Macobs Technologies IPO price band sets at Rs. 71 to Rs. 75 per equity share with a face value of Rs. 10 each. The IPO is a book-built issue of Rs. 19.46 crores. The issue is entirely fresh issue of up to 25.95 lakh equity shares.
Macobs Technologies IPO subscription starts on Friday, July 12, 2024 and ends on Tuesday, July 16, 2024. The allotment for the Macobs Technologies IPO is expected to be finalized on Friday, July 19, 2024. Macobs Technologies IPO will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Wednesday, July 24, 2024.
The minimum order quantity of the issue is 1,600 equity shares. The minimum amount of investment required for Retail is ₹1,20,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,40,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
SKI Capital Services Limited is book-running lead manager. ICICI Bank Limited is sponsor bank to the IPO. Maashtila Securities Private Limited is registrar to the issue.
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Financials
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 982.77 | 244.50 | 40.00 |
| Revenue | 2,074.67 | 1,428.81 | 602.30 |
| PAT | 221.27 | 204.50 | 38.89 |
| PAT Margin | 10.73% | 13.84% | 6.47% |
| Net Cash Flow | -226.64 | -33.83 | 54.19 |
| Total Borrowings | 250.14 | 107.35 | 20.84 |
Risk Factors
- There are certain pending legal proceedings involving the Company as well as the Promoter and Directors of the Company.
- The company had faced negative cash flow in the past years.
- The company had faced losses in the past.
Object of the issue
- Customer Acquisition – Marketing & Awareness;
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company;
- Working Capital Requirements;
- General Corporate Purpose.
About Macobs Technologies Limited
Founded in 2019, Macobs Technologies is a visionary company dedicated to celebrating and empowering individuals through thoughtful brands. The company was founded by Mr. Dushyant Gandotra with the support of Divya Gandotra and Shivam Bhateja. Dushyant identified a gap in the market for brands specifically addressing the needs of men. This realization led to the launch of Menhood, a pioneering brand in the male grooming and lifestyle sector. Menhood offers a premium range of products tailored for the discerning modern man, reflecting the company’s dedication to providing high-quality solutions.