Macfos IPO will open for subscription from 17 February 2023. the company aims for an issue size of ₹23.74 Cr through this IPO.
About Company
Incorporated in 2017, Macfos Limited is primarily an e-commerce company. The company has an e-commerce website and mobile application, Robu.in. The company sells a broad range of electronic items, including robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printers & parts, DIY learning kits, development boards, Raspberry Pi (Single board computers& Peripherals), sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components.
As on September 30, 2022, Macfos Limited is connected with over +140 overseas and domestic vendors for sourcing electronic items and parts. The company also has a portfolio of 3 owned brands, which are manufactured/procured from third parties. It has a fulfillment Centre in Pune, Maharashtra comprising of 7,900 sq. ft. area and third-party logistics services. The company has served over 2 lakh orders placed by over 83,000 consumers on the website, mobile application, and directly In F.Y. 2021-22, the company has served over 2 lakh orders from all 28 states of India and 6 Union Territories of India.
Some of the esteemed customers which have been served by the company include ONGC, M&M, Hindustan Aeronautics Ltd., Tata Power Solar Systems Ltd., Central Electronics Engineering Research Institute, Pilani, Wipro Enterprises Pvt. Ltd., Bharat Forge Ltd., Tata Communications Ltd., Schneider Electric India Private Limited, etc.
Basic details about the company
| Full name | Macfos Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://robu.in/ |
The objective of the Issue
- The Selling Shareholders will be entitled to the entire proceeds of the Offer.
Major Competitive strengths
- Wide range of product portfolio.
- Established physical presence.
- Good customer relationship.
- Experienced management team.
IPO Timetable
| IPO Opening date | 17 February 2023 |
| IPO Closing | 21 February 2023 |
| Basis of Allotment | 24 February 2023 |
| Initiation Refund | 27 February 2023 |
| Credit to Demat Account | 28 February 2023 |
| Listing Date | 01 March 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹23.74 Cr – 2,328,000 shares |
| Fresh Issue | Nil |
| Offer for sale | ₹23.74 Cr – 2,328,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹96 to ₹102 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 116,400 shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
| HNI (Min) | 2 | 2,400 | ₹244,800 |
Reservation Details
| QIB Shares Offered | 50% of the Net Offer |
| NII (HNI) Shares Offered | 15% of the Net Offer |
| Retail Shares Offered | 35% of the Net Offer |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 1,621.81 | 2,711.92 | 5,551.47 | 3,578.12 |
| Expenses | 1,580.54 | 2,521.89 | 4,782.23 | 3,206.78 |
| Net income | 32.97 | 158.31 | 601.27 | 295.85 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.38 | 1.82 | 6.81 |
| PE ratio | – | – | 14.09 – 14.98 |
| RONW (%) | 62.74 | 50.96 | 65.93 |
| NAV | 0.60 | 3.56 | 10.32 |
| ROCE (%) | 6.79 | 23.96 | 39.68 |
| EBITDA (%) | 7.88 | 10.09 | 15.73 |
| Debt/Equity | 8.24 | 1.13 | 0.66 |
Company Promoters
- Atul Maruti Dumbre.
- Binod Prasad.
- Nileshkumar Purshottam Chavhan.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
Lead Manager(s)
- Hem Securities Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
MACFOS LIMITED
S. No. 78/1, Sumant Building,
Dynamic Logistics Trade Park, Dighi,
Bhosari Alandi Road, Pune, Maharashtra, 411015
Phone: +91-20-68197600
E-mail: cs@robu.in
Website: www.robu.in
Allotment Status
Macfos IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Macfos IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
