IPO Details
Bidding Dates
16 Jul 24 - 19 Jul 24
Price Range ₹
71 - 75
Total Equity
₹ 19.46Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
16 Jul 2024
Offer end
19 Jul 2024
Allotment
22 Jul 2024
Refund initiation
23 Jul 2024
Demat transfer
23 Jul 2024
Listing
24 Jul 2024
Offer start
16 Jul 2024
Offer end
19 Jul 2024
Allotment
22 Jul 2024
Refund initiation
23 Jul 2024
Demat transfer
23 Jul 2024
Listing
24 Jul 2024
About Company
Macobs Technologies Limited, founded in 2019, offers male grooming products, including specialized trimmers for sensitive areas, hygiene products tailored to male skin, briefs, and a variety of self-care items. The company operates exclusively online without any physical stores or traditional retail presence. Its competitive strengths include targeting niche markets by focusing on men's under-the-belt grooming, utilizing an e-commerce strategy to enhance market reach and reduce overheads, and developing innovative products that meet specific grooming needs. Macobs emphasizes customer needs and preferences, engaging actively with customers to strengthen relationships. The company also adopts an educational content strategy to change societal views on male grooming, building brand authority and trust. Furthermore, it is committed to sustainability and ethics through eco-friendly packaging and sustainable sourcing, aligning with the increasing consumer focus on environmental and social responsibility. The company employs 15 full-time staff members.
Year Founded
14-10-2019
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 65 | 47.78 |
| Share Capital | 4680000 | 4680000 |
Offer to Public
25,95,200.00 Cr
Project Details
- Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company - 15cr
- Customer Acquisition - Marketing & Awareness - 20cr
- Working Capital Requirements - 120cr
Objectives
- Customer Acquisition - Marketing & AwarenessPrepayment or repayment of a portion of certain outstanding borrowings availed by our Company
- Working Capital RequirementsGeneral corporate purposes
- andTo meet the Issue expenses.
Highlights
- The company's online-only business model broadens market reach, reduces overhead costs, and allows for flexible scaling.
- By concentrating on men's specialized grooming needs, Macobs Technologies addresses a specific and often overlooked market segment.
- Offering unique and specialized grooming products caters to distinct customer needs and preferences.
- The company's dedication to eco-friendly packaging and sustainable sourcing aligns with the increasing consumer demand for environmentally responsible products.
- Consistent increases in revenue and profit after tax (PAT) over the past few years demonstrate solid financial performance and growth potential.
Challenges
- Heavy reliance on Chinese electronics exposes the company to potential trade restrictions and supply chain disruptions due to geopolitical tensions between India and China.
- Ongoing legal proceedings involving the company and its leadership could result in unfavorable judgments that negatively impact the business.
- Reliance on a few key suppliers means that losing any major supplier could significantly disrupt business operations.
- Historical instances of negative cash flows could pose a risk to the company's future business prospects if repeated.
- Changes in international relations could lead to altered import duties or trade restrictions, affecting the company's cost structure and supply chain stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 39.19 | 1.00 | 204.50 | 204.50 | 681.6667 |
| 2022 | 152.49 | 1.00 | 40.48 | 40.48 | 134.9333 |
| 2023 | 593.83 | 1.00 | -1.39 | -1.39 | -4.6333 |
