Macfos Limited’s preliminary public providing (IPO) was oversubscribed on the ultimate day on Tuesday, February 21. The IPO’s value band was mounted at Rs 96-Rs 102 per share bearing a face worth of Rs 10 every.
The SME IPO was oversubscribed 270.58 instances on the last day. While the non-institutional buyers’ portion obtained oversubscribed by 488.82 instances, Qualified Institutional Buyers (QIB) obtained bids 53.70 instances. The retail buyers portion obtained oversubscribed by 268.45 instances.
The public situation includes 2,328,000 fairness shares. The firm goals to increase Rs 23.74 crore, in accordance to a round uploaded on BSE’s web site.
Hem Securities is the book-running lead supervisor for the difficulty, whereas Bigshare Services Pvt Ltd is the registrar.
The IPO allotment will likely be finalised on February 24. The shares will likely be credited to Demat account of profitable bidders on February 28. The situation will list on BSE SME platform on March 1.
Macfos Limited is an e-commerce firm. It markets a broad vary of over 12,000 digital parts by its web site and cellular utility Robu.in. It facilitates dashing up product R&D and the prototyping cycle.
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