Macfos IPO

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, 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 nameMacfos Limited 
Company Website

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 date17 February 2023
IPO Closing21 February 2023
Basis of Allotment24 February 2023
Initiation Refund27 February 2023
Credit to Demat Account28 February 2023
Listing Date01 March 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹23.74 Cr – 2,328,000 shares
Fresh IssueNil
Offer for sale₹23.74 Cr – 2,328,000 shares
Face value₹10 per share
Price Band₹96 to ₹102 per share
Lot size1200 Shares
Market Maker portion116,400 shares
Retail Allocation35%
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11200₹122,400
Retail (Max)11200₹122,400
HNI (Min)22,400₹244,800

Reservation Details

QIB Shares Offered50% of the Net Offer
NII (HNI) Shares Offered15% of the Net Offer
Retail Shares Offered35% of the Net Offer

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income32.97158.31601.27295.85
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio14.09 – 14.98
RONW (%)62.7450.9665.93
ROCE (%)6.7923.9639.68
EBITDA (%)7.8810.0915.73

Company Promoters

  • Atul Maruti Dumbre.
  • Binod Prasad.
  • Nileshkumar Purshottam Chavhan.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.65%

Lead Manager(s)

  • Hem Securities Limited

IPO Registrar

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

Contact Details

S. No. 78/1, Sumant Building,
Dynamic Logistics Trade Park, Dighi,
Bhosari Alandi Road, Pune, Maharashtra, 411015
Phone: +91-20-68197600

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

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