Macfos Limited IPO (Macfos IPO) Detail

Feb 17, 2023 - Feb 21, 2023

Incorporated in 2017, Macfos Limited is primarily an e-commerce company. The company has an e-commerce website and mobile application, Robu.in. The company sell a broad range of electronic items, including robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printer & parts, DIY learning kits, development boards, Raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components.

As on September 30, 2022, Macfos Limited is connected with over +140 overseas and domestic vendors for sourcing electronic items and parts. The company also have a portfolio of 3 owned brands, which are manufactured/procured from third parties.

The company has a fulfilment Centre in Pune, Maharashtra comprising of 7,900 sq. ft. area and third-party logistics services. The company have served over 2 lakh orders placed by over 83,000 consumers on the website, mobile application and directly

In F.Y. 2021-22, the company have served over 2 lakh orders from all the 28 states of India and 6 Union Territories of India.

Some of the esteemed customers which have been served by the company include ONGC, M&M, Hindustan Aeronautics Ltd., Tata Power Solar Systems Ltd., Central Electronics Engineering Research Institute, Pilani, Wipro Enterprises Pvt. Ltd., Bharat Forge Ltd., Tata Communications Ltd., Schneider Electric India Private Limited etc.

Objects of the Issue

The Selling Shareholders will be entitled to the entire proceeds of the Offer.

Macfos IPO Details

IPO Date Feb 17, 2023 to Feb 21, 2023
Listing Date Mar 1, 2023
Face Value ₹10 per share
Price ₹96 to ₹102 per share
Lot Size 1200 Shares
Total Issue Size2,328,000 shares
(aggregating up to ₹23.74 Cr)
Offer for Sale2,328,000 shares of ₹10
(aggregating up to ₹23.74 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME

Macfos IPO Reservation

QIB Shares Offered1,104,000 (Not more than 50% of the Net Offer)
NII (HNI) Shares Offered332,400 (Not less than 15% of the Offer)
Retail Shares Offered775,200 (Not less than 35% of the Offer)
Market Maker portion116,400 shares (HEM SECURITIES LTD.)
Total Shares Offered2,328,000


KPI Values
P/E (x)15.22
Market Cap (₹ Cr.)90.12

Macfos IPO Tentative Timetable

Macfos IPO opens on Feb 17, 2023, and closes on Feb 21, 2023.

Event Tentative Date
Opening Date Feb 17, 2023
Closing Date Feb 21, 2023
Basis of Allotment Feb 24, 2023
Initiation of Refunds Feb 27, 2023
Credit of Shares to Demat Feb 28, 2023
Listing Date Mar 1, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Macfos IPO Lot Size

The Macfos IPO lot size is 1200 shares.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹122,400
Retail (Max) 1 1200 ₹122,400
HNI (Min) 2 2,400 ₹244,800
Lot Size Calculator

Macfos IPO Promoter Holding

Atul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan are the company promoters.

Pre Issue Share Holding 100%
Post Issue Share Holding 73.65%

Company Financials

Macfos Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Macfos IPO Review (May apply)

[Dilip Davda]  The company is a purely third-party product marketer and has no own facilities to manufacture. Though it posted robust growth in the last 18 months’ performance, the sustainability of such margins in the future remains a concern. This being a pure OFS, no fund is going to the company. It has a renowned clientele that holds the key. Well-informed/cash surplus investors may consider parking funds in this fully priced offer. Read detail review...

Macfos IPO Subscription Status (Bidding Detail)

The Macfos IPO is subscribed 193.87 times on Feb 21, 2023 6:57:00 PM. The public issue subscribed 268.45 times in the retail category, 21.60 times in the QIB category, and 659.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Macfos IPO Prospectus

Macfos IPO Rating

Rating:Rated 3.9 stars
Vote Here ...

Macfos IPO Listing Details

Listing Date Mar 1, 2023
BSE Script Code 543787
NSE Symbol
IPO Price ₹102 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

Check IPO Performance…

Company Contact Information

Macfos Limited
S. No. 78/1, Sumant Building,
Dynamic Logistics Trade Park, Dighi,
Bhosari Alandi Road, Pune – 411-015
Phone: +91-022-68197600
Email: cs@robu.in
Website: http://www.robu.in/

Macfos IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Macfos IPO Analysis

Macfos IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 4 1 2

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form

Macfos IPO FAQs

Macfos IPO is a SME IPO of 2,328,000 equity shares of the face value of ₹10 aggregating up to ₹23.74 Crores. The issue is priced at ₹96 to ₹102 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Feb 17, 2023, and closes on Feb 21, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Macfos IPO using UPI as a payment gateway. Zerodha customers can apply in Macfos IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Macfos IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Macfos IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Macfos IPO opens on Feb 17, 2023 and closes on Feb 21, 2023.

Macfos IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Macfos IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Macfos IPO will be done on Feb 24, 2023, and the allotted shares will be credited to your demat account by Feb 28, 2023. Check the Macfos IPO allotment status.

The Macfos IPO listing date is on Mar 1, 2023.
Open an Instant Account with Zerodha

Macfos IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members