Incorporated in 2003, Macpower CNC Machines Ltd is engaged in manufacturing of CNC Turning Centers, Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC and also Multi Tasking, 5-axis along with sub spindle.
Macpower has also offers Robotic Automation integrated with CNC machines. CNC Machining is a process used in the manufacturing sector that involves the use of computers to control machine tools.Company imports various components and parts i.e. Spindle, Ball Screw, Linear Guide ways, Linear Glass Scale, Live Tool Turret, Live Tool Holder, Probe, CNC System from Taiwan, Germany, Japan, Italy etc.
They have catered to over 178 customers with total 213 Machines during the six months ended September 30, 2017 and 236 customers with total 343 Machines in Financial Year 2017 across various sectors like Automobile, Agriculture, Earth Moving Equipment’s, Bearings, General Engineering, Aerospace, Metal, Petroleum, Construction Industries, Defense, PSUs.
Company is promoted by:
1. Rupesh Mehta and
2. Nikesh Mehta
The object of the issue are to:
1. Setting Up Backward Integration Facility;
2. General Corporate Purpose.
»» Issue Open: Mar 12, 2018 - Mar 14, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: 2,615,000 Equity Shares of Rs 10 aggregating up to Rs 36.61 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 126 - Rs 140 Per Equity Share
»» Market Lot: 1000 Shares
»» Minimum Order Quantity: 1000 Shares
»» Listing At: NSE SME
Macpower CNC Machines IPO Subscription Status tells if Macpower CNC Machines IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Macpower CNC Machines IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||1,231,000||1,231,000||153,000||2,615,000|
|Day 1 - Mar 12, 2018 17:00 IST||0||561,000||818,000||-||1,379,000|
|Day 2 - Mar 13, 2018 17:00 IST||0||573,000||185,000||-||2,423,000|
|Day 3 - Mar 14, 2018 17:00 IST||737,000||2,368,000||6,243,000||-||9,348,000|
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