Macobs Technologies
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 16 Jul 2024 – 19 Jul 2024
- Listing date
- 24 Jul 2024
- Face value
- ₹10 per share
- Issue price
- ₹75 per share
- Lot size
- 1,600 shares
- Issue type
- Book Building issue
- Total issue size
- ₹19.46 Cr
- Market cap at offer price
- ₹73.46 Cr
- Promoter holding
- 65.00% → 47.78% pre-issue → post-issue
- ISIN
- INE0R0J01010
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- SKI Capital Services Ltd.
- Registered office
- Plot No.A-305, Backside National Handloom Corp., Vaishali Nagar, Rajasthan
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 4,43,200 | — | — |
| Market maker | 1,31,200 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹75
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,20,000 |
| S-HNI (min) | 2 | 3,200 | ₹2,40,000 |
| S-HNI (max) | 8 | 12,800 | ₹9,60,000 |
| B-HNI (min) | 9 | 14,400 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.07 | 2.26 |
| P/E (×) | 24.43 | 33.19 |
| Price to book (×) | 5.49 | — |
| Market cap | — | ₹73.46 Cr |
Key performance indicators
- Return on net worth
- 22.52%
- ROCE
- 30.53%
- PAT margin
- 10.73%
- NAV per share
- ₹13.65
- Price to book
- 5.49
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Macobs Technologies
The company operates the e-commerce platform Menhood.in specializing in below-the-belt grooming products for men. The website offers a curated selection of trimmers, skincare, and various grooming essentials tailored specifically for male grooming needs. Operating within the legal framework, menhood.in provides a seamless online shopping experience for customers seeking quality products for intimate grooming care. The company is dedicated to educating and changing societal perceptions about male grooming through online platforms and content.
Company Analysis
from DRHPMacobs Technologies Limited operates an e-commerce platform specializing in below-the-belt grooming products for men through their brand Menhood.in, offering trimmers, skincare, and grooming essentials exclusively online.
The company operates the e-commerce platform Menhood.in specializing in below-the-belt grooming products for men. The website offers a curated selection of trimmers, skincare, and various grooming essentials tailored specifically for male grooming needs. Operating within the legal framework, menhood.in provides a seamless online shopping experience for customers seeking quality products for intimate grooming care. The company is dedicated to educating and changing societal perceptions about male grooming through online platforms and content.
Issue Structure
- Total Issue
- Up to ₹[●] Lakhs
- Fresh Issue
- Up to 25,95,200 Equity Shares aggregating up to ₹[●] Lakhs
- Offer for Sale
- NA
- Price Band
- [●]
- Lot Size
- [●]
- Face Value
- ₹10/-
Business Model
Direct-to-consumer e-commerce model selling grooming products online through menhood.in website and other e-commerce platforms. Products are sourced from third-party manufacturers (primarily imports from China), stored in warehouse, and sold directly to consumers via online channels.
SWOT Analysis
- • Niche market focus in below-the-belt male grooming(p.86)
- • Asset-light e-commerce business model with lower overhead costs(p.25)
- • Innovative specialized product range addressing unique grooming needs(p.86)
- • Heavy dependence on major e-commerce platforms and digital marketing(p.19)
- • Significant reliance on Chinese imports with foreign exchange exposure(p.19)
- • Non-compliance with statutory requirements and regulatory violations(p.20)
- • Dependence on few suppliers for product sourcing(p.22)
- • Historical losses and negative cash flows from operations(p.21)
- • Expansion into new geographic markets and customer segments(p.86)
- • Broadening product line with complementary grooming and wellness items(p.86)
- • Growing societal acceptance and demand for male grooming(p.86)
- • Rapid growth of Indian e-commerce sector(p.83)
- • Intense competition from established brands and new entrants(p.86)
- • Rapid changes in consumer preferences and fashion trends(p.22)
- • Potential regulatory changes in e-commerce and consumer goods(p.86)
- • Economic downturns affecting consumer spending on grooming products(p.86)
- • Geopolitical tensions affecting supply chain from China(p.19)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Dushyant Gandotra | Promoter | 32.48% | — |
| Shivam Bhateja | Promoter | 32.48% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.