Macfos Limited IPO GMP, Price, Dates & Allotment Details 2023
Macfos Limited IPO opens on February 17 and closes on February 21, 2023. According to the DRHP filed in SEBI, the company is planning to issue 2,328,000 shares through this public issue.
Primarily an e-commerce-based company, we are focused on the marketing of a broad range of electronic components that find application in basic and advanced engineering products and projects, including emerging technologies such as the Internet of Things (IoT), robotics, automation, drones, electric vehicles, 3D printing, and auto-guided vehicles. More than 12,000 SKUs of electronic components and parts make up the company’s vast portfolio, which enables customers including manufacturers, electrical and mechanical engineering students, educational institutions, researchers, and developers to quickly prototype and develop new products.
Through its own e-commerce website and mobile application, Robu.in, the company sells a broad range of electronic items, including robotic parts, drone parts, e-bike parts, etc.
As of September 30, 2022, the company is connected with over 140 overseas and domestic vendors for sourcing electronic items and parts. Macfos Limited is capable of delivering the products across India as well as overseas. In fiscal year 2021-22, the company served over 2 lakh orders from all 28 Indian states and 6 union territories.
Objects of the Issue
The selling shareholders will be entitled to the entire proceeds of the offer.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,208 | 912 | 311 | 53 |
| Total Assets | 2,599 | 2,047 | 942 | 625 |
| Total Borrowing | 938 | 603 | 350 | 433 |
| Total Revenue | 3,605 | 5,587 | 2,734 | 1,622 |
| Profit After Tax | 296 | 601 | 158 | 33 |
Macfos Limited IPO – Details
According to the DRHP filed with SEBI, the company plans to issue 2,328,000 shares of face value of ₹ 10 each, aggregating up to ₹ [.] crore.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 96 to ₹ 102 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1200 Shares |
| Issue Size | 2,328,000 shares of ₹ 10 (Aggregating up to ₹ 23.74 Crore) |
| Offer For Sale | 2,328,000 shares of ₹ 10 (Aggregating up to ₹ 23.74 Crore) |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| Listing At | BSE SME |
| Company Promoters | 1. Atul Maruti Dumbre 2. Binod Prasad 3. Nilesh kumar 4. Purshottam Chavhan |
GMP – Macfos Limited IPO
Macfos Limited IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Macfos Limited IPO
Macfos Limited IPO opens on February 17 and closes on February 21, 2023.
| Opening Date | February 17, 2023 |
| Closing Date | February 21, 2023 |
| Basis of Allotment | February 24, 2023 |
| Initiation of Refunds | February 27, 2023 |
| Credit of shares to Demat A/c | February 28, 2023 |
| Listing Date | March 1, 2023 |
Lot Size – Macfos Limited IPO
The lot size of the Macfos Limited IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of ₹ 122,400.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 122,400 |
| Retail (Maximum) | 1 | 1,200 | ₹ 122,400 |
| HNI (Minimum) | 2 | 2,400 | ₹ 244,800 |
Promoters Holdings – Macfos Limited IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 73.65% |
SWOT Analysis – Macfos Limited IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Extensive and diverse portfolio of electronic items and parts along with a content rich platform. 2. Strong, diverse and growing customer base. 3. Scalable and reliable technology platform. 4. Consistent track record of profitable growth and strong financial performance. | 1. Dependent on external vendors for sourcing the product requirements: The company does not manufacture any of the electronic items and parts that they sell. 2. Company business depends on the growth of the online commerce industry in India. |
| OPPORTUNITIES | THREATS |
| 1. Continue to grow the platform by offering new products and services. 2. The electronics market has grown at a CAGR of 14% from 2016-19 and is expected to accelerate at a CAGR of 16.6% in 2020-25, with the total demand likely to account for US$ 540 in FY25. | 1. Competitions from established players. 2. Change in technologies. 3. Change in consumer preference. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Macfos Limited S. No. 78/1, Sumant Building, Dynamic Logistics Trade Park, Dighi, Bhosari Alandi Road, Pune – 411-015 Phone: +91-022-68197600 Email: [email protected] Website: http://www.robu.in/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: http://www.bigshareonline.com |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQ’s
When will Macfos Limited IPO allotment be available?
The finalisation of the basis of allotment for the Macfos Limited IPO will be done on February 24, 2023, and the allotted shares will be credited to your demat account by February 28, 2023. Check the Macfos Limited IPO allotment status.
When will Macfos Limited IPO list on exchanges?
The Macfos Limited IPO shares listing date is March 1, 2023.
How many shares in the Macfos Limited IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for QIB - 50%, NII (HNI) – 15%, and Retail – 35%.
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