The Macpower CNC Machines date has been confirmed from March 12, 2018 and ended on March 14, 2018.
Macpower CNC Machines Developers IPO is a fixed price issue of Rs 36.61 crores. The price band is set at ₹126 to ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
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Bidding Dates
March 12-14
Price Range
₹126 to ₹140 per share
Face Value
₹10 per share
GMP
₹635.05
Macpower CNC Machines IPO GMP
The Macpower CNC Machines IPO GMP is ₹635.05.
IPO Overview
The Macpower CNC Machines IPO is a book-built offering for Rs 36.61 crores. The IPO auction for Macpower CNC Machines began on March 12, 2018 and closed on March 14, 2018. On March 22, 2018, the shares were listed on the NSE SME. The IPO price range for Macpower CNC Machines is set at 126 to 140 per share. A lot size of 1000 shares is required for an application. Retail investors must make a minimum commitment of ₹140,000.
During the six months ended September 30, 2017, they catered to over 178 customers with a total of 213 Machines and 236 customers with a total of 343 Machines in various sectors such as Automobile, Agriculture, Earth Moving Equipments, Bearings, General Engineering, Aerospace, Metal, Petroleum, Construction Industries, Defence, and PSUs.
Macpower CNC Machines IPO Details
| IPO Date | March 12, 2018 to March 14, 2018 |
| Listing Date | March 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹126 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,615,000 shares (aggregating up to ₹36.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 153,000 shares |
Macpower CNC Machines IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
Macpower CNC Machines IPO Listing Details
| Listing Date | March 22, 2018 |
| BSE Script Code | |
| NSE Symbol | MACPOWER |
| ISIN | INE155Z01011 |
| Final Issue Price | ₹140 per share |
Company Profile
Macpower CNC Machines Ltd was founded in 2003 and specialises in the production of CNC Turning Centres, Vertical Machining Centres, Horizontal Machining Centres, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centres, Drill Tap Centre, Twin Spindle VMC, and Multi Tasking, 5-axis, and sub spindle. Macpower also provides Robotic Automation that is integrated with CNC machines. CNC Machining is a manufacturing process that incorporates the use of computers to control machine equipment.The company imports numerous components and
parts from Taiwan, Germany, Japan, and Italy, such as spindles, ball screws, linear guide ways, linear glass scales, live tool turrets, live tool holders, probes, and CNC systems.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | info@macpowercnc.com |
| Website | linkintime.co.in |
Contact Details
| Name | Macpower CNC Machines Ltd |
| Phone number | +91-02827-287930 |
| Email ID | info@macpowercnc.com |
| Website | macpowercnc.com |
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.
