Macfos Limited IPO launches on February 17 and closes on February 21, 2023. Check IPO and Company details here

Macfos Limited will launch its IPO on February 17 and close on February 21, 2023.

Macfos Limited IPO launches

Macfos Ltd IPO will open for subscription on February 17, 2023. It will have an initial share sale ending on February 21, 2023. Its price band has been fixed at Rs. 96-102/share and is an SME issue. It will have 2,328,000 equity shares at Rs. 10 face value, totaling Rs. 24 crores. The Offer will have an OFS (Offer for sale) by the shareholders willing to sell. The company said in its documents that the shareholders would receive the entire proceeds from the OFS, and none of it would go to the company. We expect the company's shares to list on March 1, 2023, on BSE SME. The registrar for the issue will be Bigshare Services Pvt Ltd. 

Also Read: What is IPO flipping? 

Summary of Macfos Limited Financials

  • Its liabilities decreased by 100%
  • Its total assets increased by 100%
  • Its EBITDA decreased by 100%
  • Its net worth decreased by 100%
  • Its turnover/revenue is under Rs. 1 crore

Macfos IPO Details

Macfos IPO DetailsMacfos IPO Details

About Macfos Limited

Macfos Limited has its base in Pune and is an e-com company. It markets over 12,000 electric components via its mobile app and website "Robu.in." The company helps facilitate product R&D speeding and the prototyping cycle. Basic and more complex engineering projects and products use the company's products like IoT, Auto-guided vehicles, 3D printing, Electric Vehicles, Drone, Automation, Robotics, etc. The company's promoters are Nileshkumar Purshottam Chavhan, Binod Prasad, and Atul Maruti Dumbre. 

Also ReadThese 3 IPOs are heating up the market. 

The company served over 80,000 customers in FY21-22 in 10153 pin codes and over 2.05 lac orders. Their customers include developers, researchers, educational institutions, engineering and mechanical students, electrical students, and Corporate clients. 

NEWSLETTER

Related Article

Premium Articles