Macobs Technologies Limited IPO Detail
Macobs Technologies Limited was founded in 2019 and offers products for male grooming.
The company offers specialized trimmers for sensitive areas, hygiene products tailored to male skin, briefs, and a variety of self-care items via its website https://menhood.in/. The company does not have physical stores or a traditional retail presence.
Competitive strengths:
- Targeting niche markets: By focusing on men's under-the-belt grooming, the company stands out in a market that has largely neglected this area.
- E-commerce strategy: Operating exclusively online increases market reach, reduces overheads, and provides operational flexibility.
- Innovative product range: Developing specialized products for specific grooming needs meets a particular market demand.
- Customer-focused approach: Emphasizing customer needs and preferences as well as active engagement and feedback strengthens customer relationships.
- Educational content strategy: Initiatives to educate and change societal views on male grooming help build brand authority and trust.
- Sustainability and ethics: The commitment to eco-friendly packaging and sustainable sourcing is in line with the increasing consumer focus on environmental and social responsibility.
The company has 15 full-time employees.
Company Promoters
Shivam Bhateja, Dushyant Gandotra, and Divya Gandotra are the company's promoters.IPO Details
| IPO Opening Date | Jul 16, 2024 |
| IPO Closing Date | Jul 19, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹19.46 Cr |
| Fresh Issue | 2,595,200 shares (aggregating up to ₹19.46 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 3.06x | 0.00x | 0.00x | 1.47x | 4.31x | 2.91x |
| Day 2 | 3.31x | 0.00x | 0.00x | 4.85x | 18.63x | 10.50x |
| Day 3 | 88.92x | 0.00x | 0.00x | 266.70x | 176.87x | 202.32x |
IPO Tentative Timetable
The Macobs Technologies Limited IPO open date is Jul 16, 2024, and the close date is Jul 19, 2024. The issue may list on Jul 24, 2024.
| IPO Open Date | Jul 16, 2024 |
| IPO Close Date | Jul 19, 2024 |
| Basis of Allotment Date | Jul 22, 2024 |
| Initiation of Refunds | Jul 23, 2024 |
| Credit of Shares to Demat Account | Jul 23, 2024 |
| IPO Listing Date | Jul 24, 2024 |
IPO Lot Size
The Macobs Technologies Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120000 |
| Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 65% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 1443.44 | 2074.67 | 221.27 |
| 31-Mar-23 | 595.05 | 1482.81 | 204.50 |
| 31-Mar-22 | 152.51 | 602.30 | 38.89 |
Objects of the Issue:
The Company proposes to utilize the funds towards funding the following objects and achieve the benefits of listing on the NSE EMERGE Platform:
- Customer Acquisition - Marketing & Awareness
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the company;
- Working Capital Requirements;
- General corporate purposes; and
- To meet the Issue expenses.
Macobs Technologies Limited IPO Registrar:
Maashitla Securities Private Limited
Macobs Technologies Limited IPO Lead Manager(s):
SKI Capital Services Limited
Company Contact Information:
Macobs Technologies Limited
Plot No. A-305, Backside National Handloom Corp. Vaishali Nagar
Jaipur
Jaipur
