The Mayank Cattle Food date has been confirmed from January 29, 2024 and closes on January 31, 2024. Read the post to learn about Mayank Cattle Food IPO GMP.
Mayank Cattle Food Developers IPO is a fixed price issue of Rs 19.44 crores. The price is ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200.
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Key Details Of Mayank Cattle Food IPO:
Bidding Dates
Jan 29-31
Price Range
₹108 per share
Face Value
₹10 per share
GMP
₹9
Mayank Cattle Food IPO GMP
The Mayank Cattle Food IPO GMP is ₹9.
IPO Overview
Mayank Cattle Food IPO is a fixed-price issue worth Rs 19.44 crore. The issuance is wholly new, with 18 lakh shares. Mayank Cattle Food’s initial public offering (IPO) begins on January 29, 2024 and ends on January 31, 2024. Mayank Cattle Food IPO GMP Today is ₹9. The allotment for the Mayank Cattle Food IPO is expected to be completed on Thursday, February 1, 2024. Mayank Cattle Food IPO will be listed on BSE SME, with a tentative listing date of Monday, February 5, 2024. Mayank Cattle Food’s IPO price is ₹108 per share.
The minimum lot size for an application is 1200 shares. The minimum investment for retail investors is ₹129,600. The minimum investment for HNI is 2 lots (2,400 shares) worth ₹259,200. The company supplies products in Gujarat, Delhi, and Maharashtra. As of December 31, 2023, the company had 120 employees, 104 of them were workers.
Mayank Cattle Food IPO Details
| IPO Date | January 29, 2024 to January 31, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹19.44 Cr) |
| Fresh Issue | 1,800,000 shares (aggregating up to ₹19.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,600,000 |
| Share holding post issue | 5,400,000 |
| Market Maker portion | 90,000 shares |
Mayank Cattle Food Limited Financial Information
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,122.44 | 4,893.64 | 4,163.85 | 3,433.62 |
| Revenue | 7,527.15 | 30,958.14 | 32,300.17 | 18,652.89 |
| Profit After Tax | 57.37 | 131.43 | 79.92 | 71.81 |
| Net Worth | 533.37 | 475.99 | 344.56 | 264.63 |
| Reserves and Surplus | 173.37 | 455.99 | 324.56 | 244.63 |
| Total Borrowing | 3,788.35 | 3,961.00 | 3,163.53 | 2,531.49 |
| Amount in ₹ Lakhs | ||||
Mayank Cattle Food IPO Timeline
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Wednesday, January 31, 2024 |
| Basis of Allotment | Thursday, February 1, 2024 |
| Initiation of Refunds | Friday, February 2, 2024 |
| Credit of Shares to Demat | Friday, February 2, 2024 |
| Listing Date | Monday, February 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2024 |
Company Profile
Mayank Cattle Food Ltd, considered Public Limited Company established its in 1998 and deals in the cattle food, animal food, cattle feed cake, and edible oil. Apart from its production facility located in Rajkot, Gujarat, the company has cleverly invested in state-of-the-art machinery and technology. The facility contains about 8917 square meters of space. Nowadays, we have production capacity of our company of 22,896 MT for sunflower oil and 45,792 MT for sunflower cake on a yearly basis. On March, 2025, the factory made the forth installation to reach 181,263MT using Maize oil and 362,522MT for Maize cake yearly.
Similarly, in fiscal year 2021-22, the company increased its installed capacity for maize oil from 14,310 MT to 18,126 MT and for maize cake from 28,620 to 36,252 MT. These additions were intended to raise the scale of operations and strengthen the company’s market presence.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Mayank Cattle Food Limited |
| Phone number | +91 90333 33123 |
| Email ID | [email protected] |
| Website | mayankcattlefood.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Mayank Cattle Food IPO FAQs
When Mayank Cattle Food IPO will open?
The Mayank Cattle Food IPO opens on January 29, 2024 and closes on January 31, 2024.
What is the lot size of Mayank Cattle Food IPO?
Mayank Cattle Food IPO lot size is 1200 Shares, and the minimum amount required is ₹129,600.
When is Mayank Cattle Food IPO allotment?
The finalization of Basis of Allotment for Mayank Cattle Food IPO will be done on Thursday, February 1, 2024, and the allotted shares will be credited to your demat account by Friday, February 2, 2024.
When is Mayank Cattle Food IPO listing date?
The Mayank Cattle Food IPO listing date is not yet announced. The tentative date of Mayank Cattle Food IPO listing is Monday, February 5, 2024.
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