Macfos IPO To Open This Week: Check GMP, Price Band And Other Details Here

Pune (Maharashtra) [India], February 15: The Pune-based e-commerce company Macfos Limited provides a wide variety of more than 12000 electrical components through its website and mobile app Robu. in. It makes it easier to accelerate the product prototype and R&D cycles. Products from the company are utilized in engineering projects and products, including those using cutting-edge technologies like the IoT, robotics, automation, drones, electric vehicles, 3D printing, and auto-guiding vehicles. The public subscription window for Macfos Ltd’s initial public offering (IPO) will commence this week on Friday, February 17, 2023, and the initial share offering will end on Tuesday, February 21, 2023. On March 1, 2023, the company’s shares are anticipated to debut on BSE SME. The registrar for the offering is Bigshare Services Pvt Ltd.

An SME issue, the Macfos IPO comprises 2,328,000 equity shares with a face value of Rs 10 aggregating up to Rs 23.74 crore. The price range for the offer, however, has been set at Rs. 96 to Rs. 102 per share. Hem Securities Ltd is the IPO Lead Manager, also known as Book Running Lead Manager or BRLM for Macfos IPO.

Before being listed on stock exchanges, initial public offering (IPO) shares are traded at a premium rate known as the “grey market premium,” or GMP. The GMP, or premium offered over the initial public offering price, is known as GMP. According to the grey market or unofficial/unregulated market, the latest Macfos IPO GMP today is Rs 60 recorded on Feb 15th, 2023 09:10 AM. Considering the price range of 102, the Macfos SME IPO’s expected listing price is Rs 162, which incorporates the maximum cap price and the current GMP. As a result, an upside premium of 58.82% is anticipated for the estimated gain per share.

The minimum market lot for the Macfos IPO is 1 lot with 1200 shares and an initial amount of Rs 122,400. Retail investors may submit up to 1 lot of 1200 shares or amounts of Rs 122,400. The total reservation of Macfos IPO has been fixed at 23,28,000 shares of which 1,16,400 shares are categorized for anchor investors, 11,04,000 for Institutional Investors or Qualified Institutional Investors (QIIs), 3,32,400 shares for Non-institutional Investors (NIIs) and 7,75,200 for Retail Individual Investors (RIIs).

The company’s customer base includes corporate clients and retail clients like electrical and mechanical engineering students, educational institutions, researchers, and developers. In FY21–22, Macfos served 80,000+ customers from 10153 pin codes through 2.05 lac Orders.

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Business

O.P. Jindal’s (Omprakash Jindal) Industrial Revolution: A Legacy of Innovation and Growth

New Delhi [India], February 14: India, with its rich history of entrepreneurship and industrial growth, has seen several figures who played pivotal roles in shaping its economic landscape. Among them, Omprakash Jindal stands out as a visionary whose innovations not only transformed the Indian industry but also laid the foundation for its global footprint. A […]

Read More
Business

Sheth Realty’s Subvention Scheme at Promont Offers a Seamless Path to Homeownership

Mumbai (Maharashtra) [India], February 14: Sheth Realty, known for delivering quality residential projects, has announced a Developer Subvention Scheme for its new premium towers at Promont, Sion – BKC Connector. A move set to ease the home buying process further, Sheth Realty’s latest scheme allows buyers to book their apartments at Promont by paying just […]

Read More
Business

Texas Smokehouse secures funding, set to open 100 outlets in its first phase of expansion in India

Chandigarh [India], February 14: Texas Smokehouse, India’s first-ever smoked chicken QSR brand, is making bold moves to disrupt the country’s fast-food industry. Yummify Foods & Beverages Pvt Ltd, the parent company of Texas Smokehouse, has raised undisclosed funding in a pre-seed round. The founder, Isht Sethi, has announced an aggressive expansion plan of 100 outlets; […]

Read More