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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.
The Selling Shareholders will be entitled to the entire proceeds of the Offer.
| 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 Size | 2,328,000 shares (aggregating up to ₹23.74 Cr) |
| Offer for Sale | 2,328,000 shares of ₹10 (aggregating up to ₹23.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| QIB Shares Offered | 1,104,000 (Not more than 50% of the Net Offer) |
| NII (HNI) Shares Offered | 332,400 (Not less than 15% of the Offer) |
| Retail Shares Offered | 775,200 (Not less than 35% of the Offer) |
| Market Maker portion | 116,400 shares (HEM SECURITIES LTD.) |
| Total Shares Offered | 2,328,000 |
| KPI | Values |
|---|---|
| P/E (x) | 15.22 |
| Market Cap (₹ Cr.) | 90.12 |
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 |
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 | |||
Atul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 624.62 | 1,622.16 | 32.97 | 52.55 | 51.55 | 433.12 |
| 31-Mar-21 | 941.75 | 2,733.76 | 158.31 | 310.66 | 309.64 | 350.13 |
| 31-Mar-22 | 2,047.20 | 5,587.07 | 601.27 | 911.93 | 910.91 | 603.26 |
| 30-Sep-22 | 2,598.74 | 3,605.40 | 295.85 | 1,207.78 | 1,206.76 | 938.00 |
| Amount in ₹ Lakhs | ||||||
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 21.60 |
| NII | 659.99 |
| Retail | 268.45 |
| Total | 193.87 |
| Listing Date | Mar 1, 2023 |
| BSE Script Code | 543787 |
| NSE Symbol | |
| ISIN | INE0OLH01013 |
| IPO Price | ₹102 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹102.00 |
| ₹184.00 |
| ₹174.80 |
| ₹184.00 |
| ₹174.80 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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 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
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.
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