Macobs Technologies Limited
IPO Details
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₹14(18.67%)
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Macobs Technologies Limited's has transitioned to a publicly listed entity following its IPO debut on Jul 24, 2024 at the NSE exchange. The public offering successfully raised 25,95,200 Shares, consisting of 25,95,200 Sharesin new capital.
The IPO featured a competitive price range of ₹71 to ₹75 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between Jul 16, 2024 and Jul 19, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Jul 22, 2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2019, Macobs Technologies Limited specializes in male grooming products, offering trimmers for sensitive areas, hygiene products, briefs, and self-care items. Operating exclusively through its e-commerce platform, https://menhood.in/, the company targets niche markets with a focus on men's under-the-belt grooming while leveraging online retail for efficiency. Macobs emphasizes customer engagement, sustainability through eco-friendly packaging, and educational initiatives to reshape societal views on male grooming. The company employs 15 full-time staff dedicated to product quality and customer service.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Partnerships: Collaborations with key e-commerce agencies help expand market reach and improve efficiency.
- Smooth Operations: Streamlined systems and processes across all departments ensure seamless day-to-day functioning.
- Tech-Driven Expertise: Advanced technology combined with a skilled team delivers innovative and reliable solutions.
- Geopolitical and Forex Risk: Importing electronic products from China can be risky due to political tensions and currency value changes, which may impact product costs and supply availability.
- Leased Premises: The company operates from rented offices, which means there’s a chance of business disruptions or relocation if the lease ends or terms change.
- Legal Proceedings: Ongoing legal cases involving the company, its promoter, and directors could lead to financial losses and harm the company’s reputation if the verdicts are not in their favor.
- Shivam Bhateja
- Dushyant Gandotra
- Divya Gandotra
Macobs Technologies Limited
Maashitla Securities Private Limited