Macobs Technologies IPO: Read Macobs IPO in Detail

• Macobs Technologies IPO is a book-built issue of Rs 19.46 crores.
• This upcoming IPO bidding opens on July 16 and closes on July 19, 2024.
• Macobs Technologies SME IPO price band is set at Rs 71 to Rs 75 per share.
• The Minimum investment required Rs 1,20,000.

Macobs Technologies IPO: Synopsis

Macobs Technologies IPO is open for subscription starting Tuesday, July 16, 2024, and closing on Friday, July 19, 2024. This upcoming IPO's price is set as Rs 71 to Rs 75 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. 

The minimum investment required for retail category investors is Rs 1,20,000 ( 75 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (75 x 3200 shares). 

Macobs Technologies IPO is a book-built issue of Rs 19.46 crores. This upcoming IPO is an entirely fresh issue of Rs 25.95 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, July 19, 2024. Macobs Technologies IPO will be listed on NSE SME on Tuesday, July 23, 2024. 

SKI Capital Services Limited is the book-running lead manager, and Maashitla Securities Private Limited is the registrar. SKI Capital Services are the market makers for this IPO.

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Macobs Technologies IPO: About the Company 

Macobs Technologies Limited was founded in 2019, offers products for male grooming. They offer specialised trimmers for sensitive areas, hygiene products tailored to male skin, briefs, and a variety of self-care items with their own website. 

Macobs Technologies' competitive strengths are - 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 specialised products for specific grooming needs meets a particular market demand. 

Customer-focused approach - Focusing on 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. 

Macobs Technologies IPO: Objectives

The money will be used for customer acquisition through marketing and awareness expenditures, the Repayment of certain outstanding borrowings of the company, the day-to-day capital requirements of the company, to meet issue expenses, and general corporate purposes.

Macobs Technologies IPO: Other Important Details

Time-Table of Macobs Technologies IPO

Macobs Technologies IPO: Financial Metrics (Amt in Rs Lakhs)

Macobs Technologies posted revenue of Rs 2,074.67 lakhs and net profit of Rs 221.27 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 39.91% and PAT increased by 8.20% between the financial year ending with 31 Mar 2024 and 31 Mar 2023.

Minimum Investment: Lot Size Details 

Promoters of Macobs Technologies Limited and Their Holdings

The promoters of Macobs Technologies company are Shivam Bhateja, Dushyant Gandotra and Divya Gandotra. The promoters shareholdings before IPO is 65% but after the IPO the shareholdings are available.

Macobs Technologies: Strength of Company

1. Macobs offers specialised trimmers for sensitive areas, hygiene products tailored to male skin 

2. Targeting niche markets – By focusing on men's under-the-belt grooming. 

3. Macobs are using e-commerce for sale of their products.

FAQs

1. What are the details of the Macobs Technologies IPO?

Macobs Technologies IPO is a book-built  issue of Rs 19.46 crores. This upcoming IPO is an entirely fresh issue of Rs 25.95 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, July 19, 2024.

2. Who are the lead managers for the Macobs Technologies IPO?

SKI Capital Services Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Maashitla Securities in this IPO?

Maashitla Securities Private Limited is the registrar for Macobs Technologies Limited, handling the IPO's administrative aspects.

4. How can I apply for the Macobs Technologies IPO?

The public subscription of this new IPO will open on July 16, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The money will be used for customer acquisition through marketing and awareness expenditures, the Repayment of certain outstanding borrowings of the company, the day-to-day capital requirements of the company, to meetng issue expenses, and general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Macobs Technologies Limited IPO by visiting here. For further updates follow Bigul. 

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