Macfos IPO GMP Price, Date, Review Details – IPO Upcoming

The Macfos date has been confirmed from February 17 and ended on February 21 . Read the post to learn about Macfos IPO GMP.

Macfos IPO, valued at Rs 23.74 crores, is a book built issue consisting of 23.28 lakh shares that are being offered for sale. The bidding for Macfos IPO commenced on February 17, 2023, and concluded on February 21, 2023. The allotment process for Macfos IPO was finalized on Friday, February 24, 2023. Subsequently, the shares were listed on BSE SME on March 1, 2023. The Macfos IPO GMP Today is ₹[80].

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Key Details Of Macfos IPO :

Macfos GMP

The Macfos IPO GMP Today is ₹[80].

Macfos IPO Overview​

The price range for Macfos IPO has been established at ₹96 to ₹102 per share. Retail investors are required to apply for a minimum lot size of 1200 shares, which translates to a minimum investment of ₹122,400. On the other hand, High Net Worth Individuals (HNIs) need to invest in 2 lots, equivalent to 2,400 shares, with a total amount of ₹244,800.

The company has a 7900-square-foot fulfillment center in Pune, Maharashtra, and it also uses third-party logistics services. Over 83,000 clients from 28 states and 6 union territories placed orders totaling over 2 lakhs in FY 2021–22, according to the business. M&M, HAL, Tata Power Solar Systems Ltd., Central Electronics Engineering Research Institute, Pilani, Bharat Forge Ltd., Tata Communications Ltd., Wipro Enterprises Pvt. Ltd., ONGC, and Schneider Electric India Private Limited are among Macfos’ more well-known

Macfos IPO Details

IPO Date	February 17, 2023 to February 21, 2023
Listing Date	March 1, 2023
Face Value	₹10 per share
Price Band	₹96 to ₹102 per share
Lot Size	1200 Shares
Total Issue Size	2,328,000 shares (aggregating up to ₹23.74 Cr)
Offer for Sale	2,328,000 shares of ₹10 (aggregating up to ₹23.74 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Market Maker portion	116,400 shares

Macfos IPO Market Lot

The minimum requirement for investors to bid is 1200 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment for both retail investors and high net worth individuals (HNI) in terms of shares and monetary value.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹122,400
Retail (Max)	1	1200	₹122,400
HNI (Min)	2	2,400	₹244,800

Macfos Ltd. Company Financials

	Period ending 30th Sept, 2022	Period ending 31st March 2022	Profit After Period ending 31st March, 2021 Tax
Total Revenue	36.05 cr	55.87 cr	27.33 cr
Restated Profit after Tax	2.95 cr	6.01 cr	1.58 cr
Net increase/(decrease) in cash and cash equivalents	74.04 lakhs	81.73 lakhs	15.01 lakhs
Current Ratio	2:18	2:31	1:42
Long term borrowings	4.33 cr	2.97 cr	0.33 cr
Short term borrowings	5.04 cr	3.06 cr	3.16 cr

Company Profile​

company possesses a portfolio of three proprietary brands, which are either manufactured or procured from third-party suppliers.

Macfos Limited operates a fulfillment center in Pune, Maharashtra, spanning an area of 7,900 square feet. This facility is equipped with third-party logistics services. Over the years, the company has successfully fulfilled more than 200,000 orders placed by over 83,000 customers through its website, mobile application, and direct channels.

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.
• We need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Macfos FAQs