Macobs Technologies Limited is launching an IPO consisting of a fresh issue of 25,95,200 shares worth INR 19.46 crores. The company aims to enhance customer acquisition, repay debts, meet working capital needs, and general corporate purposes.
Macobs Technologies IPO – Important Dates
| Macobs Technologies Limited IPO Date | July 16, 2024 to July 19, 2024 |
| Macobs Technologies Limited IPO Listing Date | July 24, 2024 |
| Macobs Technologies Limited IPO Price | INR 71-75 per share |
| Macobs Technologies Limited IPO Lot Size | 1600 shares |
| Macobs Technologies Limited IPO Total Issue Size | INR 19.46 crores |
| Macobs Technologies Limited IPO Basis of Allotment | July 22, 2024 |
| Macobs Technologies Limited IPO Initiation of Refunds | July 23, 2024 |
| Macobs Technologies Limited IPO Credit of Shares to Demat | July 23, 2024 |
| Macobs Technologies Limited IPO Issue Type | Book Built Issue IPO |
| Macobs Technologies Limited IPO Listing At | NSE SME |
Macobs Technologies Limited IPO – Company Profile
Macobs Technologies Limited operates in the male grooming industry, specializing in below-the-belt grooming. They conduct business exclusively via e-commerce at https://menhood.in/, addressing a market gap in personal care discussions.
The product range includes specialized trimmers, hygiene products, and self-care items for men, emphasizing innovation, safety, and effectiveness to meet unique male grooming needs, particularly for sensitive areas.
Dedicated to educating and changing perceptions about male grooming, the company uses online platforms to promote awareness, engage customers, and meet evolving needs through content creation, digital engagement, and feedback mechanisms.
Macobs Technologies Ltd IPO Fundamental Analysis
Macobs Technologies Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased significantly, with consistent equity and liability growth, improved profitability, higher EPS, increased RoNW, more robust liquidity, and a decreased Inventory Turnover Ratio.
- Revenue Trend: The revenue increased from ₹601.29 lakhs in March 2022 to ₹1,478.08 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 2,061.79 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹38.89 lakhs in March 2022 to ₹221.27 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.78 in March 2022 to ₹4.43 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 97.23% to 22.52%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Macobs Technologies IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 601.29 | 1,478.08 | 2,061.79 |
| Equity (₹ in lakhs) | 40.00 | 244.5 | 982.77 |
| Expenses (₹ in lakhs) | 549.11 | 1,208.70 | 1,775.71 |
| Profit and Loss After Tax (₹ in lakhs) | 38.89 | 204.50 | 221.27 |
| Diluted EPS only (₹) | 0.78 | 4.10 | 4.43 |
| Return on Net Worth (%) | 97.23 | 83.64 | 22.52 |
| NAV per Equity Share (₹) | 0.56 | 3.40 | 13.65 |
| Total Assets (in lakhs) | 152.51 | 595.05 | 1,443.44 |
| Total Liabilities (in lakhs) | 112.51 | 350.55 | 460.67 |
| Debt Equity Ratio | 0.52 | 0.44 | 0.25 |
| Current Ratio (in times) | 1.32 | 1.35 | 3.03 |
| Inventory Turnover Ratio | 5.76 | 6.72 | 3.38 |
Macobs Technologies Limited IPO Peer Comparison
Macobs Technologies Limited’s IPO peers include FSN ECommerce Ventures Ltd and Honasa Consumer Ltd. FSN has a P/E ratio of 1,518 with a revenue of ₹6,386 lakhs, while Honasa shows a P/E ratio of 143 and revenue of ₹1,764 lakhs.
| Company | Current Price (₹ in lakhs) | Revenue (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Macobs Technologies Limited | – | 20.62 | – | – | – | – |
| FSN ECommerce Ventures Ltd | 172.99 | 6,386 | 1,518 | – | – | – |
| Honasa Consumer Ltd | 502.00 | 1,764 | 143 | – | – | – |
Macobs Technologies Ltd IPO Objective
The main objective of Macobs Technologies Limited is to enhance customer acquisition, repay borrowings, and meet working capital requirements.
