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Macobs Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 113,600 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    24 Jul 2024

  • Listing Price

    ₹ 96.00

  • Listing Change

    -

  • Last Traded Price

    ₹ 99.10

IPO Details

  • Open Date

    16 Jul 2024

  • Close Date

    19 Jul 2024

  • IPO Price Range

    ₹ 71 to ₹ 75

  • IPO Size

    ₹ 18.43 - 19.46 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    24 Jul 2024

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IPO Timeline

Last Updated: 19 July 2024 6:33 PM by 5Paisa

Macobs Technologies IPO is set to open on 16 July 2024 and will close on 19 July 2024. The company operates exclusively within the male grooming industry.

The IPO includes a fresh issue of 25,95,200 shares aggregating up to ₹19.46 Cr. The price range is ₹71 to ₹75 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 22 July 2024. It will go public on NSE SME, with a tentative listing date of 24 July 2024.

SKI Capital Services Ltd is the book-running lead manager, while Maashitla Securities Private Ltd is the registrar. 

Objectives Of Macobs Technologies IPO

1. Customer Acquisition - Marketing & Awareness
2. Prepayment or repayment of a portion of certain outstanding borrowings
3. Working Capital Requirements
4. General corporate purposes
5. To meet the Issue expenses

Macobs Technologies IPO Size

Types Size (₹Cr)
Total IPO size 19.46
Offer for sale -
Fresh issue 19.46

Macobs Technologies IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹120000
Retail (Max) 1 1600 ₹120000
S-HNI (Min) 2 3,200 ₹240000

Operating exclusively within the male grooming industry, Macobs Technologies  specializes in the niche area of below-the-belt grooming. The company conducts its business entirely through e-commerce channels, particularly via its website https://menhood.in/, without maintaining physical stores or traditional retail outlets. This strategic focus addresses a significant market gap, especially in regions where discussions around male personal care are often limited.

It offers a diverse range of products specifically designed for men's grooming needs, including specialized trimmers for sensitive areas, hygiene products tailored for male skin, and various self-care items. 

These products are developed with a strong commitment to innovation, safety, and effectiveness, catering to the unique requirements of their target demographic.

Beyond its product offerings, it is dedicated to educating and changing societal perceptions about male grooming. The company leverages online platforms to create and share content that promotes awareness and fosters open conversations on traditionally taboo topics. 

This approach is deeply customer-centric, focusing on understanding and meeting the evolving needs of its consumers through digital engagement and feedback mechanisms.

For More Information
Webstory on Macobs Technologies IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 20.75 14.83 6.02
EBITDA 2.99 2.74 3.27
PAT 2.21 2.05 0.53
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 14.43 5.95 1.53
Share Capital 7.20 0.01 0.01
Total Borrowings 2.59 1.07 0.21
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities p-2.27 -0.34 0.54
Net cash from / (used in) investing activities -0.63 -0.03 -0.24
Net cash flow from / (used in) financing activities 6.17 0.71 0.16
Net increase (decrease) in cash and cash equivalents 3.28 0.34 0.46


Strengths

1. Macobs Technologies specializes in below-the-belt grooming for men, addressing a significant market gap.
2. The company operates exclusively through its website, maximizing reach and customer engagement.
3. Macobs Technologies ensures high safety and effectiveness standards.
4. The company continually evolves its offerings to meet the specific needs.

Risks

1. The male grooming market is becoming increasingly competitive.
2. Exclusive reliance on online sales channels can be a risk.
3. Societal perceptions about below-the-belt grooming for men may remain resistant.
4. Continuous need for product innovation to stay ahead of competitors.

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FAQs

Macobs Technologies IPO opens from 16th July to 19th July 2024.

The size of Macobs Technologies IPO is ₹19.46 Cr.

The price band of Macobs Technologies IPO is fixed at ₹71 to ₹75 per share. 

To apply for Macobs Technologies IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Macobs Technologies IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Macobs Technologies IPO is 1600 shares and the investment required is ₹1,20,000.

The share allotment date of Macobs Technologies IPO is 22nd July 2024

The Macobs Technologies IPO will be listed on 24th July 2024.

SKI Capital Services Limited is the book-running lead manager for Macobs Technologies IPO.

Macobs Technologies plans to utilize the raised capital from the IPO for:

Customer Acquisition - Marketing & Awareness
Prepayment or repayment of a portion of certain outstanding borrowings
Working Capital Requirements
General corporate purposes
To meet the Issue expenses