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Macfos Limited IPO (Macfos IPO) Detail

February 17, 2023 - February 21, 2023

Macfos IPO is a book built issue of Rs 23.74 crores. The issue is entirely an offer for sale of 23.28 lakh shares.

Macfos IPO bidding started from February 17, 2023 and ended on February 21, 2023. The allotment for Macfos IPO was finalized on Friday, February 24, 2023. The shares got listed on BSE SME on March 1, 2023.

Macfos IPO price band is set at ₹96 to ₹102 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹122,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹244,800.

Hem Securities Limited is the book running lead manager of the Macfos IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Macfos IPO is Hem Securities.

Refer to Macfos IPO RHP for detailed information.

Macfos IPO Details

IPO Date February 17, 2023 to February 21, 2023
Listing Date March 1, 2023
Face Value ₹10 per share
Price Band ₹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
Market Maker portion116,400 shares
Hem Securities

Macfos IPO Reservation

Macfos IPO offers 2,444,400 shares. 1,104,000 (45.16%) to QIB, 332,400 (13.60%) to NII, 775,200 (31.71%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered116,400 (4.76%)
QIB Shares Offered1,104,000 (45.16%)
NII (HNI) Shares Offered332,400 (13.60%)
Retail Shares Offered775,200 (31.71%)
Total Shares Offered2,444,400 (100%)

Macfos IPO Timeline (Tentative Schedule)

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

IPO Open Date Friday, February 17, 2023
IPO Close Date Tuesday, February 21, 2023
Basis of Allotment Friday, February 24, 2023
Initiation of Refunds Monday, February 27, 2023
Credit of Shares to Demat Tuesday, February 28, 2023
Listing Date Wednesday, March 1, 2023
Cut-off time for UPI mandate confirmation 5 PM on February 21, 2023

Macfos IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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.

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

About Macfos Limited

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.

Company Financials

Macfos Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20624.621,622.1632.9752.5551.55433.12
31-Mar-21941.752,733.76158.31310.66309.64350.13
31-Mar-222,047.205,587.07601.27911.93910.91603.26
30-Sep-222,598.743,605.40295.851,207.781,206.76938.00
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Macfos IPO is Rs 90.12 Cr.

Pre IPO Post IPO
P/E (x) 15.22

Objects of the Issue (Macfos IPO Objectives)

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

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 February 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)
QIB21.60
NII659.99
Retail268.45
Total193.87

Macfos IPO Prospectus

Macfos IPO Rating

339
3.9
Rating:Rated 3.9 stars
Vote Here ...

Macfos IPO Listing Details

Listing Date March 1, 2023
BSE Script Code 543787
NSE Symbol
ISIN INE0OLH01013
Final Issue Price ₹102 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹102.00
₹184.00
₹174.80
₹184.00
₹174.80

Check IPO Performance…

Macfos Limited Contact Details

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://ipo.bigshareonline.com/ipo_status.html

Macfos IPO - Buy or Not

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

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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 February 17, 2023, and closes on February 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 February 17, 2023 and closes on February 21, 2023.

Macfos IPO lot size is 1200 Shares, and the minimum amount required is ₹122,400.

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 Friday, February 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 28, 2023. Check the Macfos IPO allotment status.

The Macfos IPO listing date is on March 1, 2023.
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Macfos IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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542 Comments

225. Arca |   Link |  Bookmark |March 22, 2023 9:35:47 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
This stock really suprised everyone
224. SJogi |   Link |  Bookmark |March 17, 2023 11:57:23 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
bhot din baad ajj acha movement dikha hai iss share me.
223. Big Ramesh |   Link |  Bookmark |March 15, 2023 1:00:05 PM
Price coming down? I think problem was the 100% OFS by one of the promoter group person. If company has future why one promoter exit fully? Also all ipo money gave to that person! Not even one rupee left for business...
223.1. Sudha |   Link |  Bookmark |March 16, 2023 6:15:01 PM
This is the only negative for this stock at this time. However still promoters hold more than 70%. Promoter cost of acquisition may be very low. They have full rights to encash at some point.
223.2. SJogi |   Link |  Bookmark |March 16, 2023 10:06:35 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Current market sentiment is bearish that's why.
222. SJogi |   Link |  Bookmark |March 9, 2023 10:57:17 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Exited from this stock today in preopening.
221. SJogi |   Link |  Bookmark |March 8, 2023 8:25:47 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
All the current shares of hems are finding it very difficult to bounce back.
Hems ka waqt acha nahi chalra hai 😅.
221.1. SJogi |   Link |  Bookmark |March 14, 2023 10:22:24 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
back to back LC
221.2. JAI JAI GARVI GUJARAT |   Link |  Bookmark |March 14, 2023 11:14:11 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Chaman & earthstahl standing in corner in hope that someone will look at them
220. SJogi |   Link |  Bookmark |March 8, 2023 8:09:30 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
LC.....
220.1. SJogi |   Link |  Bookmark |March 8, 2023 8:13:18 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
But selling pressure is not big,
I think it will break if some big player buy it.
Will sell my 1 lot after that.
219. IPOmentor |   Link |  Bookmark |March 7, 2023 5:13:57 PM
Jitana mile utna lalo ye bhi IPO price tak aa sakta hai
219.1. SJogi |   Link |  Bookmark |March 7, 2023 7:32:04 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
holding 1 lot at 153 .
will hold or sell according to the movement of the share.
218. ओम |   Link |  Bookmark |March 7, 2023 2:42:34 PM
Chaman metallics limited awards order for manufacturing and supply of 1×32 MW steam turbo Generator and its auxiliaries under expansion project.
217. SJogi |   Link |  Bookmark |March 6, 2023 6:49:25 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
2 lakh share bought by multipliers share and advisor.
LC opened
But the concern is that multiplier shares advisor is very short term trader.
Whats your view on this guys?is it good or bad?
I bought 1 lot at LC today.
217.3. SJogi |   Link |  Bookmark |March 8, 2023 10:22:33 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
multiplier shares ne bechna shuru krdiya hai.
217.4. SJogi |   Link |  Bookmark |March 8, 2023 10:22:58 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
48000 shares sold by them.
216. Romy HNI |   Link |  Bookmark |March 6, 2023 2:14:18 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
The stock is at UC but with very low volume....may not sustain the price..

