Mayank Cattle Food was incorporated on 21 April 1998. The company is engaged in manufacturing maize cake (cattle feed) and maize oil (non-edible). The business process involves purchasing maize germ, then mechanised expelling, packaging, and selling of the maize oil and maize cake.
| Bidding Dates |
|---|
| 29 Jan 2024 - 31 Jan 2024 |
| Subscription |
|---|
| 8.44x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,600 | 1 | 1 | 1200 | 1.8 M | ₹108 | 65 % | ₹194.4 M | RHP DOC |
Mayank Cattle Food IPO SUBSCRIPTION STATUS
31 Jan '24Mayank Cattle Food IPO overall subscription rate was 8.44 times the total available shares
Mayank Cattle Food IPO retail subscription rate was 11.17 times in the retail segment
Mayank Cattle Food IPO non-institutional investor subscription rate was 5.71 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
31 Jan 2024 (Day 3) | 11.17x | 5.71x | - |
30 Jan 2024 (Day 2) | 3.95x | 1.37x | - |
29 Jan 2024 (Day 1) | 1.04x | 0.44x | - |
Mayank Cattle Food 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 |
| 4MFY24 | 5.7 | 750.8 | 26.4 | 25.6 | 3.6% |
| FY23 | 13.1 | 3,091.8 | 11.7 | -50.1 | 2.1% |
| FY22 | 8.0 | 3,226.3 | -27.6 | -61.8 | 1.3% |
| FY21 | 7.2 | 1,863.2 | 16.3 | 10.9 | 2.1% |
Mayank Cattle Food IPO SUBSCRIPTION STATUS DETAILS
Mayank Cattle Food had 1.8 M shares on offer
Mayank Cattle Food IPO offer price was ₹108
Mayank Cattle Food IPO minimum Investment was ₹129600
Mayank Cattle Food IPO issue size was ₹ 194.4 M
Mayank Cattle Food had a minimum lot size of 1200 Shares per application
Mayank Cattle Food NUMBER OF SHARES ON OFFER
Mayank Cattle Food IPO IMPORTANT DATES
| Issue Open Date | 29 Jan 2024 |
| Issue close Date | 31 Jan 2024 |
| Allotment Date | 01 Feb 2024 |
| Refund Date | 02 Feb 2024 |
| Demat Account Credit Date | 02 Feb 2024 |
| Listing Date | 05 Feb 2024 |
| Listing on Exchange(s) | BSE |
| Mayank Cattle Food Allotment Status | Exchange |
Mayank Cattle Food IPO subscription opened on 29 Jan 2024, and closed on 31 Jan 2024
IPO allotment for Mayank Cattle Food was finalized on Thursday, 01 Feb 2024
IPO listing for Mayank Cattle Food was on BSE on Monday, 05 Feb 2024
Mayank Cattle Food IPO LISTING GAINS
| Issue Price (adjusted) | 108.0 |
| Listing Open Price | 116.0 |
| Listing Close Price | 120.0 |
| Listing Gain% | 7.4% |
| Current Gain% | 100.0% |
Mayank Cattle Food 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mayank Cattle Food Ltd. | 216 | 116.7 | 19.4 | 0.9 | 0.3 | 15.8 | 7.1 | 403.7 | 3.2 | 6 | 21 | 11.1 | 21 |
| LT Foods Ltd. | 427.6 | 14846.8 | 23.2 | 7.3 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 542.8 | 10442.3 | 23.4 | -12.8 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 378.6 | 8666.9 | 13.4 | 0.4 | 1.4 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 28.3 | 36.1 |
| Gujarat Ambuja Exports Ltd. | 169.2 | 7761.6 | 18.7 | 0.2 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 764.4 | 3932.3 | 13.3 | 2.6 | 2.8 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 57.5 | 5.2 |
Mayank Cattle Food INFORMATION ON IPO ISSUE
About Mayank Cattle Food
Mayank Cattle Food was incorporated on 21 April 1998. The company is engaged in manufacturing maize cake (cattle feed) and maize oil (non-edible). The business process involves purchasing maize germ, then mechanised expelling, packaging, and selling of the maize oil and maize cake.
Object of the Issue
- Funding capital expenditure towards purchase of additional plant and machinery
- To meet the working capital requirements
- To meet the issue expenses
- General corporate purposes
Mayank Cattle Food - PROMOTERS
| Name |
|---|
| Bharatkumar Popatlal Vachhani |
| Ajay Popatlal Vachhani |
Mayank Cattle Food Lead Manager of the Issue
Finshore Management Services Limited
info@finshoregroup.com
Mayank Cattle Food Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
Mayank Cattle Food Strengths
Client relationship
The company has maintained a good relationship with its major customers. It is successful in building a strong client base for its business. Its existing relationships help it to secure repeat business from the customer
Quality assurance
The company is focused on providing high-quality products. Its dedicated efforts towards the quality of products, processes, and inputs have helped it gain a competitive advantage over others
Mayank Cattle Food Risks
Legal proceedings
The company, its promoter group, and group entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the business
Competitive industry
The company operates in an industry with several competitors, and it may fail to compete successfully against existing or new competitors, which may reduce the demand for its products and services
IPO FAQs
The promoters of the company are Bharatkumar Popatlal Vachhani and Ajay Popatlal Vachhani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 108.0 - 108.0.
The IPO application opens on Jan 29, 2024 and closes on Jan 31, 2024.
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. 129,600.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Feb 01, 2024.
The refund will be credited to your account on Feb 02, 2024.
The allotted shares will be credited to your demat on Feb 02, 2024.
Mayank Cattle Food Ltd.’s shares listed on the stock exchanges on Feb 05, 2024.