Mayank Cattle Food IPO Review

 
Mayank Cattle Food IPO Review

IPO Open Date: January 29, 2024

IPO Close Date: January 31, 2024

IPO Price: ₹108 per share

Lot Size: 1200 Shares

Listing: February 5, 2024

Mayank Cattle Food is scheduled to hit the market on January 29, 2024 and close on January 31, 2024. Mayank Cattle Food plans to raise around ₹19.44 Cr through an IPO with a sale of up to 1,800,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.

Established in 1998, Mayank Cattle Food Limited is a prominent player in the oil industry, specializing in the production of Cattle Food, Animal Food, Cattle Food Cake, and Edible Oil.

The company's state-of-the-art manufacturing facility, strategically located in Rajkot, Gujarat, spans an extensive area of approximately 87,133 sq. ft. Fitted with cutting-edge machinery and technology, this facility underscores Mayank Cattle Food Limited's commitment to delivering quality products to its customers.

Mayank Cattle Food


Mayank Cattle Food IPO Details

Mayank Cattle Food IPO opens on Jan 29, 2024, and closes on Jan 31, 2024. The Listing date for Mayank Cattle Food IPO is on Feb 05, 2024. The price band for IPO is ₹108 per share and lot size of 1200 Shares.

IPO DateJan 29, 2024 to Jan 31, 2024
Listing DateFeb 05, 2024
Price₹108 per share
Lot Size1200 Shares
Issue Size₹19.44 Cr
Face Value₹10 per share

Mayank Cattle Food IPO Tentative Timetable

Mayank Cattle Food opening date is January 29, 2024 and close date is January 31, 2024. The IPO allotment date is February 1, 2024. The refund initiation of IPO is on February 02, 2024. The credit of shares in demat account is on February 02, 2024. The listing date is on February 05, 2024.

EventDate
IPO OpeningJan 29, 2024
IPO ClosingJan 31, 2024
IPO Allotment DateFeb 01, 2024
Refund InitiationFeb 02, 2024
Shares Credit to DematFeb 02, 2024
Lisiting DateFeb 05, 2024

Mayank Cattle Food IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹129,600).

CategoryLotsSharesAmount
Retail(Minimum)11200₹129,600
Retail(Maximum)11200₹129,600
HNI (Minimum)22400₹259,200

Mayank Cattle Food IPO Promoter Holding

Pre Issue Share Holding97.50%
Post Issue Share Holding65.00%

Mayank Cattle Food IPO Review

Mayank Cattle Food Limited is set to launch its IPO, offering 58,32,000 equity shares at an issue price of Rs. [Issue Price] per share. The company, with a current production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake, expanded its capacity in the financial years 2021-22 and 2023-24 to strengthen its market presence. As of December 31, 2023, the company employs 120 individuals, with 104 workers contributing to its operations. The financials indicate a decrease in revenue by -4.15% and a noteworthy 64.45% rise in profit after tax between the financial years ending March 31, 2023, and March 31, 2022.

Key Performance Indicators (KPIs) highlight Mayank Cattle Food's market capitalization at Rs. 58.32 Cr. Noteworthy metrics include a Return on Equity (ROE) of 32%, Return on Capital Employed (ROCE) at 11.27%, Debt/Equity ratio of 9.13, Return on Net Worth (RoNW) at 27.61%, and a Price/Book Value (P/BV) of 0.45. Pre-IPO and post-IPO earnings per share (EPS) are reported at Rs. 3.65 and Rs. 3.19, respectively, with a pre-IPO P/E ratio of 29.58 and post-IPO P/E ratio of 33.89.

The IPO's objectives encompass funding capital expenditure for plant and machinery, addressing working capital requirements, covering issue expenses, and facilitating general corporate purposes. Investors should scrutinize the company's growth strategy, competitive positioning, and the agricultural sector's dynamics before making informed investment decisions in this IPO.

Mayank Cattle Food IPO Subscription Status (Bidding Details)

Table not found

Mayank Cattle Food 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

Mayank Cattle Food IPO FAQs

What is Mayank Cattle Food IPO?

Mayank Cattle is issuing 1,800,000 equity shares with a face value of ₹10 each, totaling up to ₹19.44 Cr. The shares are being offered at a price of ₹108 each, with a minimum order quantity of 1200 shares.

Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Mayank Cattle Food IPO will open?

Mayank Cattle Food will open on January 29, 2024 for QIB, NII, and Retail Investors.

When Mayank Cattle Food IPO will end?

Mayank Cattle Food will end on January 31, 2024.

What is Mayank Cattle Food IPO Size?

Mayank Cattle Food IPO size is ₹19.44 Cr.

What is Mayank Cattle Food IPO Price Band?

Mayank Cattle Food price band is ₹108 per share.

What is the Mayank Cattle Food IPO Allotment Date?

Mayank Cattle Food allotment date is February 1,2024.

What is the Mayank Cattle Food IPO Listing Date?

Mayank Cattle Food listing date is February 05, 2024. The IPO is to be listed on BSE and NSE.

How to Mayank Cattle Food IPO through Zerodha?

To apply for the IPO “Mayank Cattle Food” 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 Mayank Cattle Food IPO through Upstox?

To apply for the IPO “Mayank Cattle Food” 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 Mayank Cattle Food IPO Allotment Status?

For Mayank Cattle Food IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Mayank Cattle Food IPO GMP?

You can check out here: Mayank Cattle Food IPO GMP

Sharing Is Caring:
Avatar of Manish Sharma
About Manish Sharma

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Leave a Comment