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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 ₹108.00 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). The minimum lot size investment for 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 Date | January 29, 2024 to January 31, 2024 |
| Listing Date | February 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹19.44 Cr) |
| Reserved for Market Maker | 90,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.9720 Cr) |
| Net Offered to Public | 17,10,000 shares (aggregating up to ₹18.47 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,00,000 shares |
| Share Holding Post Issue | 54,00,000 shares |
Mayank Cattle Food IPO offers total 18,00,000 shares. Out of which 8,54,400 (47.47%) allocated to NII, 8,55,600 (47.53%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 90,000 (5.00%) |
| NII (HNI) Shares Offered | 8,54,400 (47.47%) |
| Retail Shares Offered | 8,55,600 (47.53%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Mayank Cattle Food IPO opens on January 29, 2024, and closes on January 31, 2024.
| IPO Open Date | Mon, Jan 29, 2024 |
| IPO Close Date | Wed, Jan 31, 2024 |
| Tentative Allotment | Thu, Feb 1, 2024 |
| Initiation of Refunds | Fri, Feb 2, 2024 |
| Credit of Shares to Demat | Fri, Feb 2, 2024 |
| Tentative Listing Date | Mon, Feb 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 31, 2024 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,122.44 | 4,893.64 | 4,163.85 | 3,433.62 |
| Total Income | 7,527.15 | 30,958.14 | 32,300.17 | 18,652.89 |
| Profit After Tax | 57.37 | 131.43 | 79.92 | 71.81 |
| Net Worth | 533.37 | 475.99 | 344.56 | 264.63 |
| Reserves and Surplus | 173.37 | 455.99 | 324.56 | 244.63 |
| Total Borrowing | 3,788.35 | 3,961.00 | 3,163.53 | 2,531.49 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Mayank Cattle Food IPO is ₹58.32 Cr.
| KPI | Values |
|---|---|
| ROE | 32% |
| ROCE | 11.27% |
| Debt/Equity | 9.13 |
| RoNW | 27.61% |
| Price to Book Value | 0.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.65 | 3.19 |
| P/E (x) | 29.58 | 33.89 |
The Objects of the Issue are:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has posted inconsistency in top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears aggressively priced. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | February 5, 2024 |
| BSE Script Code | 544106 |
| NSE Symbol | |
| ISIN | INE0R5Z01015 |
| Final Issue Price | ₹108 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹116.00 |
| Low | ₹116.00 |
| High | ₹121.80 |
| Last Trade | ₹119.95 |
Mayank Cattle Food Ltd.
R. S. No. 162, Rajkot Jamnagar Highway
Near Khandheri Stadium, Vill. Naranka, Tal. Paddha
Rajkot, Gujarat, 360110,
Rajkot, Gujarat
Phone: +91 90333 33123
Email: cs@mayankcattlefood.com
Website: https://www.mayankcattlefood.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Mayank Cattle Food IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹19.44 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on January 29, 2024, and closes on January 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 January 29, 2024 and closes on January 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 Friday, February 2, 2024. Check the Mayank Cattle Food IPO allotment status.
The Mayank Cattle Food IPO listing date is on Monday, February 5, 2024.
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