Macobs Technologies is scheduled to hit the market on July 16, 2024 and close on July 19, 2024. Macobs Technologies plans to raise around ₹19.46 Cr through an IPO with a sale of up to 2,595,200 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 30%, HNI Shares Offered 35%.
Founded in 2019, Macobs Technologies Limited specializes in male grooming products. Their offerings include specialized trimmers for sensitive areas, hygiene products for male skin, briefs, and various self-care items available exclusively on their website. Unlike traditional retail setups, Macobs operates solely online, leveraging niche market targeting, an e-commerce strategy, innovative product development, customer-centric practices, educational content initiatives, and a commitment to sustainability and ethics.
With a focus on men's under-the-belt grooming, Macobs Technologies Limited distinguishes itself in a market segment often overlooked. By maintaining an online-only presence, the company expands its market reach while reducing costs and gaining operational flexibility. Their emphasis on developing specialized products to meet specific grooming needs, engaging with customers actively to understand preferences, educating on male grooming, and prioritizing sustainability aligns with evolving consumer expectations. Currently employing 15 full-time staff members, Macobs continues to build upon its customer relationships and brand trust through these strategic initiatives.
Macobs Technologies IPO Details
Macobs Technologies IPO opens on July 16, 2024, and closes on July 19, 2024. The Listing date for Macobs Technologies IPO is on July 24, 2024. The price band for IPO is ₹71 to ₹75 per share and lot size of 1600 Shares.
| IPO Date | July 16, 2024 to July 19, 2024 |
| Listing Date | July 24, 2024 |
| Price | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹19.46 Cr |
| Face Value | ₹10 per share |
Macobs Technologies IPO Tentative Timetable
Macobs Technologies opening date is July 16, 2024 and close date is July 19, 2024. The IPO allotment date is July 22, 2024. The refund initiation of IPO is on July 23, 2024. The credit of shares in demat account is on July 23, 2024. The listing date is on July 24, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 16, 2024 |
| IPO Closing | July 19, 2024 |
| IPO Allotment Date | July 22, 2024 |
| Refund Initiation | July 23, 2024 |
| Shares Credit to Demat | July 23, 2024 |
| Lisiting Date | July 24, 2024 |
Macobs Technologies IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹120,000 |
| Retail(Maximum) | 1 | 1600 | ₹120,000 |
| HNI (Minimum) | 2 | 3200 | ₹240,000 |
Macobs Technologies IPO Promoter Holding
| Pre Issue Share Holding | 65% |
| Post Issue Share Holding |
Macobs Technologies IPO Review
Macobs Technologies Ltd. (MTL) operates in the male grooming industry through its e-commerce platform, specializing in below-the-belt grooming products. The company, which conducts its business exclusively online, focuses on addressing a significant gap in the market by offering specialized trimmers, hygiene products, and self-care items tailored for men's grooming needs. MTL's commitment to innovation and customer-centric approach has enabled it to grow rapidly, with plans to further enhance its market presence post-IPO. As of the date of the offer document, MTL employs 15 people and leverages online platforms to promote awareness and open discussions on male grooming.
Financially, MTL has demonstrated growth in its top and bottom lines over the last three fiscals, reporting total income/net profit figures of Rs. 6.02 cr./Rs. 0.39 cr. (FY22), Rs. 14.83 cr./Rs. 2.05 cr. (FY23), and Rs. 20.75 cr./Rs. 2.21 cr. (FY24). The company plans to raise Rs. 19.46 cr. through its IPO, with funds allocated for customer acquisition, marketing, debt repayment, working capital, and general corporate purposes. Despite the growth, the IPO appears aggressively priced, with a P/E of 33.19 based on FY24 earnings, and the issue is priced at a P/BV of 5.50 based on its NAV of Rs. 13.65 as of March 31, 2024.
While the company's financial performance and growth prospects are promising, the valuation seems high, making the IPO appear aggressively priced. The management is confident in further improving performance with the availability of IPO funds, given the rising demand for their products. Well-informed investors may consider parking funds for the medium to long term, but should be mindful of the high valuation and associated risks.
Macobs Technologies IPO Subscription Status (Bidding Details)
Table not foundMacobs Technologies IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Macobs Technologies IPO FAQs
What is Macobs Technologies IPO?
Macobs Technologies is issuing 2,595,200 equity shares with a face value of ₹10 each, totaling up to ₹19.46 Cr. The shares are being offered at a price of ₹71 to ₹75 each, with a minimum order quantity of 1600 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Macobs Technologies IPO will open?
Macobs Technologies will open on July 16, 2024 for QIB, NII, and Retail Investors.
When Macobs Technologies IPO will end?
Macobs Technologies will end on July 19, 2024.
What is Macobs Technologies IPO Size?
Macobs Technologies IPO size is ₹19.46 Cr.
What is Macobs Technologies IPO Price Band?
Macobs Technologies price band is ₹71 to ₹75 per share.
What is the Macobs Technologies IPO Allotment Date?
Macobs Technologies allotment date is July 22, 2024.
What is the Macobs Technologies IPO Listing Date?
Macobs Technologies listing date is July 24, 2024. The IPO is to be listed on BSE and NSE.
How to Macobs Technologies IPO through Zerodha?
To apply for the IPO “Macobs Technologies” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Macobs Technologies IPO through Upstox?
To apply for the IPO “Macobs Technologies” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Macobs Technologies IPO Allotment Status?
For Macobs Technologies IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Macobs Technologies IPO GMP?
You can check out here: Macobs Technologies IPO GMP