Mayank Cattle Food Limited IPO Detail
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.
Company Promoters
Mr. Bharatkumar Popatlal Vachhani and Mr. Ajay Popatlal VachhaniIPO Details
| IPO Opening Date | Jan 29, 2024 |
| IPO Closing Date | Jan 31, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹108 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹19.44 Cr |
| Fresh Issue | ₹19.44 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.46x | 1.10x | 0.78x | |
| Day 2 | - | - | 1.34x | 4.16x | 2.75x | |
| Day 3 | - | - | 5.90x | 11.77x | 8.83x |
IPO Tentative Timetable
The Mayank Cattle Food Limited IPO open date is Jan 29, 2024, and the close date is Jan 31, 2024. The issue may list on Feb 05, 2024.
| IPO Open Date | Jan 29, 2024 |
| IPO Close Date | Jan 31, 2024 |
| Basis of Allotment Date | Feb 01, 2024 |
| Initiation of Refunds | Feb 02, 2024 |
| Credit of Shares to Demat Account | Feb 02, 2024 |
| IPO Listing Date | Feb 05, 2024 |
IPO Lot Size
The Mayank Cattle Food Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹129600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹129600 |
| Maximum | 1 | 1200 | ₹129600 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.50% |
| Post Issue Share Holding | 65.00% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3433.62 | 18652.89 | 71.81 |
| 31-Mar-22 | 4163.85 | 32300.17 | 79.92 |
| 31-Mar-23 | 4893.64 | 30958.14 | 131.43 |
| 31-Jul-23 | 5122.44 | 7527.15 | 57.37 |
Objects of the Issue:
The Objects of the Issue are:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Mayank Cattle Food Limited IPO Registrar:
Cameo Corporate Services Limited
Mayank Cattle Food Limited IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
Mayank Cattle Food Limited
R. S. No. 162, Rajkot Jamnagar Highway
Near Khandheri Stadium, Vill. Naranka, Tal. Paddha
Rajkot, Gujarat, 360110,
