The Macfos date has been confirmed from February 17 and ended on February 21 .
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.
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Bidding Dates
February 17 – 21,2023
Price Range
₹96 to ₹102 per share
Face Value
₹10 per share
GMP
₹80
Macfos GMP
The Macfos IPO GMP is ₹[80].
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
Established in 2017, Macfos Limited operates primarily as an e-commerce enterprise. The company boasts an e-commerce website and a mobile application called Robu.in. Macfos Limited specializes in offering a wide array of electronic products, ranging from robotic parts, drone parts, and E-bike parts to IoT & Wireless items, 3D printers & parts, DIY learning kits, development boards, Raspberry Pi (Single board computers & Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays, and various other mechanical and electronic components. As of September 30, 2022, Macfos Limited has established connections with more than 140 overseas and domestic vendors to source electronic items and parts. Additionally, the
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.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Macfos Limited |
| Phone number | +91 022 68197600 |
| Email ID | cs@robu.in |
| Website | https://www.robu.in/ |
IPO Strenghts
- 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.
