Macobs Technologies - AstroIPO

Macobs Technologies IPO


July 11, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Macobs Technologies Ltd., an e-commerce company in the IT sector, is launching its IPO from July 16-19, 2024. The company aims to raise Rs. 15.28 – 16.14 crore through a book-building process, offering shares at Rs. 71-75 each.

Investors can apply for a minimum of 1600 shares, with a maximum retail subscription of Rs. 5 lakh. The IPO’s face value is Rs. 10, and 21.52 lakh shares are on offer.

Macobs Technologies Ltd. is set to list on the NSE on July 24, 2024, with an expected listing price of Rs. 96.00. This indicates a potential upside for early investors.

Macobs Technologies IPO Details

IPO Size 19.46
Price Range ₹71 - ₹75
Retail Quota 35%
QIB Quota 30%
NII Quota 35%
Employee Discount --
Listing at NSE
Minimum Quantity 1600
Investment (cut-off price) ₹120,000
Pre IPO Promotor Holding 65%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Macobs Technologies IPO Timelines

16/07/2024
Start Date
19/07/2024
End Date
22/07/2024
Allotment Date View Status
23/07/2024
Refund Initiation
23/07/2024
Credit of Shares to Demat Ac
24/07/2024
Listing Date

Macobs Technologies IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1600 ₹120,000
Retail Maximum 1 1600 ₹120,000
S-HNI Minimum 2 3200 ₹240,000

Macobs Technologies IPO Subscription Status

QIB NII Retail EMP Total
88.92 x 266.85 x 176.87 x -- 202.39 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹96 ₹100.80 ₹100.80 ₹96

Macobs Technologies IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹6.02 ₹5.49 ₹0.39
FY 2023 ₹14.83 ₹12.09 ₹2.05
FY 2024 ₹20.75 ₹17.76 ₹2.21

About Company

Founded in 2019, Macobs Technologies Limited specialises in male grooming products, offering an extensive range of items tailored for men’s self-care needs. Through its website, Menhood, the company provides specialised trimmers for sensitive areas, hygiene products designed for male skin, briefs, and other self-care essentials. Macobs Technologies operates exclusively online, without physical stores or a traditional retail presence.

The company’s competitive strengths include targeting niche markets, particularly men’s under-the-belt grooming, distinguishing it in a largely overlooked segment. Its e-commerce strategy enhances market reach, reduces overhead costs, and allows for greater operational flexibility. Macobs Technologies’ innovative product range addresses specific grooming needs, fulfilling a unique market demand.

The company emphasises a customer-focused approach, actively engaging with customers to understand and cater to their preferences. This engagement strengthens customer relationships and loyalty. Additionally, Macobs Technologies leverages an educational content strategy to shift societal views on male grooming, building brand authority and trust.

Sustainability and ethics are core to the company’s values, demonstrated through its commitment to eco-friendly packaging and sustainable sourcing, aligning with the growing consumer focus on environmental and social responsibility. Macobs Technologies Limited employs 15 full-time employees dedicated to advancing the company’s mission and vision.

Incorporation Date Sector Managing Director
2019 IT (Information Technology) Atul Dumbre

Know Before Investing

Macobs Technologies IPO Strengths

  • Specialises in grooming for men, a unique niche.
  • Operates exclusively online, enhancing market reach and reducing costs.
  • Offers innovative, specialised products meeting specific grooming needs.
  • Focuses on customer needs, preferences, and active engagement.
  • Provides educational content, shifting perceptions on male grooming.
  • Committed to eco-friendly packaging and sustainable sourcing practices.

Macobs Technologies IPO Risks

  • Relies heavily on Chinese imports, risking geopolitical and forex impacts.
  • Does not own operating locations, risking lease renewals and relocations.
  • Pending legal proceedings totalling ₹400 Lakhs could impact financial condition.
  • Heavy dependence on e-commerce digital marketing limits negotiation power.
  • Non-compliance with the Companies Act could lead to penalties actions.
  • Relies on third-party transport, risking supply chain disruptions.
  • Lacks non-compete agreement with Promoter, risking potential competition.

Swot Analysis for Macobs Technologies IPO

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Company Details

Macobs Technologies Limited

Plot No. A-305,
Backside National Handloom Corp. Vaishali Nagar,
Jaipur – 302021

Phone: +91 8062195170

Email: [email protected]

Website: https://macobstech.com/

IPO Registar Details

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Email: [email protected]

Website: https://maashitla.com/allotment-status/public-issues

FAQs

The key objectives of Macobs Technologies IPO are:

  • Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company.
  • Working Capital Requirements.
  • General corporate purposes.
  • To meet the Issue expenses.

SKI Capital Services Ltd. is the book-running lead managers for the Macobs Technologies IPO.

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