Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
The initial public offering (IPO) of Macobs Technologies opens for subscription today, July 16, and will close on Friday, July 19. The IPO is priced between ₹71 and ₹75 per equity share and aims to raise ₹19.46 crore through a fresh issue of 25.95 lakh shares.
Investors must bid for a minimum of one lot, or 1,600 shares, which will cost ₹1.20 lakh. The IPO has allocated 30% of shares for qualified institutional buyers (QIBs), 35% for retail investors, and 35% for non-institutional investors.
The proceeds from the IPO will be used for working capital, debt repayment, customer acquisition, and general corporate purposes.
SKI Capital Services Ltd is the lead manager, and Maashilta Securities Pvt Ltd is the registrar for the issue.
Founded in 2019, Macobs Technologies Ltd develops male grooming products, including specialized trimmers and hygiene items, sold through the e-commerce platform Menhood.
Managing Director Dushyant Gandotra stated that the IPO funds will support strategic initiatives such as enhancing their e-commerce platform, accelerating product development, and expanding the customer base. Their goal is to offer superior grooming solutions that boost men's confidence and well-being.
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