Mayank Cattle Food IPO Details ( Mayank Cattle Food Limited IPO Review )
(29 Jan 2024 – 31 Jan 2024)
Established in 1998, Mayank Cattle Food Limited is an oil company specializing in the production of Cattle Food, Animal Food, Cattle Food Cake, and Edible Oil.
Our state-of-the-art manufacturing facility, located in Rajkot, Gujarat, spans approximately 87,133 square feet and is equipped with the latest machinery and technology.
Currently, our production capacity stands at 22,896 metric tons per annum for Maize Oil and 45,792 metric tons per annum for Maize Cake. In the fiscal year 2023-24, we expanded our capacity from 18,126 to 22,896 metric tons per annum for Maize Oil and from 36,252 to 45,792 metric tons per annum for Maize Cake. Similarly, in the fiscal year 2021-22, we increased our capacity from 14,310 to 18,126 metric tons per annum for Maize Oil and from 28,620 to 36,252 metric tons per annum for Maize Cake. These expansions were aimed at scaling up our operations and strengthening our market presence.
We proudly supply our products to Gujarat, Delhi, and Maharashtra.
As of December 31, 2023, our dedicated team comprises 120 employees, with 104 of them being workers.
Mayank Cattle Food Limited IPO Competitive Strength
- Quality Products
- Quality assurance and Standard
- Well Established Manufacturing facility
- Experience Management Team.
Mayank Cattle Food IPO Financials Performance ( Results )
Mayank Cattle Food Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 3,433.62 | 18,652.89 | 71.81 | 1.99 | 264.63 | 244.63 | 2,531.49 |
| 31-Mar-22 | 4,163.85 | 32,300.17 | 79.92 | 2.22 | 344.56 | 324.56 | 3,163.53 |
| 31-Mar-23 | 4,893.64 | 30,958.14 | 131.43 | 3.65 | 475.99 | 455.99 | 3,961.00 |
| 31-Jul-23 | 5,122.44 | 7,527.15 | 57.37 | 1.59 | 533.37 | 173.37 | 3,788.35 |
Objective of Mayank Cattle Food IPO Issue
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Mayank Cattle Food IPO Basic Details
| IPO Date | Jan 29, 2024 to Jan 31, 2024 |
| Listing Date | Monday, February 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹108 per share |
| Lot Size | 1200 Shares |
| Issue Size | 1,800,000 shares of ₹10 (aggregating up to ₹19.44 Cr) |
| Fresh Issue | 1,800,000 shares of ₹10 (aggregating up to ₹19.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,600,000 |
| Share holding post issue | 5,400,000 |
| Company Promoters | Mr. Bharatkumar Popatlal Vachhani & Mr. Ajay Popatlal Vachhani |
Mayank Cattle Food IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Mayank IPO Timetable
Mayank IPO will open on January 29, 2024 and close on January 31, 2024. You can join Mayank IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 29 January 2024 (Monday) |
| Closing Date | 31 January 2024 (Wednesday) |
| Basis of Allotment | 1 February 2024 (Thursday) |
| Initiation of Refunds | 2 February 2024 (Friday) |
| Credit of Shares to Demat | 2 February 2024 (Friday) |
| Listing Date | 5 February 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 31 January 2024 |
Mayank Cattle IPO Lot Size
For retail investors in Mayank Cattle IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹129,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹129,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| S-HNI (Min) | 2 | 2400 | ₹259,200 |
Mayank Cattle Food IPO Promoter Holding
The company’s promoters include Mr. Bharatkumar Popatlal Vachhani and Mr. Ajay Popatlal Vachhani.
| Pre Issue Share Holding | 97.50% |
| Post Issue Share Holding | 65.00% |
Mayank Cattle Food Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 58.32 |
| Earning Per Share (EPS) | ₹3.65 per Equity Share |
| Net Asset Value (NAV) | ₹13.22 per Equity Share |
| P/E Ratio (P/E) (x) | 29.58 |
| Post P/E Ratio (P/E) (x) | 33.89 |
| Return on Net Worth (RoNW) (%) | 27.61 |
| Return on equity (ROE) (%) | 32 |
| Return on Capital Employed (ROCE) (%) | 11.27 |
| Debt/Equity Ratio | 9.13 |
| Price/Book Value Ratio | 0.45 |
Mayank Cattle Food Ltd Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.