I have sold my stock and put the buy bid at lower circuit price

Let's see
215. SSingh |   Link |  Bookmark |March 6, 2023 11:25:16 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Those who got allotment should EXIT!
Baaki aapki marzi!!!
215.1. Gaurav DD dimer |   Link |  Bookmark |March 7, 2023 11:14:19 AM
IPO Mentor IPO Mentor (1200 Posts, 400+ Likes)
Agreed with you.

It may go further down as multiplier may spoil it soon.
214. Romy HNI |   Link |  Bookmark |March 5, 2023 12:01:30 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Worst listing... Over subscription of 650 times.....
But but... LC continuously since listing... LM should be black listed
214.1. Gaurav DD dimer |   Link |  Bookmark |March 5, 2023 3:15:16 PM
IPO Mentor IPO Mentor (1200 Posts, 400+ Likes)
LM should be black listed 🙄

Don't apply Systango then.

214.2. SJogi |   Link |  Bookmark |March 5, 2023 4:39:30 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Systango is also very risky.
As ipo size is big and high selling pressure will be there.
213. M Vihi |   Link |  Bookmark |March 4, 2023 12:12:57 PM
I have invested for long term on listing day as company p/e was not so much high at 180, it was around 27-28. My p/E valuation expectation for every sector is going high after watching P/E of Adani shares where p/e can be as high as 400 so not my fault
212. Santosh IPO Investor |   Link |  Bookmark |March 3, 2023 12:02:25 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
when LC will open in ROBU
212.5. JIGARGMAIL |   Link |  Bookmark |March 5, 2023 8:59:20 PM
Aayenge Karan Arjun aayenge tab jake lc khulegi
212.6. IPO VALSAD |   Link |  Bookmark |March 6, 2023 9:21:54 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
See... It's open... Hope everyone has sold their lots...
211. hitsur |   Link |  Bookmark |March 3, 2023 10:49:12 AM
HI...
IN MACFOS, IT SHOWS A VOLUME : 37200.

WHAT DOES IT MEAN.. IS IT 37200 SHARES HAS BEEN TRADED???
211.1. Gaurav DD dimer |   Link |  Bookmark |March 3, 2023 11:33:15 AM
IPO Mentor IPO Mentor (1200 Posts, 400+ Likes)
Yes
210. SJogi |   Link |  Bookmark |March 3, 2023 9:35:39 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
What i think is..
This is not HEM's fault.
If you were allotted with the share you should have sold it on the listing only. 80% percent returns is not easy to get but you didn't sell that means you were expecting more which is your fault.
Macfos already listed at very high price.
LC was confirmed.
And people who bought on listing day ignored the valuation as valuation of company was very high at rs180+. You should have waited for the price to come near 135 and then bought it.also it was full ofs that means company is not thinking for long term.
HEM is not responsible for taking the price of the share upwards.
If you genuinely feel that company is good then you should go for long term.
This is my thought please dont take it otherwise. All the best to you guys.
209. IPO LEADER |   Link |  Bookmark |March 3, 2023 9:12:10 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
One more LC, Hem is looting not giving proper exit to investor
209.1. NARESH ZALA |   Link |  Bookmark |March 3, 2023 9:21:05 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Kese beche isko
208. Iposs |   Link |  Bookmark |March 2, 2023 2:51:24 PM
Something fishy in alottment heer. Looking at BOA, there seem to be consideration for odd lots. Ie no alottment consideration for 10, 15, 20, 25 lots etc. Whereas these would be the normal sizes for someone looking to apply.
Am I missing something ?
208.1. ratna ratna |   Link |  Bookmark |March 2, 2023 4:45:25 PM
what is BOA???
208.2. Niranj |   Link |  Bookmark |March 2, 2023 5:35:35 PM
@Iposs
Disclosure in Basis Of Allotment is sample basis only. Whereas in some of the cases, Registrars publish full list also.
207. IPO VALSAD |   Link |  Bookmark |March 1, 2023 7:53:06 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Bulk deal data in mafcos...

Mafcos SHREESURYANARAYANARAJUVEGESNA BUY 102000 @184
207.1. IPO VALSAD |   Link |  Bookmark |March 1, 2023 8:01:12 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
01/03/2023      543787      ROBU      SRISURYANARAYANARAJUVEGESNA      B      102,000      184.00
207.2. IPO VALSAD |   Link |  Bookmark |March 7, 2023 10:37:17 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
06/03/2023      543787      ROBU      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      B      200,400      151.05
06/03/2023      543787      ROBU      SRISURYANARAYANARAJUVEGESNA      S      102,000      151.05
206. ओम |   Link |  Bookmark |March 1, 2023 3:17:16 PM
Chaman metallics limited awards order for manufacturing and supply of air-cooled condenser and it's auxiliaries under expansion project.