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 sell a broad range of electronic items, including robotic parts, drone parts, E-bike parts, IoT & Wireless items, 3d printer & 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.
As on September 30, 2022, Macfos Limited is connected with over +140 overseas and domestic vendors for sourcing electronic items and parts. The company also have a portfolio of 3 owned brands, which are manufactured/procured from third parties.
The company has a fulfilment Centre in Pune, Maharashtra comprising of 7,900 sq. ft. area and third-party logistics services. The company have served over 2 lakh orders placed by over 83,000 consumers on the website, mobile application and directly
In F.Y. 2021-22, the company have served over 2 lakh orders from all the 28 states of India and 6 Union Territories of India.
Some of the esteemed customers which have been served by the company 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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 624.62 | 1,622.16 | 32.97 | 52.55 | 51.55 | 433.12 |
| 31-Mar-21 | 941.75 | 2,733.76 | 158.31 | 310.66 | 309.64 | 350.13 |
| 31-Mar-22 | 2,047.20 | 5,587.07 | 601.27 | 911.93 | 910.91 | 603.26 |
| 30-Sep-22 | 2,598.74 | 3,605.40 | 295.85 | 1,207.78 | 1,206.76 | 938.00 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Selling Shareholders will be entitled to the entire proceeds of the Offer.
Macfos IPO Details
| IPO Date | Feb 17, 2023 to Feb 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹96 to ₹102 per share |
| Lot Size | 1200 Shares |
| Issue Size | 2,328,000 shares of ₹10 (aggregating up to ₹23.74 Cr) |
| Offer for Sale | 2,328,000 shares of ₹10 (aggregating up to ₹23.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 15.22 |
| Market Cap (₹ Cr.) | 90.12 |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| Market Maker | HEM SECURITIES LTD. |
| Company Promoters | Atul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan are the company promoters. |
Macfos IPO Tentative Timetable
Macfos IPO opens on Feb 17, 2023, and closes on Feb 21, 2023. The Macfos IPO bid date is from Feb 17, 2023 10.00 A.M. to Feb 21, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 17, 2023 |
| Closing Date | Feb 21, 2023 |
| Basis of Allotment | Feb 24, 2023 |
| Initiation of Refunds | Feb 27, 2023 |
| Credit of Shares to Demat | Feb 28, 2023 |
| Listing Date | Mar 1, 2023 |
Macfos IPO Lot Size
The Macfos IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹122,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹122,400 |
| Retail (Max) | 1 | 1200 | ₹122,400 |
| HNI (Min) | 2 | 2,400 | ₹244,800 |
Macfos IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.65% |
Macfos IPO Review
The company is a purely third-party product marketer and has no own facilities to manufacture. Though it posted robust growth in the last 18 months’ performance, the sustainability of such margins in the future remains a concern. This being a pure OFS, no fund is going to the company. It has a renowned clientele that holds the key. Well-informed/cash surplus investors may consider parking funds in this fully priced offer. Read detail review…
Macfos IPO Subscription Status (Bidding Detail)
The Macfos IPO is subscribed 15.37 times on Feb 20, 2023 11:22:00 AM. The public issue subscribed 38.13 times in the retail category, 0.02 times in the QIB category, and 18.63 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 0.02 |
| NII | 18.63 |
| Retail | 38.13 |
| Total | 15.37 |
Macfos IPO Prospectus
Company Contact Information
Macfos Limited
S. No. 78/1, Sumant Building,
Dynamic Logistics Trade Park, Dighi,
Bhosari Alandi Road, Pune – 411-015
Phone: +91-022-68197600
Email: cs@robu.in
Website: http://www.robu.in/
Macfos IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com