Business description – Macpower CNC Machines is engaged in manufacturing of CNC Turning Centers, Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC and also Multi Tasking, 5-axis along with sub spindle. Adding to the solution capabilities, Macpower has also offered Robotic Automation integrated with CNC machines to cope up the demand of technology driven machining excellence.
Promoters of Macpower CNC Machines – Rupesh Mehta and Nikesh Mehta
| Macpower CNC Machines IPO details | |
| Subscription Dates | 12 – 14 March 2018 |
| IPO Price band | INR126 – 140 per share |
| Fresh issue | 2,615,000 shares (INR32.95 – 36.61 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,615,000 shares (INR32.95 – 36.61 crore) |
| Minimum bid (lot size) | 1,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Setting Up Backward Integration Facility – INR32.90 crore
- General Corporate Expenses
| Macpower CNC Machines’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenue | 37.57 | 42.37 | 64.26 | 64.16 | 69.55 | 46.45 |
| Total expenses | 39.35 | 41.96 | 64.03 | 63.42 | 68.48 | 42.71 |
| Profit after tax | -1.22 | 0.28 | 0.29 | 0.49 | 0.79 | 2.50 |
Macpower CNC Machines’ Contact Details
Macpower CNC Machines Limited
Plot No.2234
Nr. Krnati Gate, GIDC Metoda
Tal Lodhika, Rajkot 360 007
Phone: +91 02827 287930
Email: [email protected]
Website: www.macpowercnc.com
Macpower CNC Machines IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.73 |
| Day 2 | 1.27 |
| Day 3 | 4.89 |
Macpower CNC Machines Valuation (Latest FY)
Earnings Per Share (EPS): INR1.19
Price/Earnings (P/E) ratio: 105.88 – 117.64
Return on Net Worth (RONW): 21.70%
Net Asset Value (NAV): INR5.50 per share
Registrar of Macpower CNC Machines IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Macpower CNC Machines IPO Allotment Status
Macpower CNC Machines IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Macpower CNC Machines
IPO Opening Date: 12 March 2018
IPO Closing Date: 14 March 2018
Finalisation of Basis of Allotment: 19 March 2018
Initiation of refunds: 20 March 2018
Transfer of shares to demat accounts: 21 March 2018
Listing Date: 22 March 2018
Listing Price on NSE SME: INR149 per share (up 6.42% from IPO price)
Closing Price on NSE SME: To be updated
Why so high PE rato??
Know Macpower CNC Machines company from its promoter
https://youtu.be/G1nE1–4UW0
HSBC has invested in this company so it must be good quality…
Thanks for sharing useful info related horizontal machining