Macfos was incorporated on September 26, 2017. Through the 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, IoT & Wireless items, 3D printers & parts, DIY learning kits, development boards, raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays.
| Bidding Dates |
|---|
| 17 Feb 2023 - 21 Feb 2023 |
| Subscription |
|---|
| 193.8x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 1200 | 2.3 M | ₹96 - ₹102 | 73.65 % | ₹223.5 M - ₹237.5 M | RHP DOC |
Macfos IPO SUBSCRIPTION STATUS
21 Feb '23Macfos IPO overall subscription rate was 193.8 times the total available shares
Macfos IPO retail subscription rate was 268.25 times in the retail segment
Macfos IPO non-institutional investor subscription rate was 659.99 times in the non-institutional investor category
Macfos IPO Qualified Institutional Bidder subscription rate was 21.6 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
21 Feb 2023 (Day 3) | 268.25x | 659.99x | 21.6x |
20 Feb 2023 (Day 2) | 93.42x | 55.49x | 2.6x |
17 Feb 2023 (Day 1) | 18.52x | 5.94x | 0.01x |
Macfos FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY23 | 29.6 | 357.8 | 7.6 | -36.1 | 12.2% |
| FY22 | 60.1 | 555.1 | -4.6 | -9.5 | 15.7% |
| FY21 | 15.8 | 271.2 | 3.0 | 1.9 | 10.1% |
| FY20 | 3.3 | 162.2 | 4.8 | -1.1 | 7.9% |
Macfos IPO SUBSCRIPTION STATUS DETAILS
Macfos had 2.3 M shares on offer
Macfos IPO offer price was in the range ₹96 - ₹102
Macfos IPO minimum Investment was ₹122400
Macfos IPO issue size was ₹ 223.5 M - ₹ 237.5 M
Macfos had a minimum lot size of 1200 Shares per application
Macfos NUMBER OF SHARES ON OFFER
Macfos IPO IMPORTANT DATES
| Issue Open Date | 17 Feb 2023 |
| Issue close Date | 21 Feb 2023 |
| Allotment Date | 24 Feb 2023 |
| Refund Date | 27 Feb 2023 |
| Demat Account Credit Date | 28 Feb 2023 |
| Listing Date | 01 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Macfos Allotment Status | Exchange |
Macfos IPO subscription opened on 17 Feb 2023, and closed on 21 Feb 2023
IPO allotment for Macfos was finalized on Friday, 24 Feb 2023
IPO listing for Macfos was on BSE on Wednesday, 01 Mar 2023
Macfos IPO LISTING GAINS
| Issue Price (adjusted) | 92.7 |
| Listing Open Price | 184.0 |
| Listing Close Price | 174.8 |
| Listing Gain% | 80.4% |
| Current Gain% | 1237.2% |
Macfos Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Macfos Ltd. | 1240 | 1095.6 | 50.1 | 1.2 | 4.2 | 26.7 | 16 | 311.8 | 21 | 25.6 | 43.1 | 24.8 | 43.1 |
| One97 Communications Ltd. | 1441.6 | 92425.7 | 142.2 | 1.2 | 10.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1604.5 | 74239.4 | 99.2 | 1 | 10.1 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1645.6 | 23183.1 | 48.5 | 2.5 | 8.2 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 154.4 | 17820.2 | 140 | 0.7 | 6.3 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Fractal Analytics Ltd. | 817.7 | 14061.6 | 42.8 | 4.1 | 9.2 | 6.6 | 3362.6 | 19.4 | 292.2 | 31 | 19.1 |
Macfos INFORMATION ON IPO ISSUE
About Macfos
Macfos was incorporated on September 26, 2017. Through the 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, IoT & Wireless items, 3D printers & parts, DIY learning kits, development boards, raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays.
Object of the Issue
- To achieve the benefits of listing the equity shares on the stock exchanges and the sale of up to 23,28,000 equity shares by the selling shareholders
Macfos - PROMOTERS
| Name |
|---|
| Atul Maruti Dumbre |
| Binod Prasad |
| Nileshkumar Purshottam Chavhan |
Macfos Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Macfos Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Macfos Strengths
Extensive and diverse portfolio
Over the years, the company has created an extensive portfolio of electronic items and parts ranging from robotic parts, drone parts, e-bike parts, IoT & Wireless items, raspberry Pi items, etc
Strong, diverse and growing customer base
The company has a strong and diversified consumer base across India. In FY22, the company served over two lakh orders placed by over 83,000 consumers on website, mobile application and directly
Consistent track record of profitable growth
The company's focus on functional and operational excellence has contributed to its track record of consistent profitable growth and strong financial performance
Macfos Risks
Dependent on external vendors
The company is dependent on external vendors for sourcing the product requirements. Any delay or failure on the part of such vendors to deliver products at acceptable prices may adversely affect the business, profitability and reputation
Highly competitive industry
The company operates in a highly competitive industry and its failure to compete effectively could have a negative impact on the success of the business and/or impact the margins
Negative cash flow
The company has had negative operating cash flow in recent fiscals. Sustained negative cash flow could adversely impact the business, financial condition and results of operations
IPO FAQs
Macfos Ltd. IPO listing opened at Rs 184.00 while the issue price was Rs 102.00 giving 80.39% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 92.73 giving 1237.22% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 23.7 crore, of 2,328,000 shares.
The promoters of the company are Atul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 96.0 - 102.0.
The IPO application opens on Feb 17, 2023 and closes on Feb 21, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 122,400.0.
This IPO will be allotted on Feb 24, 2023.
The refund will be credited to your account on Feb 27, 2023.
The allotted shares will be credited to your demat on Feb 28, 2023.
Macfos Ltd.’s shares listed on the stock exchanges on Mar 01, 2023.