Macfos Limited IPO : Highlights

Macfos Limited IPO is set to launch on 16 Feb, 2023. The company initiated its business operations in 2017. It has an e-commerce website known as robu.in. The company sells a lot of electronic products through it. Its product portfolio includes products such as DIY Learning kits, robotic parts, development boards, drone parts, 3d printers and parts, E-bike parts, Raspberry Pi, IoT and Wireless items, motor drivers, sensors, motors, chargers, pumps, electronic modules, batteries, etc.

It has a network of more than 140 domestic as well as international vendors for sourcing of electronic parts. Its fulfilment centre is located in Pune with an area of 7900 Sq Ft. It has already processed 2 Lakh plus orders to 83000+ customers. 

Some of its customers include ONGC, Tata Power Solar Systems Limited, Hindustan Aeronautics Limited, Pilani, Central Electronics Engineering research Institute, Bharat Forge, Wipro Enterprises Limited, Schindler electric India Private Limited, Tata Communications Limited etc.

Macfos Limited IPO DETAILS

Macfos Limited IPO is set to launch on 17 Feb., 2023. The subscription timeline extends till 21 Feb, 2023. The size for the IPO is 23.74 Crore Rs. Shares issued through offer for sale are worth 23.74 Crore Rs. No Shares are issued through fresh issue mode. The lot size is 1200 shares and the price is 96 to 102 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Macfos Limited IPO

IPO OPENING DATE	17 Feb., 2023
CLOSING DATE FOR IPO	21 Feb, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	96 to 102 Rs. per share
LOT SIZE	1200 shares
MINIMUM ORDER QUANTITY	1200 shares
ISSUE SIZE	23.74 Crore Rs.
OFFER FOR SALE	23.74 Crore Rs.
FRESH ISSUE	No shares are issued through fresh issue mode.
LISTING AT	BSE SME
LISTING DATE	1 March, 2023

Macfos Limited IPO : IMPORTANT DATES

IPO OPENING DATE	16 Feb., 2023
CLOSING DATE FOR IPO	21 Feb, 2023
IPO ALLOTMENT DATE	24 Feb, 2023
REFUNDS	27 Feb, 2023
DEMAT A/C CREDITED ON	28 Feb, 2023
IPO LISTING DATE	1 March, 2023

Macfos Limited IPO begins for subscription from 16 Feb., 2023. The IPO subscription would continue till 21 Feb, 2023. The allotment status for the shareholders who applied would come on 24 Feb, 2023. The refunds for the ones who did not get allotment would be initiated on 27 Feb, 2023. The DEMAT accounts of shareholders would be credited on 28 Feb, 2023. The listing of the company would be accompanied on 1 March 2023.

Macfos Limited IPO : Lead Managers

The lead managers are :

• Hem Securities Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to  122400 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 244800 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1200 shares	122400 Rs.
Maximum	2400 shares	244800 Rs.

OBJECTIVES FOR THE IPO

• The selling shareholders will be receiving all the benefits of the Issue.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	624	941	2047
Revenue	1622	2734	5588
PAT	32	159	601

Macfos Limited has an asset base of 624 Lakh Rs in 2020 which increased to 941 Lakh Rs in 2021 and 2047 Lakh Rs in 2022. The revenue of the company was 1622 Lakh Rs in 2020 which increased to 2734 Lakh Rs in 2021 and 5588 Lakh Rs in 2022. The profits of the company were 32 Lakh Rs in 2020, 159 Lakh Rs in 2021 and 601 Lakh Rs in 2022. The financial performance of the year 2022 has been outstanding for the company. Overall the financial figures of the company have been constantly increasing for the last 3 years.

PROS

• The company has a wide product portfolio. Its product portfolio includes products such as DIY Learning kits, robotic parts, development boards, drone parts, 3d printers and parts, E-bike parts, Raspberry Pi, IoT and Wireless items, motor drivers, sensors, motors, chargers, pumps, electronic modules, batteries, etc.
• Macfos Limited has a network of more than 140 domestic as well as international vendors for sourcing of electronic parts. Its fulfilment centre is located in Pune with an area of 7900 Sq Ft. It has already processed 2 Lakh plus orders to 83000+ customers.
• Some of its customers include ONGC, Tata Power Solar Systems Limited, Hindustan Aeronautics Limited, Pilani, Central Electronics Engineering research Institute, Bharat Forge, Wipro Enterprises Limited, Schindler electric India Private Limited, Tata Communications Limited etc.

CONS

• The company works in a highly competitive segment.

Macfos Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Macfos Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.