Macobs Technologies IPO opens today: Check timeline, price band and other key details

Macobs Technologies' initial public offering (IPO) will open for subscription on Tuesday, July 16, and close on Friday, July 19.

The IPO, which has set a price band at ₹71-₹75 per equity share, aims to raise ₹19.46 crore via a fresh issue of 25.95 lakh shares.

Investors can bid for at least one lot or 1,600 shares, requiring an investment of ₹1.20 lakh. Macobs Technologies IPO has reserved 30% of the issue for qualified institutional buyers (QIBs), 35% for retail investors and 35% for non-institutional investors.

The net proceeds from the public issue will be used to meet working capital requirements, repay outstanding borrowings, customer acquisition, and general corporate purposes.

The allotment of shares is expected to be finalised on July 22, while the listing on the NSE SME platform Emerge is likely to take place on July 24.

SKI Capital Services Ltd is the book-running lead manager for the issue, while Maashilta Securities Pvt Ltd is the registrar.

Macobs Technologies: Timeline

• Bidding dates: July 16-July 19
• Allotment finalisation: July 22
• Refund initiation: July 23
• Demat transfer: July 23
• Listing: July 24

About Macobs Technologies

Founded in 2019, Macobs Technologies Ltd is engaged in developing male grooming products such as specialised trimmers, hygiene products and self-care items. Its products are sold through the e-commerce platform Menhood.

Dushyant Gandotra, Managing Director (MD) of Macobs Technologies, said, "The funds raised from this IPO will be instrumental in driving our strategic initiatives, including enhancing our e-commerce platform, accelerating product development, and expanding our customer base. Our vision is to empower men with superior grooming solutions that not only meet their needs but also promote confidence and well-being."