Macfos IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 21, 2023Let’s have a detailed review of the company and analytics of the Macfos IPO release date, IPO offer price, subscription, Macfos Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 96 to Rs 102 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Mar 1, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,375 Lakh |
| Tick Size | 1 |
Macfos IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Macfos Share Price |
Macfos IPO – Summary
Driven by the motto, “Your Ideas, Their Parts”, they are primarily an e-commerce based Company focused on the marketing of a broad range of electronic components which finds application in basic and advanced engineering products & projects, including emerging technologies such as IoT, Robotics, Automations, Drone, Electric Vehicles, 3D Printing and Auto Guided Vehicles.
Their broad portfolio consists of over +12,000 SKU’s of electronics components and parts that facilitate consumers such as manufacturers, electrical & mechanical engineering students, educational institutions, researchers and developers, to turn their ideas into reality as well as to speed up their product R&D and prototyping cycle.
The Promoter of this company is Mr. Atul Maruti Dumbre, Binod Prasad, Nileshkumar Purshottam Chavhan. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Macfos IPO Date
The opening and closing dates of Macfos IPO are Feb 17, 2023 and Feb 21, 2023 respectively.
Macfos IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 17th Feb | 0.01x | 5.94x | 18.52x | 7.02x |
| 2nd Day – 20th Feb | 2.60x | 55.49x | 93.42x | 40.26x |
| 3rd Day – 21st Feb | 21.60x | 659.99x | 268.45x | 193.87x |
| Shares Offered or Net Issue | 1,104,000 | 332,400 | 775,200 | 2,328,000 |
The shares subscribed by the public will be updated here.
Macfos IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Macfos Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 24, 2023 |
| Refunds Initiation | Feb 27, 2023 |
| Credit of Shares to Demat Account | Feb 28, 2023 |
| Share Listing Date | Mar 1, 2023 |
Macfos IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 96 to Rs 102
Macfos IPO Equity Size
This Initial Public Issue of 2,328,000 Equity Shares of Rs.10 each for cash at a price of Rs 96 to Rs 102 per equity share aggregating to Rs.2,375 Lakh.
Macfos IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,328,000 Equity Shares of Rs.10/ each.
Issue Size: 2,328,000 Equity Shares of Rs.10 each, aggregating to Rs.2,375 Lakh
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Macfos IPO – Live Performance
The listing date of this IPO is Mar 1, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Macfos Share Price |
Macfos IPO Grey Market Premium
The Macfos Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Macfos IPO – Company Overview
Through their e-commerce website and mobile application, Robu.in, they 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.
Their sustainable growth in business has been achieved through their founders-led management team with relevant educational qualifications and complementary skill sets.
Their founders have been the driving force in developing and growing their business. Their understanding of the consumer difficulty, intuitive entrepreneurship and involvement in key aspects of their business has helped accelerate and drive their profitable growth.
Their existing promoters are complemented by a professional management team which shares the same vision and values as theirs to drive their growth.
Macfos IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,598.74 | 2,047.20 | 941.75 | 624.62 |
| *Total Revenue | 3,605.40 | 5,587.07 | 2,733.76 1 | 1,622.16 |
| Total Expense | 3,206.78 | 4,782.23 | 2,521.89 | 1,580.54 |
| Profit After Tax | 295.85 | 601.27 | 158.31 | 32.97 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 3.35 | 6.81 | 1.82 | 0.38 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 295.85 Lakh, Rs. 601.27 Lakh, Rs. 158.31 Lakh and Rs. 32.97 Lakh respectively.
Macfos IPO – Promoters
The Promoter of this company is:
- Atul Maruti Dumbre,
- Binod Prasad,
- Nileshkumar Purshottam Chavhan
List of Related Parties (Key Managerial Personnel)
- Atul Maruti Dumbre, Chairman & Managing Director
- Binod Prasad, Whole-time Director & CFO
- Nileshkumar Purshottam Chavhan, Whole Time Director
- Ankit Rathi, Independent Director
Macfos IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post Issue Share Holding – 73.65%
Macfos IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 23,28,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,16,400 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 22,11,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 7,75,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,32,400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 88,35,424 Equity Shares |
| Equity Shares outstanding after the Issue | 88,35,424 Equity Shares |
Macfos IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Macfos IPO – Business Strategy
- Continue to acquire new consumers and widen consumer base
- Continue to grow platform by offering new products and services
- Deepen and broaden their vendor relationships
- Focus on human resource development
Macfos IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Extensive and diverse portfolio of electronic items and parts along with content rich platform
- Strong, diverse and growing customer base
- Scalable and reliable technology platform
- Experienced Promoters with strong management team having domain knowledge
- Consistent track record of profitable growth and strong financial performance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 6.81 | 65.93 | 10.32 |
| 31-Mar-21 | 1.82 | 50.96 | 3.56 |
| Mar-20 | 0.38 | 62.74 | 0.60 |
Macfos IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Macfos Limited | 10 | [●] | 6.81 | 65.93 | 5,587.07 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Macfos IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, SenapatiBapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person :Mr. Akun Goyal SEBI Regn. No. INM000010981 |
Macfos IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Contact Person: Mr. Babu Raphel SEBI Regn. No.: INR000001385 |
Macfos IPO – Other Details
- Statutory Auditor – M/s. Kishor Gujar & Associates
- Legal Counsel to the Company – MINDSPRIGHT LEGAL
- Bankers to the Company – ICICI Bank Limited
Macfos IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Macfos Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Macfos IPO Review FAQs
Check out various FAQs related to Macfos IPO:
What is the Issue Size of Macfos IPO?
The Company is making an initial public offer of 2,328,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Macfos IPO?
The price band for this particular IPO ranges between Rs 96 to Rs 102. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Macfos IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 17, 2023, while the closing date is set at Feb 21, 2023.
What is the Macfos IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Feb 24, 2023, refund initiation is on Feb 27, 2023, credit of shares is on Feb 28, 2023, and share listing date is on Mar 1, 2023.
What is the Macfos IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 1, 2023. The date, when the listing would be done, is stagnant on Mar 1, 2023.
Who is the Registrar of Macfos IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Pvt Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Macfos IPO?
Here are the promoters of this IPO – Atul Maruti Dumbre, Binod Prasad, Nileshkumar Purshottam Chavhan. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Macfos IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Macfos IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Macfos Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 601.27, 2021 is 158.31, and 2020 is 32.97. PAT from Sep 2022 is 295.85.
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