Macobs Technologies IPO: Cutting-Edge Innovations or Investor Risk?

NiftyTrader • July 12, 2024

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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.