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Macfos Limited IPO Details

by Koushik Gope
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Macfos IPO is an SME IPO.

About Macfos Ltd

Macfos Ltd, which was founded in 2017, specialises in online shopping. The business operates, an e-commerce website and mobile application. The company sells a wide variety of electronic products, including sensors, motors, motor drivers, pumps, batteries, chargers, electronic modules & displays, and various other mechanical and electronic parts. It also sells robotic parts, drone parts, e-bike parts, IoT & Wireless items, 3D printers & parts, DIY learning kits, development boards, and Raspberry Pi (Single Board Computers & Peripherals).

For the purpose of procuring electrical goods and parts as of September 30, 2022, Macfos Limited has connections with over +140 domestic and international vendors. The business also has a portfolio of three owned brands that are made or purchased from outside sources.

The business features a fulfillment center with a 7,900 square foot floor area and third-party logistics services in Pune, Maharashtra. The business has fulfilled more than 2 lakh orders from more than 83,000 clients directly through the website and mobile application.

The company served more than 2 lakh orders in FY 2021–2022 from all 28 Indian states and 6 Indian Union Territories.

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. are just a few of the prestigious clients the business has worked with.

Macfos IPO Details

IPO DateFeb 17, 2023 to Feb 21, 2023
Listing DateMar 1, 2023
Face Value₹10 per share
Price₹96 to ₹102 per share
Lot Size1200 Shares
Issue Size2,328,000 shares of ₹10
(aggregating up to ₹23.74 Cr)
Offer for Sale2,328,000 shares of ₹10
(aggregating up to ₹23.74 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
P/E (x)15.22
Market Cap (₹ Cr.)90.12
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer
Retail Shares OfferedNot less than 35% of the Offer
Company PromotersAtul Maruti Dumbre, Binod Prasad and Nileshkumar Purshottam Chavhan are the company promoters.

IPO Tentative Timetable

EventTentative Date
Opening DateFeb 17, 2023
Closing DateFeb 21, 2023
Basis of AllotmentFeb 24, 2023
Initiation of RefundsFeb 27, 2023
Credit of Shares to DematFeb 28, 2023
Listing DateMar 1, 2023

Macfos IPO Lot Size

Retail (Min)11200₹122,400
Retail (Max)11200₹122,400
HNI (Min)22,400₹244,800

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

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

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