Mayank Cattle Food Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Mayank Cattle Fo

CMP

175.00

+14.50 (9.03%)

  • DRHP
₹108

Offer Price

₹ 19.44 Cr

Issue Size

₹ 1,29,600

Min Investment

1,200

Lot size

Time Line

  • 29
    Jan 2024
    Open
  • 31
    Jan 2024
    Close
  • 01
    Feb 2024
    Finalisation of Basis of Allotment
  • 02
    Feb 2024
    Initiation of Refunds
  • 02
    Feb 2024
    Transfer of Shares to Demat Account
  • 05
    Feb 2024
    Listing Date

Objects of the Offer

  • Focus on Increase in Volume of Sales.

  • Reduction of operational costs and achieving efficiency.

  • Improving operational efficiencies.

  • Leverage and enhance its goodwill in the market.

  • Leveraging its Market skills and Relationships.

Products & Services

  • Mayank Cattle Food Limited is engaged in manufacturing of Maize Cake & Maize Oil (Non-edible).

Strengths

  • Established and proven track record.

  • Leveraging the experience of its Promoters.

  • Experienced management team and a motivated and efficient work force.

  • Cordial relations with its customers.

  • Quality Assurance & Control.

Risks

  • The Company, Promoter Group and Group Entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.

  • Increase in the prices of its raw material may have an adverse effect on the company`s business.

  • The company`s business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.

  • Any reduction in the demand for its products could lead to underutilisation of the company manufacturing capacity.

  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
17.50%
Pre Holding

52.50%

Post Holding

35.00%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 186.32 (-) 322.63 (73.20%) 309.18 (-4.20%)
Gross Profit 186.32 (-) 322.63 (73.20%) 309.18 (-4.20%)
Net Income 186.32 (-) 322.63 (73.20%) 309.18 (-4.20%)
Assets 186.32 (-) 322.63 (73.20%) 309.18 (-4.20%)
Liabilities 186.32 (-) 322.63 (73.20%) 309.18 (-4.20%)

Book Running Managers

  • Finshore Management Services Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

R S #162 Rajkot Jamnagar H Way,
Vill Naranka Tal Paddhari,
Rajkot - 360110
Phone : +91 90333 33123 Email : cs@mayankcattlefood.com www.mayankcattlefood.com

Offer Related Information

Initial public offer of 18,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Mayank Cattle Food Limited (the "Company" or the "Issuer") for cash at a price of Rs. 108/- per equity share, including a share premium of Rs. 98/- per equity share (the "Issue Price"), aggregating to Rs. 19.44 crores ("The Issue"), of which 90,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 108/- per equity share, aggregating to Rs. 0.97 crores will be reserved for... More

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: