Macobs Technologies IPO is a book-built issue of Rs 19.46 crores. The issue is entirely a fresh issue of 25.95 lakh shares. Macobs Technologies operates in the male grooming industry, specializing in below-the-belt grooming products.
Macobs Technologies IPO opens for subscription on July 16, 2024, and closes on July 19, 2024. The allotment for the Macobs Technologies IPO is expected to be finalized on Monday, July 22, 2024. Macobs Technologies will be listed on NSE SME with the tentative listing date fixed as Wednesday, July 24, 2024.
Macobs Technologies IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
SKI Capital Services Limited is the book-running lead manager of the IPO of Macobs Technologies, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for the IPO of Macobs Technologies is SKI Capital Services.
Macobs Technologies IPO Details:
| Company Name | Macobs Technologies Limtied |
| Sector | Male Grooming |
| IPO Type | SME |
| IPO Open date | 16th July 2024 |
| IPO Close date | 19th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Macobs Technologies IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,20,000 |
| HNI (Min) | 2 | 3200 | 2,40,000 |
Macobs Technologies IPO Timeline:
| IPO Open Date | 16th July 2024 |
| IPO Close Date | 19th July 2024 |
| Basis of Allotment | 22nd July 2024 |
| Refund Initiation Date | 23rd July 2024 |
| Shares Credit to Demat | 23rd July 2024 |
| Listing Date | 24th July 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Macobs Technologies’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s male grooming industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Macobs Technologies and be a part of its growth. We will update our verdict once the IPO application window opens
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
