Macobs Technologies Limited IPO: Analysis, GMP & Subscription Status
Introduction
Macobs Technologies Limited, a notable player in the technology sector, is set to launch its Initial Public Offering (IPO) from July 16, 2024, to July 19, 2024. This IPO offers investors an opportunity to invest in a company poised for growth and innovation in the tech industry.
Macobs Technologies IPO Timeline
- IPO Open Date: Tuesday, July 16, 2024
- IPO Close Date: Friday, July 19, 2024
- Basis of Allotment: Monday, July 22, 2024
- Initiation of Refunds: Tuesday, July 23, 2024
- Credit of Shares to Demat: Tuesday, July 23, 2024
- Listing Date: Wednesday, July 24, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on July 19, 2024
IPO Details
- Face Value: ₹10 per share
- Price Band: ₹71 to ₹75 per share
- Lot Size: 1600 Shares
- Total Issue Size: 2,595,200 shares (aggregating up to ₹19.46 Cr)
- Fresh Issue: 2,595,200 shares (aggregating up to ₹19.46 Cr)
- Issue Type: Book Built Issue IPO
- Listing At: NSE SME
- Shareholding Pre-Issue: 7,200,000 shares
- Shareholding Post-Issue: 9,795,200 shares
- Market Maker Portion: 131,200 shares by SKI Capital Services
Macobs Technologies Limited Financial Performance (₹ in Lakhs)
Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
Assets |
1,443.44 |
595.05 |
152.51 |
Revenue |
2,074.67 |
1,482.81 |
602.30 |
Profit After Tax |
221.27 |
204.50 |
38.89 |
Net Worth |
720.00 |
1.00 |
1.00 |
Reserves and Surplus |
262.77 |
243.50 |
39.00 |
Total Borrowing |
250.14 |
107.35 |
20.84 |
Key Strengths
-
Experienced Promoters and Management Team: The promoters of Macobs Technologies Limited have significant experience and in-depth knowledge of the technology sector, which has been pivotal in the company’s growth trajectory.
-
Strong Client Relationships: The company has maintained robust relationships with its clients by consistently meeting their needs and ensuring timely delivery, leading to repeat orders and customer loyalty.
Risks
-
Market Risks: The company’s operations and profitability are susceptible to market risks, including price fluctuations, changes in government policies, and economic conditions.
-
Competition: The technology sector is highly competitive with numerous organized and unorganized players. Macobs Technologies' ability to maintain its market position depends on offering quality products at competitive prices.
-
Regulatory Risks: Changes in regulatory policies and compliance requirements can impact the company’s operations and profitability. Adhering to stringent environmental norms involves significant costs for pollution control and sustainable practices.
Macobs Technologies IPO GMP & Subscription Status
Stay updated with the latest information on the Macobs Technologies Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening. This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions.
Grey Market Premium (GMP)
Date |
GMP (₹) |
16 July |
₹15 |
17 July |
₹15 |
18 July |
₹20 |
19 July |
₹25 |
Subscription Status
Date |
QIBs |
NIIs |
Retail Investors |
Total Subscription |
July 16, 2024 |
3.06 |
1.47 |
4.31 |
2.91 |
July 18, 2024 |
3.31 |
4.85 |
18.63 |
10.50 |
July 19, 2024 |
88.92 |
266.70 |
176.87 |
202.32 |
How to Apply
Investors can apply for the Macobs Technologies Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.
Conclusion
The Macobs Technologies Limited IPO presents a promising opportunity for investors, given the company’s strong market presence, experienced management, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.
For more details, refer to the DRHP of Macobs Technologies Limited.
Headlines:
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