Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Mayank Cattle Food IPO is going to open soon. So I will give you complete information about Mayank Cattle Food IPO here on IPO India.
On this article I will inform you about Mayank Cattle Food IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Mayank Cattle Food Limited
Established in 1998, Mayank Cattle Food Limited is an oil company specializing in the production of Cattle Food, Animal Food, Cattle Food Cake and Edible Oil.
The company operates a state-of-the-art manufacturing facility located in Rajkot, Gujarat, spread over an area of approximately 87,133 sq.ft. Equipped with the latest machinery and technology, the facility serves as a hub for the company’s manufacturing activities.
Mayank Cattle Food Limited currently has a production capacity of 22,896 metric tons per annum for corn oil and 45,792 metric tons per annum for corn cake. In FY 2023-24, the company successfully expanded its installed capacity, increasing it from 18,126 MT per annum to 22,896 MT per annum for corn oil and from 36,252 MT per annum to 45,792 MT per annum for corn oil. A similar expansion took place in FY 2021-22, where installed capacity increased from 14,310 MT to 18,126 MT per annum for corn oil and from 28,620 to 36,252 MT per annum for corn cake. This strategic expansion was undertaken to expand the operational scale and enhance the company’s market presence.
Mayank Cattle Food Limited supplies its products to regions including Gujarat, Delhi and Maharashtra.
As of December 31, 2023, the Company maintains a workforce of 120 employees, with 104 individuals serving in a worker capacity.
Mayank Cattle Food IPO GMP
| Exp. Premium (GMP) | ₹[_] per Share |
About Mayank Cattle Food IPO
Here is some information about Mayank Cattle Food IPO which will help you in making a decision to invest in Mayank Cattle Food IPO. It appears to be a book-built offer with a total value of ₹19.44 crore, including entirely a fresh issue of 18 lakh shares.
Summary of the key details
- Issue Size: Rs 19.44 crores
- Offer for Sale: 18 Lakhs shares
- Subscription Period: January 29, 2024 to January 31, 2024
- Allotment Date: February 01, 2024
- Listing Date: February 05, 2024
Price Range of Mayank Cattle Food IPO
- ₹108 per share
Lot Size of Mayank Cattle Food IPO
- Minimum Lot: 1200 Shares.
- Minimum Investment for Retail Investors: ₹129,600
Minimum Lot Size Investments for Mayank Cattle Food IPO
- HNI: 2 lots (2400 shares), amounting to ₹259,200
This information provides potential investors with the details they need to participate in the Mayank Cattle Food IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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Mayank Cattle Food IPO
| Open Date | January 29, 2024 |
| Close Date | January 31, 2024 |
| Allotment Date | February 01, 2024 |
| Listing Date | February 05, 2024 |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹108 Per Equity Share |
| Issue Size | 1,800,000 shares (Aggregating up to ₹19.44 Cr) |
| Market Lot (Min. Amount) | Retail: 1200 Shares (₹129,600/-) |
| Listing at Group(s) | BSE SME |
| Lead Manager | Finshore Management Services Limited |
| Register | Cameo Corporate Services Limited |
| Retail Portion | 50% |
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Valuations of Mayank Cattle Food IPO
| Earnings Per Share (EPS Pre IPO) | ₹3.65/- |
| Earnings Per Share (EPS Post IPO) | ₹3.19/- |
| P/E Ratio Pre IPO | 29.58 |
| P/E Ratio Post IPO | 33.89 |
| RoNW | 27.61% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Mayank Cattle Food Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jul 2023 | 5,122.44 | 7,527.15 | 57.37 | 533.37 | 173.37 | 3,788.35 |
| 31 Mar 2023 | 4,893.64 | 30,958.14 | 131.43 | 475.99 | 455.99 | 3,961.00 |
| 31 Mar 2022 | 4,163.85 | 32,300.17 | 79.92 | 344.56 | 324.56 | 3,163.53 |
| 31 Mar 2021 | 3,433.62 | 18.652.89 | 71.81 | 264.63 | 244.63 | 2,531.49 |
Promoter(s)
| Pre Issue Share Holding | 97.50% |
| Post Issue Share Holding | 65.00% |
Company Promotor(s):-
- Mr. Bharatkumar Popatlal Vachhani
- Mr. Ajay Popatlal Vachhani
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32% |
| ROCE | 11.27% |
| Debt/ Equity | 9.13 |
| RoNW | 27.61% |
| P/BV | 0.45 |
Issue Objective(s)
- Funding Capital Expenditure toward the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the issue Expenses
- General Corporate Purposes
Mayank Cattle Food IPO Registrar
| Name | Cameo Corporate Services Limited |
| Phone | +91-44-28460390 |
| ipo@cameoindia.com | |
| Website | https://ipo.cameoindia.com/ |
Mayank Cattle Food IPO Review
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Conclusion
In conclusion, the Mayank Cattle Food IPO presents an attractive investment opportunity for those keen to explore the finance market. Established in 1998, Mayank Cattle Food Limited has positioned itself as a leading player in the manufacturing of Cattle Food, Animal Food, Cattle Food Cake and Edible Oil. The company’s strategic expansion in manufacturing capacity, along with a state-of-the-art manufacturing facility, underlines its commitment to scaling operations and increasing market presence.
Key details of Mayank Cattle Food IPO, including its issue size of ₹ 19.44 crore, offer for sale of 18 lakh shares and subscription period from January 29, 2024 to January 31, 2024, provide the information needed to inform investors. Decisions The listing date of the issue is set for February 5, 2024, with an issue price of ₹108 per share and a minimum lot size of 1200 shares, with a minimum investment of ₹129,600 required for retail investors. The company’s financial ratios, such as pre-IPO P/E ratio of 29.58 and strong RoNW of 27.61%, further add to the attractiveness of this IPO.
As with any investment, it is important for potential investors to do thorough research and, if necessary, seek professional advice before making a decision. Mayank Cattle Food IPO is an exciting opportunity and the coming weeks will reveal its performance in the market. Stay tuned for updates and stay informed about the latest developments in the finance sector. Happy investing!
Mayank Cattle Food IPO FAQs
When Mayank Cattle Food IPO is coming?
The Mayank Cattle Food IPO opens on January 29, 2024 and closes on January 31, 2024.
What is the lot size of Mayank Cattle Food IPO?
Mayank Cattle Food IPO lot size is 1200 Shares, and the minimum amount required is ₹129,600.
When Mayank Cattle Food IPO Allotment?
The finalization of Basis of Allotment for Mayank Cattle Food IPO will be done on Thursday, February 1, 2024, and the allotted shares will be credited to your demat account by Friday, February 2, 2024.