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. Macfos Limited IPO.
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Open Date | IPO Close Date |
| Feb 17, 2023 | Feb 21, 2023 |
| IPO Allotment Date | Initiation of Refunds |
| Feb 24, 2023 | Feb 27, 2023 |
| Credit of Shares to Demat Account | Listing Date |
| Feb 28, 2023 | Mar 1, 2023 |
| Minimum Investment | Maximum Investment |
| ₹ 122,400 / 1 Lots (1200 Shares) | ₹ 244,800 / 2 Lots (2400 Shares) |
| Price Range | Issue Size |
| ₹96 – ₹102 | ₹23.74Cr |
Investor category and sub category
Qualified Institutional Buyers| Non-Institutional Investors| Retail Individual Investors
Macfos IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions | 2.60 |
| Non-Institutional Buyers | 116.00 |
| Retail Investors | 122.43 |
| Employees | [.] |
| Others | [.] |
| Total | 58.56 |
Macfos IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 17, 2023 | 0.01 | 5.94 | 18.52 | 7.02 |
| Day 2 Feb 20, 2023 | 2.60 | 55.49 | 93.42 | 40.26 |
| Day 3 Feb 21, 2023 | 2.60 | 116.00 | 122.43 | 58.56 |
About Company
Macfos Ltd. is an e-commerce company with a website and a mobile application (Robu. in). The company operates a 7900 sq. ft. fulfillment center in Pune, Maharashtra, and also utilizes third-party logistics services. The company has seen over 83,000 customers placing orders over two lakhs in FY 2021-22 from 28 states and 6 Union Territories.
Some of the more famous clients of Macfos include M&M, HAL, Tata Power Solar Systems Ltd., Central Electronics Engineering Research Institute, Pilani, Bharat Forge Ltd., Tata Communications Ltd., Wipro Enterprises Pvt. Ltd., ONGC and Schneider Electric India Private Limited, etc.
The company promoters include Atul Maruti Dumre, Nileshkumar Purushottam Chavhan, and Binod Prasad.
Macfos Ltd. IPO Objective
The primary objective is for the selling shareholders to earn cash from the share sale.
Why should you invest in Macfos Ltd. IPO
- E-commerce is a growing industry in India, and its reach is spreading fast into tier-2 and tier-3 cities. Given the three-pronged increase of digitization of commerce and payments, increasing income, and preference to buy standardized products from online platforms, buying stocks of an e-commerce company is great.
- Many e-commerce companies get confused about what it is trying to sell. Unlike such companies, Macfos is trying to build a niche in a particular segment.
- Since e-commerce can always be a global business, the scope for growth of the company is immense.
- An increase in the company’s market cap will allow it to raise more capital and cash, allowing an India-based e-commerce platform to grow. This will allow Indian manufacturers to get better prices in Indian and global markets.
Macfos Ltd. noteworthy highlights
- Their e-bike parts category comprises over 100 items, including e-bike kits, motors & controllers, batteries, etc.
- Their drone parts category comprises over 850 items, including frames & accessories, flight controllers, transmitter & receiver, FPV Cameras, GPS and antennas, etc.
IPO Financials
| Period ending 30th Sept, 2022 | Period ending 31st March 2022 | Profit After Period ending 31st March, 2021 Tax | |
| Total Revenue | 36.05 cr | 55.87 cr | 27.33 cr |
| Restated Profit after Tax | 2.95 cr | 6.01 cr | 1.58 cr |
| Net increase/(decrease) in cash and cash equivalents | 74.04 lakhs | 81.73 lakhs | 15.01 lakhs |
| Current Ratio | 02:18 | 02:31 | 01:42 |
| Long term borrowings | 4.33 cr | 2.97 cr | 0.33 cr |
| Short term borrowings | 5.04 cr | 3.06 cr | 3.16 cr |
Know before investing
Strengths-
- An extensive and diverse portfolio of electronic equipment.
- Growing retail and business customers.
- Experienced promoters with domain knowledge.
Risks-
- The company depends on external vendors for sourcing its product requirements, which exposes it to risks beyond its direct influence. They depend on third-party data centers for hosting facilities and other service providers.
- The markets for hi-tech products like robots and drones change quite fast, and the company may be unable to keep up with the pace of change.
- Their revenues depend upon increasing the number of consumers of the products they sell – this is not easy to influence, especially in the case of niche electronic equipment.
#ipo #stockmarket #bitcoin #money #trading #forextrader #investment #wallstreet #stocks #entrepreneur #forex #trader #investor #investing #cryptocurrency #invest #business #daytrader #binaryoptions #forexsignals #profit #success #finance #wealth #makemoneyonline #forexlifestyle #forextrading #motivation #millionaire #entrepreneurship #daytrading #thrillingsecurities #thrilling