Mayank Cattle Food Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 29, 2024 to January 31, 2024 |
| Listing Date | February 5, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹ 19.44 Cr) |
| Fresh Issue | 18,00,000 shares (aggregating up to ₹ 19.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 36,00,000 |
| Share holding post issue | 54,00,000 |
| Market Maker portion | 90,000 shares Rikhav Securities |
About Mayank Cattle Food Limited IPO
Mayank Cattle Food Limited stands as the foremost oil company, offering an extensive selection of products, including Edible Oil, Extracting Corn Oil, Cattle Food, Animal Food, and Cattle Food Cake. The company operates a manufacturing facility that is equipped with the latest machinery and technology which is spread over approx. 87,133 sq.ft. situated at R. S. No. 162, Rajkot Jamnagar Highway, Near Khandheri Stadium, Naranka, Paddhari, Rajkot - 360110, Gujarat. Its manufacturing facility is located in a strategic location that provides easy access to raw materials and transportation.
Mayank Cattle Food IPO is a fixed price issue of Rs 19.44 crores. The issue is entirely a fresh issue of 18 lakh shares. Mayank Cattle Food IPO price is ₹108 per share. The minimum lot size for an application is 1200 Shares. Finshore Management Services Limited is the book running lead manager of the Mayank Cattle Food IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Mayank Cattle Food IPO is Rikhav Securities.
Objectives of Mayank Cattle Food IPO
The Objectives of the Issue are:
- 1. Funding Capital Expenditure towards the purchase of additional plant and machinery
- 2. To meet the Working Capital Requirements
- 3. To meet the Issue Expenses
- 4. General Corporate Purposes
Mayank Cattle Food IPO Review
The company is operating in a highly competitive and fragmented segment. It has posted inconsistency in top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears aggressively priced. There is no harm in skipping this pricey issue.
Mayank Cattle Food Limited IPO Financial Information
Latest Revenue
₹ 7,527.15 Cr
Profit After Tax
₹ 57.37 Cr
Net Worth
₹ 533.37 Cr
Total Borrowing
₹ 3,788.35 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Jul 2023 | 5,122.44 | 7,527.15 | 57.37 | 533.37 | 3,788.35 |
| 31 Mar 2023 | 4,893.64 | 30,958.14 | 131.43 | 475.99 | 3,961.00 |
| 31 Mar 2022 | 4,163.85 | 32,300.17 | 79.92 | 344.56 | 3,163.53 |
| 31 Mar 2021 | 3,433.62 | 18,652.89 | 71.81 | 264.63 | 2,531.49 |
| Amount in ₹ Crore | |||||
Mayank Cattle Food Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32% |
| ROCE | 11.27% |
| Debt/Equity | 9.13 |
| RoNW | 27.61% |
| P/BV | 0.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.65 | 3.19 |
| P/E (x) | 29.58 | 33.89 |
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Competitive Strengths
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Mayank Cattle Food Limited IPO Timeline
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Wednesday, January 31, 2024 |
| Basis of Allotment | Thursday, February 1, 2024 |
| Initiation of Refunds | Friday, February 2, 2024 |
| Credit of Shares to Demat | Friday, February 2, 2024 |
| Listing Date | Monday, February 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹ 1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹ 1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹ 2,59,200 |