Mayank Cattle Food Limited -Logo

Mayank Cattle Food Limited

MCFL

108-108

per share
Bidding Dates
29-31 Jan
Min. Investment
₹1,29,600.00
Lot Size
1200 shares
Issue Size
₹19.44 Cr
IPO Timeline
Bidding starts
29 Jan ‘24
Bidding ends
31 Jan ‘24
Allotment finalisation*
01 Feb ‘24
Refund initiation*
02 Feb ‘24
Demat transfer
02 Feb ‘24
Listing
05 Feb ‘24
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About  Mayank Cattle Food Limited

Established in 1998, Mayank Cattle Food Limited has positioned itself as a prominent player in the manufacturing industry, focusing on the production of Maize oil (Non-edible) and Maize Cake (Cattle Feed). With a steadfast commitment to quality and innovation, the company has successfully navigated the intricacies of the market, consistently delivering high-grade products.

The core business operations involve a meticulous process, starting with the procurement of Maize Germ, followed by mechanized expelling, packaging, and the subsequent sale of Maize Oil and Maize Cake. This comprehensive approach underscores their dedication to maintaining control and excellence throughout the production chain.

Mayank Cattle Food Limited attributes its success to a dynamic leadership team that serves as the driving force behind strategic decision-making. Their adept management not only oversees day-to-day affairs but also leverages industry knowledge to gain a competitive edge. This advantage has empowered the company to expand its footprint in existing markets such as Gujarat, Delhi, and Maharashtra, while also venturing into new territories for sustained growth.

The company takes pride in its diversified customer base and employs various revenue channels for product distribution. Marketing agents, brokers, and direct-to-consumer sales form integral components of their outreach strategy, ensuring a wide market presence.

At the heart of Mayank Cattle Food Limited's operations is a state-of-the-art manufacturing facility equipped with modern machinery and a robust infrastructure. The dedicated and skilled workforce diligently oversees the production process, maintaining a vigilant eye on product quality. Continuous efforts have been made since the company's inception to enhance and refine the quality of their offerings, a testament to their unwavering commitment to client satisfaction.

In conclusion, Mayank Cattle Food Limited stands as a testament to successful business practices, blending innovation, quality, and strategic decision-making to establish a strong presence in the competitive landscape of Maize oil and Maize Cake manufacturing. Their journey, marked by consistent improvement and expansion, positions them as a formidable player in the industry.

As Mayank Cattle Food Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives.

  1.  Funding Capital Expenditure towards purchase of additional plant and  machinery

      2.  To meet the Working Capital Requirements 

      3.To meet the Issue Expenses 

      4.General Corporate Purposes

Here are key details about the Mayank Cattle Food Limited IPO:

Company Name Mayank Cattle Food Limited   Mayank Cattle Food Limited IPO Opening Date January 29, 2024
Company Established On 1998   Mayank Cattle Food Limited IPO Allotment Status February 1, 2024
Mayank Cattle Food Limited IPO Closing Date  January 31, 2024   Mayank Cattle Food Limited IPO Listing Date February 5, 2024 
Credit of Shares to the Demat Account February 2, 2024   Mayank Cattle Food Limited IPO Lot Size 19.44
Mayank Cattle Food Limited IPO Face Value ₹10 per share   Mayank Cattle Food Limited IPO to be Listed on BSE
Mayank Cattle Food Limited IPO Issue Size  ₹19.44 Cr   Mayank Cattle Food Limited IPO Price band  ₹108 per share

 

 

IPO analysis

Registrar information
Name
Cameo Corporate Services Limited
Phone number
+91-44-28460390
Email ID
ipo@cameoindia.com

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