Macfos Limited SME IPO Details – the subscription of Macfos IPO is opening on 17th February 2023. This IPO will be listed on the BSE SME exchange. According to the prospectus, the IPO consists of only an Offer for sale of up to 23,28,000 Equity Shares. There is no fresh issue in the IPO issue. The Equity Shares have a face value of Rs 10 each. The retail allocation is not less than 35% of the Offer of the total size.
Overview of Macfos Operations
Macfos Limited is in the business of selling 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, sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays and various other mechanical and electronic components.
Macfos limited presence in both online and offline channels to serve its customers. The company is reaching out to its customers through an e-commerce website and mobile application. Macfos serves its Corporates and large enterprise customers mainly through an offline channel. Some of the corporate customers 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.
- The company has a broad portfolio consisting of over +12,000 SKUs of electronics components and parts.
- Connected with over +140 overseas and domestic vendors for sourcing electronic items and parts.
- The company also has 3 owned brands manufactured/procured from third parties.
- Macfos has a dedicated fulfillment Centre in Pune, Maharashtra that comprises a 7,900 sq. ft. area.
- The company has a pan-India presence and served over 2 lakh orders from all 28 states of India and 6 Union Territories of India.
Macfos Limited Management Team
Atul Maruti Dumbre, Binod Prasad & Nileshkumar Purshottam Chavhan are the promoters of the company. Promoters collectively hold 66,26,550 Equity shares of the Company that represents 75% of the pre-issue paid-up Equity Share capital.
Atul Maruti Dumbre is the Chairman & Managing Director of the company for 3 years starting from January 2023.
Binod Prasad is the Chief Financial Officer and Whole-Time Director of the company for 3 years starting from January 2023.
Macfos Limited Revenue and Profit Margin
The revenue from operations of Macfos limited was Rs. 5551.47 lakhs of which 62.59% were from online mode and 37.41% were through an offline channel. The company has registered growth in revenue over the last three years from INR 1,621.81 in FY 2020 to INR 5,551.47 in FY 2022. Macfos limited also recorded a strong profit after tax from INR 32.97 lakh in FY 2022 to INR 601.27 in FY 2022.
Financial Snapshot of Macfos IPO
| All amounts in INR Lakhs | |||
| (Year ended March 31) | 2020 | 2021 | 2022 |
| Revenue Operation | 1,621.81 | 2,711.92 | 5,551.47 |
| Total Revenue | 1,622.16 | 2,733.76 | 5,587.07 |
| Profit/(Loss) for the Year | 32.97 | 158.31 | 601.27 |
| EBITDA | 127.83 | 273.57 | 873.14 |
| Earnings per Share (EPS) | 0.38 | 1.82 | 6.81 |
| Net Cash from Operating Activities | 47.84 | 30.07 | (45.63) |
| RoE(%) | 87.08 | 87.17 | 98.36 |
| RoCE (%) | 6.79 | 23.96 | 39.68 |
| Return on Net Worth (%) | 62.74 | 50.96 | 65.93 |
Objective Behind the Macfos SME IPO
- Out of the net proceeds of this IPO, the company will not get any amount since it is a complete offer for sale. Promoters and promoter groups will receive the net proceeds from this IPO.
Macfos Limited SME IPO Details
| Macfos Limited SME IPO Details | Macfos IPO Date, Price and other details |
| Opening Date | Feb 17, 2023 |
| Closing Date | Feb 21, 2023 |
| IPO Price | ₹96 to ₹102 per share |
| IPO Allotment date | Feb 24, 2023 |
| Refunds Initiation date | Feb 27, 2023 |
| Credit of Shares to Demat Account | Feb 28, 2023 |
| Patron Exim IPO Listing Date | Mar 1, 2023 |
| IPO Issue Size Offer for Sale | 2,328,000 shares of ₹10 (aggregating up to ₹23.74 Cr) |
| IPO Issue Size (Fresh Issue) | Nil |
| Minimum bid (lot size) For retail investor | 1200 Shares (₹122,400) |
| Retail Shares Offered | 35% of the Net Issue |
| HNI (Min) | 2400 Shares (₹244,800) |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Face Value | INR 10 per share |
| Listing on | BSE SME |
| Promoters | Atul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan |
Macfos IPO: Lead Managers and Contact Details
| Contact Details | Lead Managers |
| S. No. 78/1, Sumant Building, Dynamic Logistics Trade Park, Dighi, Bhosari Alandi Road, Pune – 411-015, Maharashtra Tel No: +91-022-68197600; E-mail – cs@robu.in www.robu.in | 1. HEM SECURITIES LIMITED |
Macfos SME IPO Allotment Status
Macfos SME IPO Allotment status will be available on BIGSHARE SERVICES PRIVATE LIMITED website. To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to Tel. No.: +91 22 62638200, E-mail: ipo@bigshareonline.com
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