Macobs Technologies was incorporated on October 14, 2019. The company operates within the male grooming industry, specializing in the niche area of below-the-belt grooming, and conducts its business exclusively through e-commerce channels such as the website https://menhood.in/, without maintaining physical stores or a traditional retail footprint.
| Bidding Dates |
|---|
| 16 Jul 2024 - 19 Jul 2024 |
| Subscription |
|---|
| 190.05x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,13,600 | 1 | 1 | 1600 | 2.6 M | ₹71 - ₹75 | 47.78 % | ₹184.3 M - ₹194.6 M | RHP DOC |
Macobs Technologies IPO SUBSCRIPTION STATUS
19 Jul '24Macobs Technologies IPO overall subscription rate was 190.05 times the total available shares
Macobs Technologies IPO retail subscription rate was 202.52 times in the retail segment
Macobs Technologies IPO non-institutional investor subscription rate was 305.54 times in the non-institutional investor category
Macobs Technologies IPO Qualified Institutional Bidder subscription rate was 40.77 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 35% | 30% |
19 Jul 2024 (Day 3) | 202.52x | 305.54x | 40.77x |
18 Jul 2024 (Day 2) | 20.78x | 5.67x | 1.52x |
16 Jul 2024 (Day 1) | 4.76x | 1.67x | 1.41x |
Macobs Technologies 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 |
| FY24 | 22.1 | 206.2 | -22.7 | -29.6 | 16.6% |
| FY23 | 20.5 | 147.8 | -3.4 | -4.1 | 19.3% |
| FY22 | 3.9 | 60.1 | 5.4 | 2.9 | 9.4% |
Macobs Technologies IPO SUBSCRIPTION STATUS DETAILS
Macobs Technologies had 2.6 M shares on offer
Macobs Technologies IPO offer price was in the range ₹71 - ₹75
Macobs Technologies IPO minimum Investment was ₹113600
Macobs Technologies IPO issue size was ₹ 184.3 M - ₹ 194.6 M
Macobs Technologies had a minimum lot size of 1600 Shares per application
Macobs Technologies NUMBER OF SHARES ON OFFER
Macobs Technologies IPO IMPORTANT DATES
| Issue Open Date | 16 Jul 2024 |
| Issue close Date | 19 Jul 2024 |
| Allotment Date | 22 Jul 2024 |
| Refund Date | 23 Jul 2024 |
| Demat Account Credit Date | 23 Jul 2024 |
| Listing Date | 24 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Macobs Technologies Allotment Status | Exchange |
Macobs Technologies IPO subscription opened on 16 Jul 2024, and closed on 19 Jul 2024
IPO allotment for Macobs Technologies was finalized on Monday, 22 Jul 2024
IPO listing for Macobs Technologies was on NSE on Wednesday, 24 Jul 2024
Macobs Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 96.0 |
| Listing Close Price | 100.8 |
| Listing Gain% | 28.0% |
| Current Gain% | 180.7% |
Macobs Technologies 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Macobs Technologies Ltd. | 210.6 | 206.2 | 65.5 | 4.8 | 7.6 | 5.7 | 42.6 | 3.1 | 3.2 | ||||
| Eternal Ltd. | 315 | 303986 | 702 | 15.7 | 4.5 | 1.2 | 0.9 | 55760 | 161.5 | 366 | -30.6 | 0.4 | 44.8 |
| FSN E-Commerce Ventures Ltd. | 332 | 95081.1 | 371.2 | 1.7 | 8.9 | 13.9 | 4.3 | 10055.1 | 26.1 | 199.4 | 201.8 | 0.9 | 221.1 |
| Meesho Ltd. | 191.4 | 88472 | -73.7 | 6.4 | -31 | -17.2 | 13099.1 | 32.3 | -1357.7 | 65.6 | -2.6 | ||
| Info Edge (India) Ltd. | 1225.3 | 79451 | 54.8 | 1.1 | 24.2 | 3.8 | 3 | 4343.3 | 10.7 | 1449.8 | 50.7 | 22.4 | 50.7 |
| Swiggy Ltd. | 280.8 | 77495.8 | -20.7 | 16.9 | 3.1 | -22.7 | -16.4 | 23561 | 50.8 | -4154 | -33.3 | -13.6 | -1.2 |
Macobs Technologies INFORMATION ON IPO ISSUE
About Macobs Technologies
Macobs Technologies was incorporated on October 14, 2019. The company operates within the male grooming industry, specializing in the niche area of below-the-belt grooming, and conducts its business exclusively through e-commerce channels such as the website https://menhood.in/, without maintaining physical stores or a traditional retail footprint.
Object of the Issue
- Customer acquisition - marketing & awareness
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the company
- Working capital requirements
- General corporate purposes
- To meet the issue expenses
Macobs Technologies - PROMOTERS
| Name |
|---|
| Dushyant Gandotra |
| Shivam Bhateja |
| Divya Gandotra |
Macobs Technologies Lead Manager of the Issue
Ski Capital Services Limited
mtlipo@skicapital.net
Macobs Technologies Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Macobs Technologies Strengths
Niche market focus
Specialization in below-the-belt grooming for men sets the company apart in a market that has traditionally overlooked this segment
Innovative product range
The company offers specialized products tailored to unique grooming needs and meets specific demand in the market
E-commerce model
Since the company operates exclusively online, it allows for broader market reach, reduced overhead costs, and flexibility in scaling up operations
Macobs Technologies Risks
Limited physical presence
The absence of brick-and-mortar stores might limit exposure and the ability to provide tangible experiences to certain customer segments
Niche market limitations
Focusing on a niche market might limit the company's potential customer base and revenue streams
Dependency on digital platforms
Heavy reliance on e-commerce platforms and digital marketing makes the business susceptible to changes in digital platform algorithms and online market trends
IPO FAQs
The promoters of the company are Dushyant Gandotra, Shivam Bhateja and Divya Gandotra.
The category allocation of qualified institutional buyers is 30.0%, the category allocation of non individual investors or high networth individuals is 35.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 75.0.
The IPO application opens on Jul 16, 2024 and closes on Jul 19, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 113,600.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jul 22, 2024.
The refund will be credited to your account on Jul 23, 2024.
The allotted shares will be credited to your demat on Jul 23, 2024.
Macobs Technologies Ltd.’s shares listed on the stock exchanges on Jul 24, 2024.