The Mayank Cattle Food date has been confirmed from January 29, 2024 and closes on January 31, 2024.
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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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. 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 Limited, incorporated in 1998, is an oil company that manufactures cattle food, animal food, cattle food cake, and edible oil. The company has a production facility in Rajkot, Gujarat, which is equipped with cutting-edge machinery and technology. The facility has an area of about 87,133 square feet. The company now has an annual production capacity of 22,896 MT for maize oil and 45,792 MT for maize cake. In the fiscal year 2023-24, the company increased its installed capacity for maize oil from 18,126 MT per year to 22,896 MT per year, and
for maize cake from 36,252 MT to 45,792 MT per year. 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 | ipo@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Mayank Cattle Food Limited |
| Phone number | +91 90333 33123 |
| Email ID | cs@mayankcattlefood.com |
| Website | mayankcattlefood.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.
