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MAYANK CATTLE

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Jan 29 to Jan 31, 2024
Price Band ₹108
Current GMP ₹116 (7.41%)
Subscription 8.83 times

IPO Details

IPO Date
January 29, 2024 to January 31, 2024
Listing Date
Monday, February 5, 2024
Face Value
₹10 per share
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 At
BSE SME
Share holding pre issue
3,600,000
Share holding post issue
5,400,000
Market Maker portion
90,000 shares Rikhav Securities

IPO Subscription Details

Market Maker
1
Non-Institutional Buyers*
5.90
Retail Investors
11.77
Total **
8.83

Day Wise Sub

DayDay 1 Jan 29, 2024
NII*0.46
Retail1.10
Total0.78
DayDay 2 Jan 30, 2024
NII*1.34
Retail4.16
Total2.75
DayDay 3 Jan 31, 2024
NII*5.90
Retail11.77
Total8.83

Day Wise GMP

Date05-02-2024
Price108.00
GMP9 (8.33%)
Estimate List Price117
Date04-02-2024
Price108.00
GMP9 (8.33%)
Estimate List Price117
Date03-02-2024
Price108.00
GMP5 (4.63%)
Estimate List Price113
Date02-02-2024
Price108.00
GMP5 (4.63%)
Estimate List Price113
Date01-02-2024
Price108.00
GMP10 (9.26%)
Estimate List Price118
Date31-01-2024
Price108.00
GMP10 (9.26%)
Estimate List Price118
Date30-01-2024
Price108.00
GMP10 (9.26%)
Estimate List Price118
Date29-01-2024
Price108.00
GMP10 (9.26%)
Estimate List Price118
Date28-01-2024
Price108.00
GMP10 (9.26%)
Estimate List Price118
Date27-01-2024
Price108.00
GMP10 (9.26%)
Estimate List Price118
Date26-01-2024
Price108.00
GMP0 (0%)
Estimate List Price108
Date25-01-2024
Price108.00
GMP0 (0%)
Estimate List Price108
Date24-01-2024
Price108.00
GMP0 (0%)
Estimate List Price108
Date23-01-2024
Price108.00
GMP0 (0%)
Estimate List Price108
Date22-01-2024
Price108.00
GMP0 (0%)
Estimate List Price108

IPO Important Dates

IPO Open Date
Monday, January 29, 2024
IPO Close Date
Wednesday, January 31, 2024
Basis of Allotment
Thursday, February 1, 2024
Initiation of Refunds
Friday, February 2, 2024
Credit of Shares to Demat
Friday, February 2, 2024
Listing Date
Monday, February 5, 2024
Cut-off time for UPI mandate confirmation
5 PM on January 31, 2024

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1200
Amount₹129,600
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹129,600
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹259,200

Financial Information

Period EndedPeriod Ended
31 Jul 202331 Jul 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Jul 20235,122.44
31 Mar 20234,893.64
31 Mar 20224,163.85
Period EndedRevenue
31 Jul 20237,527.15
31 Mar 202330,958.14
31 Mar 202232,300.17
Period EndedProfit After Tax
31 Jul 202357.37
31 Mar 2023131.43
31 Mar 202279.92
Period EndedNet Worth
31 Jul 2023533.37
31 Mar 2023475.99
31 Mar 2022344.56
Period EndedReserves and Surplus
31 Jul 2023173.37
31 Mar 2023455.99
31 Mar 2022324.56
Period EndedTotal Borrowing
31 Jul 20233,788.35
31 Mar 20233,961.00
31 Mar 20223,163.53

Key Performance Indicator

ROE
32%
ROCE
11.27%
Debt/Equity
9.13
RoNW
27.61%
P/BV
0.45
EPS (Rs)
3.65

IPO Reservation

Anchor Investor Shares Offered
-
Market Maker Shares Offered
90,000 (5.00%)
Other Shares Offered
855,600 (47.53%)
Retail Shares Offered
854,400 (47.47%)
Total Shares Offered
1,800,000 (100%)

Information 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

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