Mayank Cattle Food IPO date, Brand price and Allotment date

Mayank Cattle Food IPO details: The IPO will open for you on January 29, 2024, and closed on January 31, 2024. The allotment for the IPO is expected to be completed on February 1, 2024, and the shares are expected to list on the BSE SME platform on February 5, 2024.

Mayank Cattle Food IPO date Brand price and Allotment date

Mayank Cattle About

Company Overview:

  • Established in 1998, primarily work in manufacturing maize oil (non-edible) and maize cake (cattle feed).
  • Have only one manufacturing facility in Rajkot, Gujarat, with the capacity of 22,896 MT/year for maize oil and 45,792 MT/year for maize cake.
  • But have customer base from different regions like Gujarat, Delhi, and Maharashtra only.
  • Sales channels are including marketing agents, brokers, and direct-to-consumer approaches

Where they are financially Strong or not:

  • Demonstrated consistent growth in recent years:
    • Revenue increased from Rs. 16.41 Cr in FY22 to Rs. 22.93 Cr in FY23.
    • Net profit rose from Rs. 0.67 Cr in FY22 to Rs. 1.42Cr in FY23.
  • Profitability margins remain healthy, with net profit margin at approximately 6.2% in FY23 as the data available on the internet.

Mayank Cattle Strengths:

  • Established player in the cattle feed market with a growing customer base.
  • Strong focus on quality and product innovation as they were following all government nomos.
  • Efficient production process with modern facilities.
  • Diversified sales channels and geographical reach.

Weaknesses:

  • Relatively small-scale company with limited market share as compared to larger players are already well stablished in this field.
  • Dependent on a single raw material (maize) for both oil and feed production can be a challenging if its production reduces or cost increases .
  • Competitive landscape in the cattle feed industry.

Why you invest in this IPO:

  • Growing demand for cattle as the population growing day by day the the demand of milk and meat consumption will definitely increase.
  • Potential for expansion into new geographies and product categories might be increased.
  • Government initiatives aimed for boosting the livestock sector(primary) which could provide them a great soft hand.

Things you should concern about:

  • Volatility in maize prices could impact profitability and you money can face a small lose.
  • Competition from established players and potential new entrants can give them a big challenge if they will not work on upgradation.
  • Increasing input costs and potential economic slowdown because we are still trying to recover from COVID-19 could affect consumer demand.

Objects of the Issue:

  • Fund Capital Expenditure for additional plant and machinery purchases
  • Meet Working Capital Requirements Now
  • To Meet Issue Expenses
  • General Corporate Purposes

Mayank Cattle Food IPO Date & Price Band Details

IPO Open:January 29, 2024
IPO Close:January 31, 2024
IPO Size:Approx ₹19.44 Crores, 1,800,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹108 Per Equity Share
IPO Listing on:BSE SME
Retail Quota:50% of the net offer
QIB Quota:[.]% of the net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here

Mayank Cattle Food IPO Market Lot

ApplicationLot SizeSharesAmount
Retail Minimum11200₹129,600
Retail Maximum11200₹129,600
S-HNI Minimum22400₹259,200

Mayank Cattle Food IPO Dates

IPO Open Date:January 29, 2024
IPO Close Date:January 31, 2024
Basis of Allotment:February 1, 2024
Refunds:February 2, 2024
Credit to Demat Account:February 2, 2024
IPO Listing Date: February 5, 2024

Mayank Cattle Food Company Financial Report


Amount is in Cr.
2021202220232023 6M
Revenue (₹)₹186.53₹323.00₹309.58₹75.27
Expense (₹)₹185.56₹321.86₹307.81₹74.24
PAT (₹)₹0.72₹0.80₹1.31₹0.57

PAT:- profit after Tax.

Company Address if you want to contact:

CategoryDetails
Peer GroupN/A
Company PromotersMr. Bharatkumar Popatlal Vachhani, Mr. Ajay Popatlal Vachhani
Mayank Cattle Food IPO RegistrarCameo Corporate Services Limited
Registrar Phone+91-44-28460390
Registrar Email[email protected]
Registrar Websitehttps://ipo.cameoindia.com/
IPO Allotment StatusCheck Mayank Cattle Food IPO allotment status on Cameo Corporate Services website URL. Click Here
IPO Lead ManagersFinshore Management Services Limited
Company AddressMayank Cattle Food Limited R. S. No. 162, Rajkot Jamnagar Highway Near Khandheri Stadium, Vill. Naranka, Tal. Paddha Rajkot, Gujarat, 360110
Company Phone+91 90333 33123
Company Email[email protected]
Company Websitehttps://www.mayankcattlefood.com/

Frequently asked question asked buy the investors:

When Mayank Cattle Food IPO will open for investing?

This IPO is to open on January 29, 2024 for NII, and Retail Investors.

What is Mayank Cattle Food IPO Investors Portion?

Investor and Retail portions for National Income Investment is 50% each.

What is Mayank Cattle Food IPO Size?

Mayank Cattle Food’s Initial Public Offering size has been estimated as Rs19.44 Crore.

What is Mayank Cattle Food IPO Price Band?

Mayank Cattle Food’s Initial Public Offering Price Band has been set at Rs108 per equity share.

What is Mayank Cattle Food IPO Minimum and Maximum Lot Size?

For this IPO bid of 1200 shares total of Rs129,600 are being accepted.

What is Mayank Cattle Food IPO Allotment Date?

Mayank Cattle Food’s Initial Public Offering will begin allotting shares on February 1, 2024.

What is Mayank Cattle Food IPO Listing Date?

Mayank Cattle Food’s initial public offering (IPO) date will be February 5, 2024 at BSE SME.

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