Macobs Technologies Ltd IPO: Review, Valuation, Date & GMP

Macobs Technologies Limited IPO - Complete Overview

Macobs Technologies Limited IPO by Macobs Technologies Limited was established in 2019. It provides male grooming products. Through its website, the company sells briefs, a range of self-care products, and specialty trimmers for sensitive areas. The business doesn't operate any physical locations or follow the conventional retail model.

With a 33% compound annual growth rate, the online grocery market in India is projected to grow to US$ 26.93 billion in 2027 from US$ 3.95 billion in FY21. The consumer digital economy of India is predicted to increase from US$ 537.5 billion in 2020 to US$ 1 trillion by 2030, primarily due to the country's high e-commerce and edtech adoption.

By 2026, it is anticipated that Indian e-commerce will have grown to US$ 163 billion at a compound annual growth rate (CAGR) of 27%. The Gross Merchandise Value (GMV) of online sales increased by 22% to US$ 60 billion in FY23 from the previous year. The GMV of online shopping was US$ 49 billion in FY22.

Strengths of competition:

Specializing in men's under-the-belt grooming makes the brand stand out in a market that has generally ignored this segment.

E-commerce strategy: Limiting operations to the Internet expands market reach, lowers costs, and offers operational flexibility.

Innovative product line: Creating customized goods to fulfill certain grooming requirements satisfies a certain market need.

Customer-focused methodology: Relationships with customers are strengthened when needs and preferences are highlighted along with active participation and feedback. Efforts to alter public perceptions of male grooming.

Educational strategy: Educating consumers contributes to the authority and credibility of a business.

Ethics and sustainability: The dedication to environmentally conscious packaging and ethical purchasing is consistent with consumers' growing concern for social and environmental responsibility.

There are 15 full-time employees in the company.

Dear readers, we are pleased to provide details about the approaching IPO. The company plans to launch its IPO on July 16, 2024. Let's take a closer look at the IPO's offerings below.

 

Macobs Technologies Limited IPO Overview

Macobs Technologies IPO is an SME book-built issue of Rs.19.46 crore a wholly Fresh Issue of 25.95 lac Shares (amounting to Rs.19.46 crore) out of which 33.23% is allocated to retail investors, 11.41% to institutional investors, 33.23% to non-institutional-investors, and 17.08% to Anchor Investors.

The IPO will be available to investors on July 16, 2024, and conclude on July 19, 2024. The anticipated listing date for the IPO is Wednesday, July 24, 2024, and will be held on the NSE and SME. The price range of each Share is Rs.71 to Rs.75.

If you want to apply for the IPO, Click Here to Open a Demat Account.

 

Company Financial

The company's revenue increased by 39.91%, while profit after tax (PAT) increased by 8.2% during the financial years ending March 31, 2024, and March 31, 2023. 

Below is the synopsis of the company's financial data for the financial year ending March 31, 2024.

• The total revenue of the company is Rs.2,074.67 lac.

• The net worth of the company is Rs.982.77 lac.

• The company's EBITDA is Rs.341.25 lac.

• The total assets of the company is Rs.1443.44 lac.

• The company’s total Liabilities is Rs.1443.44 lac.
  
  

(Amount in lacs)

Period	31 Mar 2024	31 Mar 2023	31 Mar 2022
Total Assets	1,443.44	595.05	152.51
Total Revenue	2,074.67	1,482.81	602.30
PAT	221.27	204.50	38.89
Net worth	982.77	244.50	40.00
Reserve & Surplus	262.77	243.50	39.00
Borrowing	250.14	107.35	20.84

 

Revenue Bifurcation

Below is the revenue breakdown for various activities:

(Amount in lacs)

Net Cash Flow In Multiple Activities	31 Mar 2024	31 Mar 2023	31 Mar 2022
Net Cash Flow Operating Activities	-226.64	–33.83	54.195
Net Cash Flow Financing Activities	617.40	70.79	15.52
Net Cash Flow Investing Activities	63.03	2.82	24.05

Revenue Breakdown From Suppliers

The Objective Of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Getting New Customers: Marketing & Awareness

• Payment in full or in part for some existing loans that the business has taken out

• Working capital needs

• General business objectives

• Covering issue costs.

