Macfos Limited IPO Detail
Incorporated in 2017, Macfos Limited is primarily an e-commerce company. The company has an e-commerce website and mobile application, Robu.in. The company sell a broad range of electronic items, including robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printer & parts, DIY learning kits, development boards, Raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components.
As on September 30, 2022, Macfos Limited is connected with over +140 overseas and domestic vendors for sourcing electronic items and parts. The company also have a portfolio of 3 owned brands, which are manufactured/procured from third parties.
The company has a fulfilment Centre in Pune, Maharashtra comprising of 7,900 sq. ft. area and third-party logistics services. The company have served over 2 lakh orders placed by over 83,000 consumers on the website, mobile application and directly
In F.Y. 2021-22, the company have served over 2 lakh orders from all the 28 states of India and 6 Union Territories of India.
Some of the esteemed customers which have been served by the company include ONGC, M&M, Hindustan Aeronautics Ltd., Tata Power Solar Systems Ltd., Central Electronics Engineering Research Institute, Pilani, Wipro Enterprises Pvt. Ltd., Bharat Forge Ltd., Tata Communications Ltd., Schneider Electric India Private Limited etc.
Company Promoters
Atul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan are the company promoters.IPO Details
| IPO Opening Date | Feb 17, 2023 |
| IPO Closing Date | Feb 21, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹96 - 102 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹23.74 Cr |
| Fresh Issue | - |
| Offer for Sale | 2,328,000 shares of ₹10 (aggregating up to ₹23.74 Cr) |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | - | - | 5.94x | 18.52x | 7.02x |
| Day 2 | 2.60x | - | - | 55.49x | 93.42x | 40.26x |
| Day 3 | 21.60x | - | - | 659.99x | 268.45x | 193.87x |
IPO Tentative Timetable
The Macfos Limited IPO open date is Feb 17, 2023, and the close date is Feb 21, 2023. The issue may list on Mar 01, 2023.
| IPO Open Date | Feb 17, 2023 |
| IPO Close Date | Feb 21, 2023 |
| Basis of Allotment Date | Feb 24, 2023 |
| Initiation of Refunds | Feb 27, 2023 |
| Credit of Shares to Demat Account | Feb 28, 2023 |
| IPO Listing Date | Mar 01, 2023 |
IPO Lot Size
The Macfos Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹122400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹122400 |
| Maximum | 1 | 1200 | ₹122400 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 941.75 | 2733.76 | 158.31 |
| 31-Mar-22 | 2047.20 | 5587.07 | 601.27 |
| 30-Sep-22 | 2598.74 | 3605.40 | 295.85 |
Objects of the Issue:
The Selling Shareholders will be entitled to the entire proceeds of the Offer.
Macfos Limited IPO Registrar:
Bigshare Services Pvt Ltd
Macfos Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Macfos Limited
S. No. 78/1, Sumant Building, Dynamic Logistics Trade Park, Dighi, Bhosari Alandi Road
Pune
Maharashtra
