Macobs Technologies Limited

16 Jul 2024 - 19 Jul 2024 Individual Category SME NSE

Min Investment

₹120000

Price Band

₹71-₹75

Issue Size

21.52 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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16 Jul 2024

Open Date

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19 Jul 2024

Close Date

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22 Jul 2024

Allotment Date

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24 Jul 2024

Listing Date

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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About Macobs Technologies Limited

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. 

Founded

2019

Managing Director

Shivam Bhateja

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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