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SME IPO Status: Listed [29th Jan 2024 to 31st Jan 2024]
Mayank Cattle Food IPO, a SME IPO of ₹19.44 Cr was launced on 29-01-2024 to 31-01-2024 and the shares got listed on BSE SME on 05-02-2024.
The public issue of Mayank Cattle Food IPO (544106) was offered at ₹108.00 per share and the ipo was listed at ₹116. It has delivered listing gain of 7.41%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 9600 per lot return on listing.
| SME IPO Issue Opening Date: | 29th Jan 2024 |
| SME IPO Issue Closing Date: | 31st Jan 2024 |
| SME IPO Issue Price: | ₹108.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹19.44 Cr |
| Fresh Issue: | ₹19.44 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 97.50% |
| Promoter Holding Post IPO: | 65.00% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544106 |
Get important updates regarding Mayank Cattle Food SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Feb 2024 |
| Refunds Initiation* | 2nd Feb 2024 |
| Credit of Shares to Demat* | 2nd Feb 2024 |
| SME IPO Listing Date* | 5th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹108.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹129600 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-02-2024 | 108.00 | 9 | 8200 | ₹117 (8.33%) | 5-Feb-2024 9:31 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Mayank Cattle Food Limited was established in April 1998 with the intention of producing maize oil (non-edible) and maize cake (cattle feed). Since then, the company has been engaged in the production of maize cake (cattle feed) and maize oil (inedible). The business process includes the purchase of corn germ, mechanical pressing, packaging and sale of corn oil and corn cakes.
The production facility is strategically located with easy access to raw materials and transportation facilities. As the factory is located on Rajkot Jamnagar Highway, which is well developed in terms of road, water, electricity and internet, it has easy access to all infrastructure facilities like electricity, water, communication, banking etc.
The company has a diversified customer base mainly covering the states of Gujarat, Delhi and Maharashtra. It markets its products mainly through various distribution channels such as sales agents, brokers and direct to consumer sales. The company's manufacturing facility is equipped with modern machinery and efficient infrastructure and has a dedicated and skilled workforce. The team continuously monitors the quality of the products. Since its inception, the company has continuously worked on improving its quality to better serve its customers.
| Incorporation | Sector | IPO Issue Size | Website |
| 1998 | Food Industry | ₹19.44 Cr | https://www.mayankcattlefood.com/ |
The Objects of the Issue are:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 854,400 (50%) | 854,400 (50%) | 1,708,800 | |
| 1 | 29th Jan 2024 19:04 | 0.46x | 1.10x | 0.78x |
| 2 | 30th Jan 2024 19:04 | 1.34x | 4.16x | 2.75x |
| 3 | 31st Jan 2024 19:04 | 5.90x | 11.77x | 8.83x |
Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,122.44 | 4,893.64 | 4,163.85 | 3,433.62 |
| Revenue | 7,527.15 | 30,958.14 | 32,300.17 | 18,652.89 |
| Profit After Tax | 57.37 | 131.43 | 79.92 | 71.81 |
| Net Worth | 533.37 | 475.99 | 344.56 | 264.63 |
| Reserves and Surplus | 173.37 | 455.99 | 324.56 | 244.63 |
| Total Borrowing | 3,788.35 | 3,961.00 | 3,163.53 | 2,531.49 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Mayank Cattle Food Limited | 3.65 | 3.65 | 237.99 | 29.58 | 27.61 |
Last Updated on 09-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mayank Cattle Food SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mayank Cattle Food SME IPO with Zerodha.
Alternate approch to apply in Mayank Cattle Food SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Mayank Cattle Food SME IPO Review and Important Updates
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To subscribe or apply in Mayank Cattle Food SME IPO, you can use the following methods:
| Mayank Cattle Food SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Mayank Cattle Food SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Mayank Cattle Food SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Mayank Cattle Food SME IPO. Most of the Syndicate Banks provide access to apply in Mayank Cattle Food IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mayank Cattle Food SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Mayank Cattle Food SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Mayank Cattle Food SME IPO Review and Important Updates
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Mayank Cattle Food SME IPO is going to be list on 05-02-2024. BSE Code for Mayank Cattle Food is 544106.
Other relevant questions:
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Mayank Cattle Food SME IPO Allotment Date is 01-02-2024.
Other relevant questions:
Mayank Cattle Food SME IPO share allotment date?Mayank Cattle Food SME IPO allotment date?
