Macobs Technologies IPO subscribed 195 times on the final day; check allotment and listing date

Macobs Technologies IPOs closed on Friday, July 19, with a massive subscription lead by high demand from NIIs and retail investors. The male grooming products maker's initial public offer was booked 195 times on the final day of bidding.

The NSE SME public offer received bids for 39.41 crore shares against the 20.2 lakh shares available for bidding.

Macobs Technologies IPO was subscribed 265.17 times in the Non-Institutional Investors’ (NII) category. Non-Institutional Investors placed bids for more than 22.86 crore shares compared to 8.62 lakh shares reserved for the category.

Macobs Technologies IPO was subscribed 161.37 times in the retail category, with applications for 13.91 crore shares against 8.62 lakh shares set aside for the segment. The Qualified Institutional Buyers (QIBs) placed applications for over 2.63 crore shares compared to 2.96 lakh shares set aside for the category. The NSE SME issue was subscribed 88.91 times in the QIBs category.

Macobs Technologies IPO share allotment status, listing date and other details

The NSE SME issue’s subscription window opened on Tuesday, July 16 and closed today, Friday, July 19. Macobs Technologies IPO share allotment status is likely to be decided by Monday, July 22. Refunds will be initiated for unsuccessful bidders on Tuesday, July 23, and successful bidders will receive shares of Macobs Technologies in their Demat accounts on the same day. Shares of Macobs Technologies are likely to list on the NSE SME platform, Emerge, on July 24.

Macobs Technologies IPO price band, issue size and minimum investment

Macobs Technologies IPO price band was fixed at ₹71 to ₹75 per share. The IPO consisted of a fresh issue of 25.95 lakh shares. The book-built issue was valued at ₹19.46 crore.

The minimum lot size for retail investors in the IPO was 1,600 shares, aggregating to an investment of ₹1,20,000.

About Macobs Technologies

Macobs Technologies Limited was founded in 2019. It manufactures male grooming products and sells them through its website.