- Customer Acquisition—Marketing & Awareness: In FY 2025, the company intends to use INR 2.00 crores from Net Proceeds to fund sales and marketing, focusing on customer acquisition, brand awareness, and achieving the best ROAS for revenue growth.
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the company: The company plans to utilize INR 1.50 crores from the Net Proceeds for repayment or prepayment of certain borrowings, reducing indebtedness, improving the debt-equity ratio, and enabling further investment in business growth.
- Working Capital Requirements: Addressing a niche market need, the company allocates INR 12.00 crores from IPO proceeds to reinforce its supply chain, support inventory, and expand operationally to ensure the availability of innovative grooming essentials for men.
- General Corporate Purpose: The company will balance funds towards general corporate purposes, including strategic initiatives, strengthening marketing capabilities, addressing exigencies, and brand-building exercises to enhance operations and support growth.
Macobs Technologies IPO Risks And Challenges
Macobs Technologies Limited’s risk includes dependence on Chinese imports, lease renewal uncertainties, and reliance on e-commerce platforms, which exposes it to geopolitical, legal, and financial challenges that could impact costs, operations, and profitability.
- Dependence on Chinese electronics imports exposes the company to geopolitical and foreign exchange risks, including trade restrictions, supply disruptions, and fluctuating currency rates, which could increase costs and affect profit margins and operations.
- They cannot guarantee future lease renewals on favorable terms or obtain alternative premises, which could disrupt operations and incur costs. Additionally, lease deeds might be inadequately registered, potentially leading to legal issues and penalties.
- Heavy reliance on major e-commerce platforms and digital media marketing limits their negotiating power, making them vulnerable to changes in terms, fees, and policies that could impact profitability, sales, and operational costs.
Macobs Technologies Ltd IPO – Industry & Market Potential
Driven by the ‘Digital India’ program, internet connections have surged to 830 million, smartphones to 1 billion by 2026, and e-commerce is projected to reach US$ 350 billion by 2030, with significant growth in D2C and B2B sectors.
India’s consumer digital economy, driven by e-commerce and tech, is expected to reach US$1 trillion by 2030. E-commerce will grow to US$163 billion by 2026, and GMV will increase to US$60 billion in FY23.
With technology-driven advancements and initiatives like ONDC, India’s e-commerce sector is poised to become the world’s second-largest by 2034. It will see substantial growth in online shoppers, e-retail, and social commerce GMV.
Macobs Technologies Limited IPO – Type of Offer
Macobs Technologies Limited is launching an IPO consisting of a fresh issue of 25,95,200 shares worth INR 19.46 crores. The company aims to enhance customer acquisition, repay debts, meet working capital needs, and general corporate purposes.
Macobs Technologies IPO Offer Size
The offer size of Macobs Technologies Limited is INR 19.46 crores, consisting of a fresh issue of 25,95,200 shares. The company seeks funds to enhance customer acquisition, repay debts, meet working capital needs, and general corporate purposes.
Macobs Technologies Limited IPO Allotment Structure
Macobs Technologies Limited’s allocation will be as follows: 30% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 131,200 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 30% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 131,200 shares, are reserved for marker makers.
How to apply for a Macobs Technologies Limited IPO?
To apply for the Macobs Technologies Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Macobs Technologies Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Macobs Technologies Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Macobs Technologies Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Macobs Technologies Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Macobs Technologies Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Macobs Technologies Limited IPO:
● Registrar’s Website: Visit the website of Maashitla Securities Private Limited, the registrar of the Macobs Technologies Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Macobs Technologies Limited Ltd IPO Offer Registrar
The registrar for the Macobs Technologies Limited IPO is Maashitla Securities Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura,
Delhi – 110034
Tel No: +91 -11-4512-1795;
Email: [email protected]
Website: https://www.maashitla.com/
Macobs Technologies Limited Limited IPO – FAQs
The allotment date of the Macobs Technologies Limited IPO is July 22, 2024.
The price band of the issue is INR 71-75 per share.
The offer size of Macobs Technologies Limited is INR 19.46 crores, consisting of a fresh issue of 25,95,200 shares. The company seeks funds to enhance customer acquisition, repay debts, meet working capital needs, and general corporate purposes.
The listing date of Macobs Technologies Limited’s IPO is July 24, 2024.