Mayank Cattle Food IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹10 | – | – |
| 31 January 2024 | ₹10 | – | – |
| 30 January 2024 | ₹10 | – | – |
| 29 January 2024 | ₹10 | – | – |
| 28 January 2024 | ₹10 | – | – |
Mayank Cattle Food IPO Detail Video:
link
Mayank Cattle Food IPO Subscription Status (Bidding Detail)
The Mayank Cattle Food IPO on January 31, 2024 at 7:30:00 PM was subscribed 8.83 times, with the retail category being subscribed 11.77 times, the Other category being subscribed 5.90 times.
| Category | Subscription |
| Other | 5.90x |
| Retail | 11.77x |
| Total | 8.83x |
Mayank Cattle Food IPO Prospectus
| Mayank Cattle Food IPO DRHP | Download |
| Mayank Cattle Food IPO RHP | Download |
| Mayank Cattle Food IPO Anchor Investors Details PDF | Download |
Mayank Cattle Food IPO Rating
| Our Rating | 2.0/5.0 |
Mayank Cattle Food Company Contact Information
Mayank Cattle Food Limited
Registered Office: R. S. No. 162, Rajkot Jamnagar Highway, Near Khandheri Stadium, Vill. Naranka, Tal. Paddhari, Rajkot, Gujarat, 360110, India
Contact Person: Mrs. payalben Mrugesh Pandya, Company Secretary & Compliance Officer
Tel No: +91 96870 42870,
E-Mail ID: cs@mayankcattlefood.com
Website: www.mayankcattlefood.com
CIN: U01210GJ1998PLC033969
Our Promoters: Mr. Bharatkumar Popatlal Vachhani & Mr. Ajay Popatlal Vachhani
Mayank Cattle Food IPO Registrar
Cameo Corporate Services Limited
Registered Office: “Subramanian Building”, No. 1, Club House Road, Chennai – 600 002, India
Telephone: +91-44-40020700 (5 lines)
Email: ipo@cameoindia.com
Contact Person: Ms. K. Sreepriya
Website: www.cameoindia.com
Investor Grievance Email: investor@cameoindia.com
SEBI Registration Number: INR000003753
CIN No: U67120TN1998PLC041613
Mayank Cattle Food IPO Lead Manager
Finshore Management Services Limited
Registered Office: Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal, India.
Telephone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Contact Person: Mr. S. Ramakrishna Iyengar
Website: www.finshoregroup.com
Investor Grievance Email: investors@finshoregroup.com
SEBI Registration No: INM000012185
CIN No: U74900WB2011PLC169377
Mayank Cattle Food IPO FAQs
What is the lot size of Mayank Cattle Food IPO?
The total size of Mayank Cattle Food IPO is ₹19.44 crores and this is a complete fresh Issue.
When will Mayank Cattle Food IPO start?
Mayank Cattle Food IPO will open from 29 January 2024 and IPO will close on 31 January 2024.
What is the open date of Mayank Cattle Food IPO?
Mayank Cattle Food IPO will open date from 29 January 2024.
What is the last date ( close date ) of Mayank Cattle Food IPO?
Mayank Cattle Food IPO will close from 31 January 2024.
What is the price band of Mayank Cattle Food IPO?
Mayank Cattle Food IPO price band is ₹108.
What is the minimum amount required to apply for Mayank Cattle Food IPO?
The minimum investment for retailers to apply for Mayank Cattle Food IPO is ₹129,600 and the maximum investment is ₹129,600.
What is going on gray market premium of Mayank Cattle Food IPO?
View gray market premium of Mayank Cattle Food IPO by Clicking Here
How much is the GMP of Mayank Cattle Food IPO?
Watch Mayank Cattle Food IPO GMP Today: Click Here
What is the allotment date of Mayank Cattle Food IPO?
The allotment date of Mayank Cattle Food IPO is 1 February 2024.
How to check allotment status in Mayank Cattle Food IPO?
To check the allotment status of Mayank Cattle Food IPO, first of all go to the registrar website by clicking here, select your bad Mayank Cattle Food IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Mayank Cattle Food IPO?
The listing date of Mayank Cattle Food IPO is 5 February 2024.
How much will be the listing gain in Mayank Cattle Food IPO?
View listing gain of Mayank Cattle Food IPO by Clicking Here
How much time Mayank Cattle Food IPO is subscribed?
Total 8.83 times subscribed in Mayank Cattle Food IPO out of which 11.77 times subscription was done in retail quota, 5.90 times subscription in other quota.
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