Lamosaic India Limited...
14 Nov 2024
Macobs Technologies Limited IPO
Macobs Technologies operates within the male grooming industry, specializing in the niche area of below-the-belt grooming, and conducts its business exclusively through e-commerce channels. They offer a range of products specifically designed for men’s grooming needs, encompassing tools like specialized trimmers for sensitive areas, hygiene products tailored for male skin and various self-care items. These products are developed with a commitment to innovation, safety, and effectiveness, catering to the unique requirements of their target demographic.
Macobs Technologies IPO is a book-built issue of Rs 19.46 crores. The issue is entirely a fresh issue of 25.95 lakh shares. Macobs Technologies IPO opens for subscription on July 16, 2024 and closes on July 19, 2024. Macobs Technologies IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. SKI Capital Services Limited is the book-running lead manager of the Macobs Technologies IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Macobs Technologies IPO is SKI Capital Services.
Macobs Technologies IPO Overview
| Detail | Description |
|---|---|
| IPO Date | July 16, 2024 to July 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 SKI Capital Services |
Macobs Technologies IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
| 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 |
Macobs Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
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 Promoter Holding
| Share Holding Pre Issue | 65% |
| Share Holding Post Issue |
Macobs Technologies IPO Anchor Investors Details
| Bid Date | July 15, 2024 |
| Shares Offered | 443,200 |
| Anchor Portion Size (In Cr.) | 3.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 20, 2024 |
Company & Financials
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. The company does not have physical stores or a traditional retail presence.
Competitive strengths:
- 1. 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.
- 2. E-commerce strategy: Operating exclusively online increases market reach, reduces overheads and provides operational flexibility.
- 3. Innovative product range: Developing specialized products for specific grooming needs meets a particular market demand.
- 4. Customer-focused approach: Emphasizing customer needs and preferences as well as active engagement and feedback strengthens customer relationships.
- 5. Educational content strategy: Initiatives to educate and change societal views on male grooming help build brand authority and trust.
- 6. 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.
Macobs Technologies Limited Financial Information
| 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 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.06% |
| ROCE | 30.53% |
| RoNW | 22.52% |
| P/BV | 5.49 |
| PAT Margin (%) | 10.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.07 | 2.26 |
| P/E (x) | 24.4 | 33.2 |
Objectives of Macobs Technologies IPO
The Company proposes to utilize the funds towards funding the following objectives and achieve the benefits of listing on the NSE EMERGE Platform:
- 1. Customer Acquisition - Marketing & Awareness.
- 2. Prepayment or repayment of a portion of certain outstanding borrowings availed by the company.
- 3. Working Capital Requirements.
- 4. General corporate purposes.
- 5. To meet the Issue expenses.
Macobs Technologies IPO Review
The company is marketing male grooming products on an e-commerce platform and has succeeded in getting the desired results. The management is confident in improving its performance post-IPO funds availability. It posted growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park funds for the medium to long term.
FAQs for Macobs Technologies IPO
-
What is Macobs Technologies IPO?
Macobs Technologies IPO is an NSE SME IPO. They are going to raise ₹19.46 Crores via IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on NSE.
-
When will Macobs Technologies IPO open?
The IPO is to open on July 16, 2024, for QIB, NII, and Retail Investors.
-
What is Macobs Technologies IPO Investors Portion?
The investors’ portion for QIB is 30%, NII is 35%, and Retail is 35%.
-
What is Macobs Technologies IPO Size?
Macobs Technologies IPO size is ₹19.46 crores.
-
What is Macobs Technologies IPO Price Band?
Macobs Technologies IPO Price Band is ₹71 to ₹75 per equity share.
-
What is Macobs Technologies IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹120,000.
-
What is Macobs Technologies IPO Allotment Date?
Macobs Technologies IPO allotment date is July 22, 2024.
-
What is Macobs Technologies IPO Listing Date?
Macobs Technologies IPO listing date is July 24, 2024. The IPO to list on NSE SME.
RHP:
RHP of Macobs Technologies Limited IPO
DRHP:
DRHP of Macobs Technologies Limited IPO
Anchor Investor Link:
-
What is Macobs Technologies IPO?
Macobs Technologies IPO is an NSE SME IPO. They are going to raise ₹19.46 Crores via IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO is to be listed on NSE.
-
When will Macobs Technologies IPO open?
The IPO is to open on July 16, 2024, for QIB, NII, and Retail Investors.
-
What is Macobs Technologies IPO Investors Portion?
The investors’ portion for QIB is 30%, NII is 35%, and Retail is 35%.
-
What is Macobs Technologies IPO Size?
Macobs Technologies IPO size is ₹19.46 crores.
-
What is Macobs Technologies IPO Price Band?
Macobs Technologies IPO Price Band is ₹71 to ₹75 per equity share.
-
What is Macobs Technologies IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹120,000.
-
What is Macobs Technologies IPO Allotment Date?
Macobs Technologies IPO allotment date is July 22, 2024.
-
What is Macobs Technologies IPO Listing Date?
Macobs Technologies IPO listing date is July 24, 2024. The IPO to list on NSE SME.
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