Mayank Cattle Food Limited is set to launch its IPO, a fixed-price issue of Rs 19.44 crores, consisting entirely of a fresh issue of 18 lakh shares. The subscription window for the Mayank Cattle Food IPO is from January 29, 2024, to January 31, 2024, with allotment expected on Thursday, February 1, 2024. The IPO is slated to be listed on BSE SME, and the tentative listing date is Monday, February 5, 2024. The issue price is fixed at ₹108 per share, with a minimum lot size of 1200 shares.
Here are the key details:
**Mayank Cattle Food IPO Details:**
– **Issue Period:** January 29, 2024, to January 31, 2024
– **Listing Date:** [To be announced]
– **Face Value:** ₹10 per share
– **Issue Price:** ₹108 per share
– **Lot Size:** 1200 Shares
– **Total Issue Size:** 1,800,000 shares (aggregating up to ₹19.44 Cr)
– **Fresh Issue:** 1,800,000 shares (aggregating up to ₹19.44 Cr)
– **Issue Type:** Fixed Price Issue IPO
– **Listing Venue:** BSE SME
– **Shareholding Pre Issue:** 3,600,000
– **Shareholding Post Issue:** 5,400,000
– **Market Maker Portion:** 90,000 shares (Rikhav Securities)
**Mayank Cattle Food IPO Reservation:**
– **Retail Shares Offered:** 50% of the Net issue
– **Other Shares Offered:** 50% of the Net issue
**Timeline (Tentative Schedule):**
– **IPO Opens:** January 29, 2024
– **IPO Closes:** January 31, 2024
– **Basis of Allotment:** February 1, 2024
– **Refunds Initiation:** February 2, 2024
– **Shares Credited to Demat:** February 2, 2024
– **Listing Date:** February 5, 2024
– **Cut-off time for UPI mandate confirmation:** 5 PM on January 31, 2024
**Mayank Cattle Food IPO Lot Size:**
– Investors can bid for a minimum of 1200 shares and in multiples thereof.
**Promoter Holding:**
– Mr. Bharatkumar Popatlal Vachhani and Mr. Ajay Popatlal Vachhani are the promoters of the company.
– Share Holding Pre Issue: 97.50%
– Share Holding Post Issue: 65.00%
**About Mayank Cattle Food Limited:**
Incorporated in 1998, Mayank Cattle Food Limited operates in the business of manufacturing Cattle Food, Animal Food, Cattle Food Cake, and Edible Oil. The company’s manufacturing facility in Rajkot, Gujarat, covers approximately 87,133 sq. ft. The production capacity includes 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. The company expanded its capacity in the financial year 2023-24 to enhance market presence.
Products are supplied to Gujarat, Delhi, and Maharashtra, and as of December 31, 2023, the company employs 120 individuals.
**Financial Information (Restated):**
– Revenue decreased by -4.15%, and profit after tax (PAT) rose by 64.45% between the financial year ending March 31, 2023, and March 31, 2022.
**Key Performance Indicators:**
– Market capitalization of Mayank Cattle Food IPO is Rs 58.32 Cr.
– ROE: 32%
– ROCE: 11.27%
– Debt/Equity: 9.13
– RoNW: 27.61%
– P/BV: 0
**Objects of the Issue:**
– Funding Capital Expenditure towards the purchase of additional plant and machinery
– Meeting Working Capital Requirements
– Meeting the Issue Expenses
– General Corporate Purposes
**IPO Prospectus:**
– [Mayank Cattle Food IPO DRHP](link-to-the-document)
– [Mayank Cattle Food IPO RHP](link-to-the-document)
Investors are encouraged to refer to the detailed RHP for comprehensive information on the Mayank Cattle Food IPO.
