IPO Issue Details
Issue Price / Price Band₹75 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size25,95,200 shares (aggregating up to ₹19.46 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 16 Jul 2024
Subscription CloseFri, 19 Jul 2024
Anchor AllotmentMon, 15 Jul 2024
Basis of AllotmentMon, 22 Jul 2024
Initiation of RefundsTue, 23 Jul 2024
Credit of Shares to DematTue, 23 Jul 2024
Listing DateWed, 24 Jul 2024
UPI Mandate Deadline2024-07-19
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 3,200 shares
EPS (Pre-IPO)₹3.07
EPS (Post-IPO)₹2.26
P/E Ratio (Pre-IPO)24.4x
P/E Ratio (Post-IPO)33.2x
Net Offer to Public24,64,000 shares (aggregating up to ₹18.48 Cr)
Reserved for Market Maker1,31,200 shares (aggregating up to ₹0.9840 Cr)
Pre-IPO Promoter Holding72,00,000 shares
Post-IPO Promoter Holding97,95,200 shares
About Macobs Technologies Ltd.
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 https://menhood.in/. The company does not have physical stores or a traditional retail presence.Competitive strengths: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.E-commerce strategy: Operating exclusively online increases market reach, reduces overheads, and provides operational flexibility.Innovative product range: Developing specialized products for specific grooming needs meets a particular market demand.Customer-focused approach: Emphasizing customer needs and preferences as well as active engagement and feedback strengthens customer relationships.Educational content strategy: Initiatives to educate and change societal views on male grooming help build brand authority and trust.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.The company has 15 full-time employees.
Objects of the Issue
Macobs Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
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; and
5
To meet the Issue expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
72,00,000 shares
Post-IPO Promoter Holding
97,95,200 shares