIN | INE0R5Z01015 |
Mayank Cattle Food IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,10,000 shares, after excluding 90,000 shares allotted on a firm basis. Of the Net offer 8,54,400 (49.96%) allocated to NII 8,55,600 (50.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,54,400 | 49.96% | 47.47% |
| Retail Shares Offered | 8,55,600 | 50.04% | 47.53% |
| Firm Reservations | |||
| Market Maker Shares Offered | 90,000 | 5.00% | |
| Total Shares Offered | 18,00,000 | 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 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Incorporated in 1998, Mayank Cattle Food Limited is an Oil company engaged in the business of manufacturing Cattle Food, Animal Food, Cattle Food Cake and Edible Oil.
The company operates a manufacturing facility equipped with the latest machinery and technology, situated in Rajkot, Gujarat. The facility covers an area of approximately 87,133 sq. ft.
The company currently has a production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. In the financial year 2023-24, the company expanded its installed capacity from 18,126 MT per annum to 22,896 MT per annum for Maize Oil and 36,252 MT per annum to 45,792 MT per annum for Maize Cake. Similarly, in the financial year 2021-22, the company expanded its installed capacity from 14,310 MT per annum to 18,126 MT per annum for Maize Oil and from 28,620 to 36,252 MT per annum for Maize Cake. These expansions aimed to increase the scale of operations and enhance the company's market presence.
Products are supplied to Gujarat, Delhi and Maharashtra by the company.
As of December 31, 2023, the company has 120 employees, out of which 104 are workers.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 51.22 | 48.94 | 41.64 | 34.34 |
| Total Income | 75.27 | 309.58 | 323.00 | 186.53 |
| Profit After Tax | 0.57 | 1.31 | 0.80 | 0.72 |
| NET Worth | 5.33 | 4.76 | 3.45 | 2.65 |
| Reserves and Surplus | 1.73 | 4.56 | 3.25 | 2.45 |
| Total Borrowing | 37.88 | 39.61 | 31.64 | 25.31 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure toward purchase of additional plant and machinery | 1.84 |
| 2 | Working Capital Requirement | 12.15 |
| 3 | Issue Related Expenses | 1.45 |
| 4 | General Corporate Expenses | 4.00 |
| KPI | |
|---|---|
| ROE | 32% |
| ROCE | 11.27% |
| Debt/Equity | 9.13 |
| RoNW | 27.61% |
| PAT Margin | 0.43% |
| Price to Book Value | 0.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.65 | 3.19 |
| P/E (x) | 29.58 | 33.89 |
| Promoter Holding | 97.50% | 65.00% |
| Market Cap | ₹58.32 Cr. |
The Mayank Cattle Food IPO is subscribed 8.83 times on January 31, 2024 7:02:00 PM (Day 3). The public issue subscribed 11.75 times in the retail category, [.] times in the QIB category, and 5.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.91 | 8,54,400 | 50,47,200 |
| Retail | 11.75 | 8,55,600 | 1,00,53,600 |
| Total | 8.83 | 17,10,000 | 1,51,00,800 |
Total Applications: 9,728
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, Printing and distribution of Issue Stationary | 0.29 |
| 2 | Regulators Including Stock Exchanges | 0.17 |
| 3 | Advertising and Marketing Expenses | 1.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹116.00 |
| Low | ₹116.00 |
| High | ₹121.80 |
| Last Trade | ₹119.95 |
Lead Manager Reports
Mayank Cattle Food IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jan 29, 2024, and closes on Wed, Jan 31, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mayank Cattle Food IPO using UPI as a payment gateway. Zerodha customers can apply in Mayank Cattle Food IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mayank Cattle Food IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mayank Cattle Food IPO opens on Mon, Jan 29, 2024 and closes on Wed, Jan 31, 2024.
Mayank Cattle Food IPO lot size is 1200, and the minimum amount required for application is ₹1,29,600.
You can apply in Mayank Cattle Food 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 Mayank Cattle Food IPO will be done on Thursday, February 1, 2024, and the allotted shares will be credited to your demat account by Fri, Feb 2, 2024. Check the Mayank Cattle Food IPO allotment status.
The Mayank Cattle Food IPO listing date is on Mon, Feb 5, 2024.
