Mayank Cattle Food Limited IPO : Important Dates

Mayank Cattle Food Limited IPO is set to launch on 29 January, 2023. The company initiated its business operations in the year 1998. It is involved in the business of manufacturing Animal Food, Cattle Food, Edible Oil and Cattle Food Cake. Mayank Cattle Food Limited’s manufacturing facility is located in Rajkot, Gujarat and is spread across 87133 sq. ft. The products manufactured by the company are supplied to Delhi, Gujarat and Maharashtra. It has an employee base of 120 people and of them 104  are workers. 

Mayank Cattle Food Limited IPO DETAILS

Mayank Cattle Food Limited IPO is set to launch on 29 January, 2023. The subscription timeline extends till 31 January, 2023. The size for the IPO is 19.44 Crore Rs. Shares issued through fresh issue mode are worth Rs 19.44 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 108 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 Fixed Price Issue. The registrar for the company is Cameo Corporate Services Limited.

Tabular Description of Mayank Cattle Food Limited IPO 

Mayank Cattle Food Limited IPO : IMPORTANT DATES

Mayank Cattle Food Limited IPO begins for subscription from 29 January 2023. The IPO subscription would continue till 31 January, 2023. The allotment status for the shareholders who applied would come on 1 February, 2023. The refunds for the ones who did not get allotment would be initiated on 2 February, 2023. The DEMAT accounts of shareholders would be credited on 2 February, 2023. The listing of the company would be completed on 5 February, 2023.

Mayank Cattle Food Limited IPO : Lead Managers

The lead managers are :

• Finshore management Services Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 129600 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 259200 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Mayank Cattle Food Limited had an asset base of 3433 Lakh Rs in the year 2021. The asset base of the company increased to 4163 Lakh Rs in 2022. Mayank Cattle Food Limited’s asset base was 4893 Lakh Rs in the year 2023. The revenue of the company was 18652 Lakh Rs in 2021. This is more than 5 times of the company’s asset base. This increased to 32300 Lakh Rs in 2022. Thus the revenue has increased by almost 1.6 times in 1 year. 

The revenue for the year 2022 is again more than 7 times of the asset base in the year 2022. The revenue of the company decreased to 30958 Lakh Rs in 2023. The profit of the company was 71 Lakh Rs in 2021. This increased to 79 Lakh Rs in 2022. The profit of the company was 131 Lakh Rs in the year 2023.

PROS

• Mayank Cattle Food Limited’s manufacturing facility is located in Rajkot, Gujarat and is spread across 87133 sq. ft. 
• The products manufactured by the company are supplied to Delhi, Gujarat and Maharashtra. 
• It has an employee base of 120 people and of them 104 are workers. 

Mayank Cattle Food 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. Clicking the IPO section present in the ORDER tab.
2.   Click the Mayank Cattle Food Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. 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.