Mayank Cattle Food Limited is an Oil company engaged in the business of manufacturing Cattle Food, Animal Food, Cattle Food Cake and Edible Oil.
The company operates a manufacturing facility equipped with the latest machinery and technology, situated in Rajkot, Gujarat. The facility covers an area of approximately 87,133 sq. ft.
The company currently has a production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. In the financial year 2023-24, the company expanded its installed capacity from 18,126 MT per annum to 22,896 MT per annum for Maize Oil and 36,252 MT per annum to 45,792 MT per annum for Maize Cake.
Similarly, in the financial year 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 to 36,252 MT per annum for Maize Cake. These expansions aimed to increase the scale of operations and enhance the company’s market presence.
Products are supplied to Gujarat, Delhi and Maharashtra by the company. As of December 31, 2023, the company has 120 employees, out of which 104 are workers.
Mayank Cattle Food IPO – Details
| IPO Opening Date | 29 January 2024 |
| IPO Closing Date | 31 January 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 18,00,000 Shares Worth ₹19.44 Crore Fresh Issue: 18,00,000 Shares Worth ₹19.44 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹108 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Mayank Cattle Food IPO – Date Schedule
| IPO Open Date | 29 January 2024 |
| IPO Close Date | 31 January 2024 |
| Basis of Allotment | 01 February 2024 |
| Initiation of Refund | 02 February 2024 |
| Credit of Shares to Demat Account | 02 February 2024 |
| IPO Listing Date | 05 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 31 January 2024 |
Mayank Cattle Food IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,29,600 |
| Retail (Maximum) | 1 | 1200 | 1,29,600 |
| HNI (Minimum) | 2 | 2400 | 2,59,200 |
Competitive Strengths
- Established and proven track record;
- Leveraging the experience of our Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with our customers;
- Quality Assurance & Control.
Company Promoters
- Mr. Bharatkumar Popatlal Vachhani
- Mr. Ajay Popatlal Vachhani
Object Of The 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 186.52 | 185.55 | 0.71 | 25.31 |
| 31 March 2022 | 323.00 | 321.86 | 0.79 | 31.63 |
| 31 March 2023 | 309.58 | 307.80 | 1.31 | 39.61 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32% |
| ROCE | 11.27% |
| Debt/Equity | 9.13 |
| RoNW | 27.61% |
| P/BV | 0.45 |
Mayank Cattle Food IPO Promoter Holding
| Pre Issue Share Holding | 97.50% |
| Post Issue Share Holding | 65.00% |
Mayank Cattle Food IPO Prospectus
Company Contact Information
| Mayank Cattle Food Limited R. S. No. 162, Rajkot Jamnagar Highway Near Khandheri Stadium, Vill. Naranka, Tal. Paddha Rajkot, Gujarat, 360110, Phone: +91 90333 33123 Email: cs@mayankcattlefood.com Website: https://www.mayankcattlefood.com/ |
Mayank Cattle Food IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Mayank Cattle Food IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Mayank Cattle Food IPO FAQs
| What is Mayank Cattle Food IPO? Mayank Cattle Food IPO is a SME IPO. The issue is priced at ₹108 per equity share. The IPO is to be listed on BSE SME. |
| When Mayank Cattle Food IPO will open? The IPO is to open on 29 January 2024 for NII – 50% and Retail – 50% Investors. |
| How to Mayank Cattle Food IPO? You can apply Mayank Cattle Food IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Mayank Cattle Food IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Mayank Cattle Food”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Mayank Cattle Food IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Mayank Cattle Food”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Mayank Cattle Food IPO Size? Mayank Cattle Food IPO size is ₹19.44 crores. |
| What is Mayank Cattle Food IPO Price Band? Mayank Cattle Food IPO Price Band is ₹108. |
| What is Mayank Cattle Food IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 1200 Shares with ₹1,29,600 amount while the maximum bid is 1200 shares with ₹1,29,600. |
| What is the Mayank Cattle Food IPO Allotment Date? Mayank Cattle Food IPO allotment date is 01 February 2024. |
