Mayank Cattle Food Limited IPO

Price
₹108
Lot
1200
Subs.
8.83
Expected Listing Earning

Exp. Premium(GMP):
10.00(9.26%)
IPO Details

Open Date: 29-Jan-2024
Close Date: 31-Jan-2024
Allotment Date: 01-Feb-2024
Listing Date: 05-Feb-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹108 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹129,600 : HNI - ₹259,200
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved854,400854,4001,708,800
Day 1 - 29-01-24 
05:00 PM
0.46x1.10x0.78x
Day 2 - 30-01-24 
05:00 PM
1.34x4.16x2.75x
Day 3 - 31-01-24 
05:00 PM
5.90x11.77x8.83x
Total No. of Application:9,728 (Approx.)
Retail Subscription on the basis of Apps:13.66x
Valuations

Earning Per Share(EPS)3.65/-
P/E Ratio29.58
RoNW27.61%
Net Asset Value (NAV) - Post Issue:237.99/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Jul,20235,122.447,527.1557.37
31 Mar,20234,893.6430,958.14131.43
31 Mar,20224,163.8532,300.1779.92
31 Mar,20213,433.6218,652.8971.81
Promoter(s)

Pre Issue Share Holding97.50%
Post Issue Share Holding65.00%
Company Promoter(s)
1. Mr. Bharatkumar Popatlal Vachhani
2. Mr. Ajay Popatlal Vachhani
Issue Objective(s)

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
About Company

Incorporated in 1998, Mayank Cattle Food Limited is an Oil company engaged in the business of manufacturing Cattle Food, Animal Food, Cattle Food Cake and Edible Oil.

The company operates a manufacturing facility equipped with the latest machinery and technology, situated in Rajkot, Gujarat. The facility covers an area of approximately 87,133 sq. ft.

The company currently has a production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. In the financial year 2023-24, the company expanded its installed capacity from 18,126 MT per annum to 22,896 MT per annum for Maize Oil and 36,252 MT per annum to 45,792 MT per annum for Maize Cake. Similarly, in the financial year 2021-22, the company expanded its installed capacity from 14,310 MT per annum to 18,126 MT per annum for Maize Oil and from 28,620 to 36,252 MT per annum for Maize Cake. These expansions aimed to increase the scale of operations and enhance the company's market presence.

Products are supplied to Gujarat, Delhi and Maharashtra by the company.

As of December 31, 2023, the company has 120 employees, out of which 104 are workers.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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