 

 

Peers Of Macobs Technologies Limited

(Figures as of March 31, 2023)

Company Name	P/E (x)
Fsn E-commerce Ventures Limited	2509
Honasa Consumer Limited	1701

 

Evaluation

The price of this IPO is Rs.71 to Rs.75 for each Share.

Evaluation Of P/E Ratio

Considering the FY 2022-2023, with EPS of Rs.2.84 from the last year, the resulting P/E ratio is 26.40x.

Considering the weighted EPS of Rs.1.60 for the last three years, the P/E ratio is 46.87x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 2105x.

Particulars	P/E Ratio
Highest	2509
Lowest	1701
Average	2105

In simple words, the P/E ratio of Macobs Technologies Limited-IPO (26.40x and 46.87x) when compared with the industry’s average P/E of 2105x, has an undervaluation. Hence the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• The company's focus on men's below-the-belt grooming sets it distinct in an industry that has previously ignored this demographic.

• Providing specialized goods made to fit particular grooming requirements satisfies a market need.

• A heavy emphasis on the requirements and preferences of the client, together with channels for active participation and feedback.

• A commitment to actively listening to and accommodating consumer requirements and preferences, as well as providing channels for feedback.

• Attempts to enlighten and alter public opinions around masculine grooming contribute to the development of brand authority and trust.

 

IPO’s Weaknesses

• Since it imports its electrical goods from China, it runs the risk of currency fluctuations and geopolitical unrest.

• For the purpose of selling its items, it relies heavily on digital media marketing and major e-commerce platforms.

• A few of the Companies Act's mandatory provisions have not been followed by the business. Such non-compliance may result in fines and other legal action against the company and its directors, which may have a negative effect on its financial situation.

• When it comes to receiving supplies and materials from its suppliers and delivering goods to its customers, it relies in part on outside transportation companies. Any failure on the part of these service providers to fulfill their commitments could harm their operations, finances, and business.

• Following this issue, there's a chance that the equity share price will fluctuate a lot or that there won't be a lively market for trading the shares.

 

 

IPO GMP Today

Macobs Technologies Limited IPO’s latest GMP is Rs.14.

Macobs Technologies Limited IPO Timetable (Tentative)

The IPO is scheduled from July 16 to July 19, 2024, with allotment on July 22, refund initiation on July 23, and listing on July 24, 2024.

Events	Date
IPO Opening Date	July 16, 2024
IPO Closing Date	July 19, 2024
IPO Allotment Date	July 22, 2024
Refund initiation	July 23, 2024
IPO Listing Date	July 24, 2024

 

Macobs Technologies Limited IPO Details 

The IPO with a face value of Rs.10 per Share is set to start on July 16, close on 19 July, and offer a total issue size of  2,595,200 Shares (aggregating up to Rs.19.46 Cr) comprising a wholly fresh issue size of 2,595,200 Shares of Rs.19.46 Cr.

IPO Opening & Closing date	July 16, 2024 to July 19, 2024
Face Value	Rs.10 per Share
Issue Size	2,595,200 Shares of Rs.19.46 Cr
Offer for Sale	NA
Fresh Issue	2,595,200 Shares of Rs.19.46 Cr
Listing at	NSE, SME
Issue Type	Book Built Issue IPO
Registrar	Maashitla Securities Private Limited

 

Macobs Technologies Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.120000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.240000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

Macobs Technologies Limited IPO Reservation

Institutional Portion	11.41%
Retail Share Portion	33.23%
Non-Institutional Portion	33.23%
Market Makers’ Portion	5.06%
Anchor Investors	17.08%

 

Promoters And Management Of Macobs Technologies Limited IPO

• Shivam Bhateja

• Dushyant Gandotra

• Divya Gandotra 

Pre-Issue Promoter Shareholding	65%
Post-Issue Promoter Shareholding	-

 

Macobs Technologies Limited IPO Lead Managers

• SKI Capital Services Limited

 

 

Dividend Policy

No dividends have been paid by the company in any financial year.

Conclusion

The company has seen negative cash flow in operating activities in the last few financial years. To fulfill its objectives, the company is currently conducting an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable information about the company's, insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If this informative blog matches your interest, you might be interested in reading our other related useful blogs on our website.

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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