Mayank Cattle Food Limited IPO
BSE SMEListed On: Feb 5, 2024 at ₹ 116.0
₹ 259200 /2400 Shares
*Min Investment
29 Jan, 2024
Open Date31 Jan, 2024
Close Date01 Feb, 2024
Allotment Date05 Feb, 2024
Listing DateMayank Cattle Food Limited IPO Issue Details
- Issue Price ₹108 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 18,00,000 shares(aggregating up to ₹19.44 crore)
- Fresh Share 18,00,000 shares(aggregating up to ₹19.44 crore)
- Listing at BSE SME
- List Price 116.0
- Listing Date 2024-02-05
- Lead Manager Finshore Management Services Limited
- Registrar Cameo Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,29,600 |
| Retail(max) | 1 | 1200 | ₹1,29,600 |
| NII (min) | 2 | 2,400 | ₹2,59,200 |
Mayank Cattle Food Limited IPO Reservation
Mayank Cattle Food Limited IPO offers total 1,800,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,854,400 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 90,000 (5%) | |
| Retail Shares Offered | 854,400 (47.47%) | |
| Total Shares Offered | 1,800,000 (100%) |
Mayank Cattle Food Limited IPO Details
Mayank Cattle Food Limited IPO is an SME IPO, priced at ₹108 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 18,00,000 equity shares, aggregating up to ₹19.44 crores..
The IPO bidding window is open from Jan 29, 2024 to Jan 31, 2024. The allotment is expected to be finalized on Feb 1, 2024, and the tentative listing date is Feb 5, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,29,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,59,200.
Finshore Management Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Rikhav Securities Limited will act as the market maker for this issue.
Mayank Cattle Food Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 854,400 | 854,400 | 1,708,800 |
Day 1 29-01-24 06:00 PM | 0.46 x | 1.10 x | 0.78 x |
Day 2 30-01-24 06:00 PM | 1.34 x | 4.16 x | 2.75 x |
Day 3 31-01-24 06:00 PM | 6.02 x | 11.77 x | 8.89 x |
Mayank Cattle Food Limited Valuations
Mayank Cattle Food Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,893.64 | 4,163.85 | 3,433.62 |
| Revenue | 30,958.14 | 32,300.17 | 18,652.89 |
| Profit After Tax | 131.43 | 79.92 | 71.81 |
| Net Worth | 475.99 | 344.56 | 264.63 |
| Reserves & Surplus | 455.99 | 324.56 | 244.63 |
| Total Borrowing | 3,961.00 | 3,163.53 | 2,531.49 |
About Mayank Cattle Food Limited Company
Incorporated in 1998, Mayank Cattle Food Limited is an Oil company engaged in the business of manufacturing Cattle Food, Animal Food, Cattle Food Cake, and Edible Oil.
The company has a manufacturing facility equipped with the latest machinery and technology. The facility is located in Rajkot, Gujarat, and it has an area of about 87,133 sq. ft.
The available capacity of Maize Oil is 22,896 MT per annum, while for Maize Cake it is 45,792 MT per annum. In the year 2023-24, installed capacity was increased from 18,126 MT per year for Maize Oil to 22,896 MT per year and from 36,252 MT per year to 45,792 MT per year for Maize Cake. Correspondingly, during the financial year 2021-22, installed capacity has increased from 14,310 MT per annum for Maize Oil to 18,126 MT per annum and for Maize Cake, from 28,620 to 36,252 MT per annum to achieve the increase in scale of operation as well as improvement in market presence.
The products supplied by the company are sold in the states of Gujarat, Delhi, and Maharashtra.
By 31 December 2023, the company has 120 employees. Of those, 104 are workers.
Mayank Cattle Food Limited - Promoter(s)
Mr. Bharatkumar Popatlal Vachhani
Mr. Ajay Popatlal Vachhani
Pre Issue Share Holding : 97.50%
Post Issue Share Holding : 65.00%
Mayank Cattle Food Limited IPO - Issue Objectives
Funding Capital Expenditure towards the purchase of additional plant and machinery
To meet the Working Capital Requirements
To meet the Issue Expenses
General Corporate Purposes
Contact Details
Mayank Cattle Food Limited
R. S. No. 162, Rajkot Jamnagar Highway Near Khandheri Stadium, Vill. Naranka, Tal. Paddha Rajkot, Gujarat, 360110
+91 90333 33123
Registrar Contact Details
Mayank Cattle Food Limited IPO - FAQs
Ans. Mayank Cattle Food Limited IPO is a SME IPO. The issue is priced at ₹108 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jan 29, 2024, and closes on Jan 31, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Mayank Cattle Food Limited IPO opens on Jan 29, 2024 and closes on Jan 31, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Mayank Cattle Food Limited IPO is 1,800,000 shares(aggregating up to ₹19.44 Cr).
Ans. The Mayank Cattle Food Limited IPO price band is set between ₹108 per equity share.
Ans. To apply for Mayank Cattle Food Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Mayank Cattle Food Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Mayank Cattle Food Limited IPO is Feb 1, 2024.
Ans. The Mayank Cattle Food Limited IPO will be listed on Feb 5, 2024.
Ans. Follow the steps to check the Mayank Cattle Food Limited IPO allotment status online.
