Macfos Ltd’s Initial Public Offer (IPO) is going to open for public subscription on Friday, February 17, 2023 this week and the three-day initial share sale will end on Tuesday, February 21, 2023. The price of the offer is fixed at the band since 96 102 per share.
macfos ipo One SME Issue consisting of 2,328,000 Equity Shares of face value 10 overall 24 crores. The Offer comprises an Offer for Sale (OFS) by the Selling Shareholders. The company has said in its offer documents that the selling shareholders will receive the entire proceeds from the OFS and the company will not receive any share of the issue proceeds. The shares of the company are expected to get listed on BSE SME on March 1, 2023. BigShare Services Private Limited is the Registrar to the Issue.
Company Overview –
Macfos Limited is an e-commerce based company based in Pune, marketing a wide range of 12000+ electronic components through its website and mobile application Robu.in. This facilitates faster product R&D and prototyping cycles. The company’s products are used in basic and advanced engineering products and projects, including emerging technologies such as IoT, robotics, automation, drones, electric vehicles, 3D printing and auto-guided vehicles. Atul Maruti Dambre, Binod Prasad and Nileshkumar Purushottam Chavan are the promoters of the company.
The company has served 80,000+ customers across 10153 pin codes through 2.05 lakh orders in FY21-22. The customer base includes corporate customers and retail customers such as electrical and mechanical engineering students, educational institutions, researchers and developers turning their ideas into reality.
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