Mayank Cattle Food IPO description – Established in 1998, Mayank Cattle Food began manufacturing Maize oil (Non-edible) and Maize Cake (Cattle Feed). Specializing in these products, the company’s process encompasses maize germ procurement, mechanized expelling, and packaging for the sale of Maize Oil and Maize Cake.
Currently, Mayank Cattle Food boasts a production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. In FY 2023-24, the company augmented its installed capacity, elevating Maize Oil from 18,126 MT per annum to 22,896 MT per annum, and Maize Cake from 36,252 MT per annum to 45,792 MT per annum. Furthermore, in FY 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 MT per annum to 36,252 MT per annum for Maize Cake. These strategic expansions aim to amplify operational scale and fortify the company’s market presence.
The company operates a cutting-edge manufacturing facility in Rajkot, Gujarat, covering around 87,133 square feet. Equipped with the latest machinery and technology, it signifies a commitment to innovation and efficiency.
The company maintains a diversified customer base, predominantly spanning states such as Gujarat, Delhi, and Maharashtra. As of 31 December 2023, the company employs a total of 120 individuals, with 104 of them classified as workers.
Promoters of Mayank Cattle Food – Mr. Bharatkumar Popatlal Vachhani & Mr. Ajay Popatlal Vachhani
Table of Contents
Mayank Cattle Food IPO Details
| Mayank Cattle Food IPO Dates | 29 – 31 Jan 2024 |
| Mayank Cattle Food Issue Price | INR 108 per share |
| Fresh issue | 1,800,000 shares (INR 19.44 crore) |
| Offer For Sale | NIL |
| Total IPO size | 1,800,000 shares (INR 19.44 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 129,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Mayank Cattle Food Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 4M FY 2024 |
| Revenue | 186.32 | 322.63 | 309.18 | 75.08 |
| Expenses | 185.56 | 321.86 | 307.81 | 74.24 |
| Net income | 0.72 | 0.80 | 1.31 | 0.57 |
Mayank Cattle Food Offer News
- Mayank Cattle Food RHP
- Mayank Cattle Food Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Mayank Cattle Food Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.99 | 2.22 | 3.65 |
| PE ratio | – | – | 29.59 |
| RONW (%) | 27.13 | 23.20 | 27.61 |
| NAV | – | – | 13.22 |
| ROCE (%) | 10.58 | 9.91 | 11.27 |
| EBITDA (%) | 2.12 | 1.34 | 2.05 |
| Debt/Equity | 11.83 | 10.94 | 9.13 |
Mayank Cattle Food IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 February 2024 | 7 | – | 5,000 |
| 2 February 2024 | 9 | – | 8,000 |
| 1 February 2024 | 9 | – | 8,000 |
| 31 January 2024 | 10 | – | 10,000 |
| 30 January 2024 | 10 | – | 10,000 |
| 29 January 2024 | 10 | – | 10,000 |
Mayank Cattle Food IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 854,400 | 855,600 | 1,710,000 |
| 31 Jan 2024 | 6.01 | 11.72 | 8.87 |
| 30 Jan 2024 | 1.45 | 4.16 | 2.80 |
| 29 Jan 2024 | 0.46 | 1.10 | 0.78 |
The market maker reservation portion of 90,000 shares is not included in the above calculations.
Mayank Cattle Food IPO Allotment Status
Mayank Cattle Food IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Mayank Cattle Food IPO Dates & Listing Performance
| IPO Opening Date | 29 January 2024 |
| IPO Closing Date | 31 January 2024 |
| Finalization of Basis of Allotment | 1 February 2024 |
| Initiation of refunds | 2 February 2024 |
| Transfer of shares to demat accounts | 2 February 2024 |
| IPO Listing Date | 5 February 2024 |
| Opening Price on BSE SME | INR 116 per share (up 7.41%) |
| Closing Price on BSE SME | INR 119.95 per share (up 11.06%) |
Mayank Cattle Food Offer Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email:Â [email protected]
Website:Â www.finshoregroup.com
Mayank Cattle Food Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone:Â +91-44 4002 0700, 28460390
Email:Â [email protected]
Website:Â www.cameoindia.com
Mayank Cattle Food IPO Contact Details
MAYANK CATTLE FOOD LIMITED
R. S. No. 162, Rajkot Jamnagar Highway,
Near Khandheri Stadium, Vill. Naranka, Tal.
Paddhari, Rajkot, Gujarat, 360110, India
Phone: +91 90333 33123
E-mail: [email protected]
Website: www.mayankcattlefood.com
IPO FAQs
What is the Mayank Cattle Food offer size?
Mayank Cattle Food offer size is INR 19.44 crores.
What is the Mayank Cattle Food offer price band?
Mayank Cattle Food public offer price is INR 108 per share.
What is the lot size of the Mayank Cattle Food IPO?
Mayank Cattle Food offer lot size is 1,200 shares.
What is Mayank Cattle Food IPO GMP today?
Mayank Cattle Food IPO GMP today is INR 7 per share.
What is the Mayank Cattle Food kostak rate today?
Mayank Cattle Food kostak rate today is NA per application.
What is Mayank Cattle Food Subject to Sauda rate today?
Mayank Cattle Food are Subject to the Sauda rate today is INR 5,000 per application.
