Macobs Technologies (IPO) opens on July 16, 2024, and closes on July 19, 2024. The allotment for the Macobs Technologies IPO is anticipated to be completed on Monday, July 22, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Wednesday, July 24, 2024.
The price band for the Macobs Technologies IPO is set at Rs 71 to Rs 75 per share. The IPO is a book-built issue of Rs 19.46 crores, entirely a fresh issue of 25.95 lakh shares.
Macobs Technologies IPO Details
| IPO Date | July 16, 2024 to July 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,595,200 shares (aggregating up to ₹19.46 Cr) |
| Fresh Issue | 2,595,200 shares (aggregating up to ₹19.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 7,200,000 |
| Shareholding post issue | 9,795,200 |
| Market Maker portion | 131,200 shares |
Macobs Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3200 | ₹240,000 |
Macobs Technologies IPO Objectives
The objectives of the Issue are:
- To meet working capital requirements.
- General Corporate Purpose.
- Customer Acquisition – Marketing & Awareness.
- To meet the Issue expenses.
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the company.
About Macobs Technologies Limited
Macobs Technologies Limited, founded in 2019, specializes in products for male grooming. The company offers a diverse range of items specifically designed to meet men’s grooming needs, including specialized trimmers for sensitive areas, hygiene products tailored for male skin, and a variety of self-care items. These products are developed with a strong commitment to innovation, safety, and effectiveness, catering to the unique requirements of their target demographic.
Macobs Technologies does not have physical stores or a traditional retail presence. Instead, it sells its products exclusively through its website, Manhood.
Beyond its product offerings, the company is dedicated to educating and changing societal perceptions about male grooming. It leverages online platforms to create and share content that promotes awareness and fosters open conversations on traditionally taboo topics.
Macobs Technologies Limited Financial Information
Macobs Technologies Limited’s revenue increased by 39.91% and profit after tax (PAT) rose by 8.2% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,443.44 | 595.05 | 152.51 |
| Revenue | 2,074.67 | 1,482.81 | 602.30 |
| Profit After Tax | 221.27 | 204.50 | 38.89 |
| Net Worth | 720.00 | 1.00 | 1.00 |
| Reserves and Surplus | 262.77 | 243.50 | 39.00 |
| Total Borrowing | 250.14 | 107.35 | 20.84 |
Macobs Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 30.00% of the Net offer |
| Retail Shares Offered | 35.00% of the Offer |
| NII (HNI) Shares Offered | 35.00% of the Offer |
Macobs Technologies IPO Timeline
Macobs Technologies IPO opens on July 16, 2024, and closes on July 19, 2024.
| IPO Open Date | Tuesday, July 16, 2024 |
| IPO Close Date | Friday, July 19, 2024 |
| Basis of Allotment | Monday, July 22, 2024 |
| Initiation of Refunds | Tuesday, July 23, 2024 |
| A credit of Shares to Demat | Tuesday, July 23, 2024 |
| Listing Date | Wednesday, July 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 19, 2024 |
Conclusion
The Macobs Technologies IPO, opening on July 16 and closing on July 19, 2024, offers investors a chance to participate in a promising company specializing in male grooming products sold exclusively online. With a price band set at Rs 71-75 per share and a total issue size of Rs 19.46 crore, the IPO aims to raise funds for working capital, corporate expenses, marketing, and debt repayment. The company, known for its innovative and effective grooming solutions, has shown significant financial growth, with a notable increase in revenue and profit. Listing on the NSE SME, the IPO presents an opportunity for investors to support a growing business committed to transforming societal perceptions about male grooming.
