Mayank Cattle Food Limited IPO

29 Jan 2024 - 31 Jan 2024 Individual Category SME IPO NSE

Min Investment

₹259200

Price Band

₹108-₹0

Issue Size

18 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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29 Jan 2024

Open Date

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31 Jan 2024

Close Date

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01 Feb 2024

Allotment Date

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05 Feb 2024

Listing Date

Mayank Cattle Food Limited IPO 2024 is open for subscription from Monday, January 29, 2024 and will close on Wednesday, January 31, 2024. The price is decided at Rs 108 per share. The minimum lot size of this application for the retail category is 1200 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 2400 shares.  The minimum amount of investment required for retail category investors is Rs 1,29,600 (108 x 1200 shares). However for HNI category the minimum investment amount is required Rs 2,59,200 (108 x 2400 shares). Mayank Cattle Limited IPO 2024 is a fixed price issue of Rs 19.44 crores. The issue is entirely a fresh issue of 18 lakh equity shares. The allotment for this IPO is expected to be finalized on Thursday, February 1, 2024. The book running lead manager of Mayank Cattle Food Limited is Finshore Management Services Limited. The registrar for this IPO is Cameo Corporate Services Limited. The market maker for the Mayank Cattle Food Limited IPO is Rikhav Securities.

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About Mayank Cattle Food Limited Ipo

Mayank Cattle Food Limited is an Oil company. It is engaged in the business of manufacturing Animal Food, Cattle Food, Cattle Food Cake and Edible Oil. The business process involves the purchase of Maize Germ, mechanized expelling, packaging and selling of Maize Oil and Maize Cake. The company’s manufacturing unit is equipped with modern machinery and technology which is spread over 87,133 sq.feet. Their manufacturing plant is located in the strategic location that provides easy access to the raw materials and transportation. The factory is located in Rajkot Jamnagar Highway which is a developed area in terms of road, water, electric and internet connectivity etc. Company had a dedicated and skilled workforce. They continuously working to improve the quality of the products and provide satisfaction to their clients.

Founded

1998

Managing Director

Mr.Bharatkumar Popatlal Vachhani

Parent Organization

IPO Objectives

The main purpose of this IPO is to raise funds which will be used to fund the capital expenditure toward the purchase of additional plant and machinery. Other than this, the net proceeds will also be used to meet the working capital requirements. Moreover, the funds will cover the public Issue expenses like Underwriting selling commissions, printing and distribution expenses, Legal Fee, Advertisement expenses, Registrar’s Fee, Depository Fee and Listing Fee. Additionally, the general corporate purpose is also one of the important objectives of the issue.

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
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