February 5, 2024
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Mayank Cattle Food IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Mayank Cattle Food IPO Post Listing Review :
Post Listing Review: Listed at Rs. 116, at premium of 7.41% over the issue price of Rs. 108. The listing has been at par with the expectations of the grey market.
Mayank Cattle Food IPO Subscription
On 31 January 2024 5.00 pm (Day 3) (Closed)
Review: So-So Response on Day 3 also
NII: 854400 Shares 5.90 T
RII: 854400 Shares 11.77 T
Total: 1708800 Shares 8.83 T
What is the business of Mayank Cattle Food?
Mayank Cattle Food Limited was established in the year 1998 with intention to engage into the business of manufacturing of Maize oil (Non-edible) and Maize Cake (Cattle Feed). Since then, the Company is engaged in manufacturing of Maize Cake (Cattle Feed) & Maize Oil (Non-edible). The business process involves purchase of the Maize Germ, then mechanized expelling, packaging and selling of the Maize Oil and Maize 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. Also, as the factory is located on Rajkot Jamnagar Highway, which is a well-developed area in terms of road, water, electric connectivity, internet connectivity, it will enjoy all the infrastructural facilities like electricity, water, communication, banking etc. very easily.
At present, the Company has a production capacity of 22,896 MT per annum of Maize Oil and 45,792 MT per annum of Maize Cake. During the financial year 2023-24, it has expanded its installed capacity from 18,126 MT per annum to 22,896 MT per annum of Maize Oil and 36,252 MT per annum to 45,792 MT per annum of Maize Cake and during financial year 2021-22, it has expanded its installed capacity from 14,310 MT per annum to 18,126 MT per annum of Maize Oil and 28,620 to 36,252 MT per annum of Maize Cake with a view towards expanding the scale of operations and increasing its
market presence.
The Company has a diversified customer base covering states majorly like Gujarat, Delhi and Maharashtra. It mainly markets its product through different revenue channels which includes marketing agents, brokers and direct to consumers.
Get more information about the company @ https://www.mayankcattlefood.com/
| Mayank Cattle Food IPO Details | |
| IPO opens on | 29 January 2024 |
| IPO closes on | 31 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1800000 Sh /Rs 19.44 Cr |
| * Fresh Issue | 1800000 Sh /Rs 19.44 Cr |
| * Offer for Sale | – Sh /Rs.- Cr |
| Market Maker Portion | 90000 Sh. |
| Net offer to Public | 1710000 Sh./Rs.18.47 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 108 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Shares offered in Mayank Cattle Food IPO | ||
| Shares | Rs. (Cr) | |
| QIB (-%) | – | – |
| NII (50%) | 855000 | 9.24 |
| RII (50%) | 855000 | 9.23 |
| Total Shares | 1710000 | 18.47 |
| Retail portion will be oversubscribed by | 713 | |
| Forms | ||
| How much Shares to Apply in Mayank Cattle Food IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 129600 |
| Min HNI Application | 2400 Sh | Rs.259200 |
Who are the Promoters of Mayank Cattle Food IPO?
Mr. Bharatkumar Popatlal Vachhani and Mr. Ajay Popatlal Vachhani are the promoters of the company.
What are the Objects of Mayank Cattle Food IPO?
The Offer comprises of a Fresh Issue Shares
The Objects 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 Tentative timetable | |
| IPO opens on | 29 January 2024 |
| IPO Closes on | 31 January 2024 |
| IPO Allotment on | 01 February 2024 |
| Refund Initiation | 02 February 2024 |
| Credit of Shares | 02 February 2024 |
| Listing on | 05 February 2024 |
| Registered Office of the Company Mayank Cattle Food Limited R. S. No. 162, Rajkot Jamnagar Highway Near Khandheri Stadium, Vill. Naranka, Tal. Paddha Rajkot, Gujarat, 360110, |
| Who is the Lead Manager of Mayank Cattle Food IPO? Finshore Management Services Limited |
| Who is the Registrar to IPO? Cameo Corporate Services Limited |
| Mayank Cattle Food IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 186.53 | 0.72 | 1.99 | 27.13 |
| 2021-22 | 323.00 | 0.80 | 2.22 | 23.20 |
| 2022-23 | 309.58 | 1.31 | 3.65 | 27.61 |
| Book Value of the Share on | 31.03.2023 | Rs 13.22 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 108 | |||
| Mayank Cattle Food IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 29.58 |
| Price/BV Ratio | 8.17 |
| Upper price/BV after IPO | |
How Mayank Cattle Food IPO compares with the Peers?
The management believes that none of the listed companies in India offer products or services across the various business segments in which it operates. Hence a strict comparison is not possible.
| As on date of RHP | FV | Total | PE |
| Rs. | Income In Cr | Ratio of | |
| – | – | – | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Mayank Cattle Food IPO To the point Guidance
The Company is engaged in manufacturing of Maize Cake (Cattle Feed) & Maize Oil (Non-edible). The business process involves purchase of the Maize Germ, then mechanized expelling, packaging and selling of the Maize Oil and Maize Cake.
Size: Being a SME IPO, the size of the IPO (Rs 18.47 Cr) is very not small, as per the recent trend. With 713 applications, retail portion will get one time subscribed. So, considering, the hunger of the investors, IPO may get oversubscribed easily.
Financial Snapshot: The company has shown steady rise in the topline and the bottomline in the last 3 years. If the company can sustain the performance of FY 23, then the offer-price is reasonable.
Conclusion?? Considering not so large IPO size, the huge Oversubscription is possible. One may apply this IPO and yet do, have a look at the Premium market and then take final decision, whether to apply or not.
Quicklinks
Mayank Cattle Food IPO GMP Detail IPO GMP today?
Mayank Cattle Food IPO
Mayank Cattle Food IPO FAQs
What is Mayank Cattle Food IPO?
Mayank Cattle Food IPO is a SME IPO of 1800000 equity shares of the face value of Rs. 10 aggregating up to Rs.19.44 Crores. The issue is priced at Rs.108 per share. The minimum order quantity is 1200 Shares.
When Mayank Cattle Food IPO will open?
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 Rs.129600.
How to apply for Mayank Cattle Food IPO?
You can apply in Mayank Cattle Food IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Mayank Cattle Food IPO allotment?
The finalization of Basis of Allotment for Mayank Cattle Food IPO will be done on Febraury 1, 2024, and the allotted shares will be credited to your demat account by 2 February, 2024.
When is Mayank Cattle Food IPO listing date?
Mayank Cattle Food IPO listing date is not yet announced. The tentative date of Mayank Cattle Food IPO listing is February 5, 2024.
