{"id":39765,"date":"2024-07-15T12:45:34","date_gmt":"2024-07-15T07:15:34","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/07\/15\/macobs-technologies-limited-ipo-opens-on-july-16-2024\/"},"modified":"2024-07-15T12:45:34","modified_gmt":"2024-07-15T07:15:34","slug":"macobs-technologies-limited-ipo-opens-on-july-16-2024","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/07\/15\/macobs-technologies-limited-ipo-opens-on-july-16-2024\/","title":{"rendered":"Macobs Technologies Limited IPO Opens On July 16, 2024"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], July 15:<\/strong> Macobs\u00a0Technologies Limited,\u00a0a premium men\u2019s grooming brand, has announced its plan to go public with an Initial Public Offering (IPO)\u00a0on\u00a0July\u00a016, 2024. The company is aiming to raise\u00a0\u20b9\u00a019.46\u00a0Crores\u00a0at the\u00a0upper band\u00a0through this IPO, with shares set to be listed on the\u00a0NSE Emerge\u00a0platform.<\/p>\n<ul>\n<li>Total Issue Size \u2013 25,95,200 Equity Shares of \u20b9 10 each<\/li>\n<li>Issue Size \u2013 \u20b9 19.46 Crores (At Upper Band)<\/li>\n<li>\u00a0Price Band \u2013 \u20b9 71 \u2013 \u20b9 75 Per Share<\/li>\n<li>Lot Size \u2013 1,600 Equity Shares<\/li>\n<\/ul>\n<p>The issue size is\u00a0Up To\u00a025,95,200\u00a0equity shares at face value of\u00a0\u20b9\u00a010\u00a0each.<\/p>\n<p>Equity Share Allocation<\/p>\n<p>\u25cf\u00a0QIB Anchor Portion \u2013\u00a0Up To\u00a04,43,200\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Qualified Institutional Buyers (QIB) \u2013\u00a0Up To\u00a02,96,000Equity Shares<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a08,62,400Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013\u00a0Up To\u00a08,62,400\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a0Up To\u00a01,31,200\u00a0Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized to meet working capital requirements, prepay or repay a portion of certain outstanding borrowings, and\u00a0general corporate purposes.\u00a0The bidding for Anchor portion will open on\u00a0July15, 2024, the issue\u00a0will\u00a0open for subscription\u00a0for all other category\u00a0from\u00a0July\u00a016, 2024 and closes on\u00a0July\u00a019, 2024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue\u00a0is\u00a0SKI Capital Services Limited.\u00a0The Registrar to the Issue is\u00a0Maashitla Securities Private Limited.<\/p>\n<p>\u00a0Mr. Dushyant Gandotra, ManagingDirector of MacobsTechnologies Limited expressed, \u201cWe are delighted to announce the upcoming IPO of Macobs Technologies Limited. This significant milestone is a testament to our relentless dedication to revolutionizing the male grooming industry with innovative and high-quality products. The funds raised from this IPO will be instrumental in driving our strategic initiatives, including enhancing our e-commerce platform, accelerating product development, and expanding our customer base. Our vision is to empower men with superior grooming solutions that not only meet their needs but also promote confidence and well-being. We are excited about the future and the opportunities that lie ahead.<\/p>\n<p>Mr. Ghanisht Nagpal, Partner Merchant Banking of SKI Capital Services Limited said, \u201cMacobs Technologies Limited is strategically positioned to capitalize on the significant growth potential within the male grooming market. The company\u2019s focus on specialized below-the-belt care products aligns perfectly with evolving consumer preferences and the cultural shift towards comprehensive self-care among men. With the upcoming IPO, Macobs is set to leverage India\u2019s dynamic e-commerce sector and advanced payment systems, positioning itself for substantial growth. This initiative underscores the company\u2019s commitment to innovation and addressing market needs, making it a promising investment opportunity as India continues to surpass global e-commerce milestones.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 15: Macobs\u00a0Technologies Limited,\u00a0a premium men\u2019s grooming brand, has announced its plan&#8230;<\/p>\n","protected":false},"author":2,"featured_media":39766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-39765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/39765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=39765"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/39765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/39766"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=39765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=39765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=39765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}