Macobs Technologies IPO Allotment Status Announced! Check Your Allocation Now | Stock Market News
The initial public offering (IPO) of Macobs Technologies, which ended on July 19, received a lot of interest from investors. The focus is now on the allotment status, which was announced today, July 22. Macobs Technologies’ IPO will be listed on the NSE SME, with a tentative listing date of July 24.
Investors can check the IPO allotment status on the Maashitla Securities Private Limited website. Here’s how:
- Visit the Maashitla Securities Private Limited website.
- Select “Macobs Technologies Limited” from the drop-down list on the “Check Application Status” page.
- Enter your PAN number, Demat Account Number, or Application Number.
- Click on the “SUBMIT” button.
- The allotment status will appear on your screen.
Refunds for unsuccessful bidders will be initiated on Tuesday, July 23, and successful bidders will receive their shares of Macobs Technologies in their Demat accounts on the same day.
IPO Details
The ₹19.46 crore issue was entirely a fresh issue of 25.95 lakh shares with a price band of ₹71-75 per share. The minimum lot size for an application is 1,600 shares, requiring a minimum investment of ₹1,20,000 from retail investors.
The Macobs Technologies IPO was subscribed 202.32 times, with qualified institutions subscribing 88.92 times, non-institutional buyers subscribing 266.70 times, and retail investors subscribing 176.87 times.
SKI Capital Services Limited was the book-running lead manager of the IPO, while Maashitla Securities Private Limited was the registrar for the issue. The market maker for Macobs Technologies IPO was SKI Capital Services.
Macobs Technologies IPO GMP Today
As of July 22, Macobs Technologies was trading at a grey market premium (GMP) of ₹25, suggesting an estimated listing price of ₹100 for the IPO. The GMP has remained the same since July 18.
About Macobs Technologies Limited
Founded in 2019, Macobs Technologies specializes in male grooming products, offering a range of trimmers, hygiene products, and self-care items designed for sensitive areas and male skin. The company operates exclusively online, targeting niche markets often overlooked by traditional retailers.
Macobs Technologies stands out by focusing on specific male grooming markets and using an e-commerce strategy to expand its reach efficiently while keeping costs low. For the fiscal year ending March 31, 2024, the company reported a 39.91% increase in revenue and an 8.2% rise in profit after tax (PAT) compared to the previous year, highlighting its growth in the competitive grooming products sector.
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