Mayank Cattle Food IPO Review – GMP, Details, Price & More

Mayank Cattle Food IPO description – Mayank Cattle Food Limited is coming up with its Initial public offering. The IPO will be open for subscription on January 29, 2024

 

Mayank Cattle Food IPO – Details

 

IPO Open Date 29 January 2024
IPO Close 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
Minimum Order 1200 Shares (1 Lot)
Listing At BSE SME
Register Cameo Corporate Services Limited
Retail Shares Offered 50%
NII (HNI) Shares Offered 50%

 

 

Mayank Cattle Food IPO – Date Schedule

 

IPO Opening Date 29 January 2024
IPO Closing Date 31 January 2024
Finalization of Basis of Allotment 01 February 2024
Refunds Initiation 02 February 2024
Transfer of shares to demat accounts 02 February 2024
Listing Date of IPO 05 February 2024

 

Harshdeep Hortico IPO 

Megatherm Induction IPO 

 

Mayank Cattle Food IPO – About Company 

Mayank Cattle Food Limited is an oil company involved in the manufacturing of Cattle Food, Animal Food, Cattle Food Cake, and Edible Oil.

Situated in Rajkot, Gujarat, the company operates a state-of-the-art manufacturing facility, spanning an area of approximately 87,133 sq. ft. Equipped with cutting-edge machinery and technology, this facility serves as the hub for the company’s production activities.

Mayank Cattle Food Limited presently boasts a production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. Notably, in the financial year 2023-24, the company underwent a capacity expansion, elevating its installed capacity from 18,126 MT per annum to 22,896 MT per annum for Maize Oil and from 36,252 MT per annum to 45,792 MT per annum for Maize Cake.

Similarly, during the financial year 2021-22, the company executed capacity expansions, increasing the installed capacity from 14,310 MT per annum to 18,126 MT per annum for Maize Oil and from 28,620 MT per annum to 36,252 MT per annum for Maize Cake. These strategic expansions were undertaken to amplify operational scale and fortify the company’s position in the market.

Mayank Cattle Food Limited distributes its products to regions in Gujarat, Delhi, and Maharashtra. As of December 31, 2023, the company’s workforce comprises 120 employees, with 104 dedicated to various roles as workers.

Mayank Cattle Food IPO Review
Mayank Cattle Food IPO Review

Mayank Cattle Food IPO – Industry Overview 

Oilseeds and edible oils are two of the most sensitive essential commodities. India is one of the largest producer of oilseeds in the world and this sector occupies an important position in the agricultural economy, accounting for the estimated production of36.56 million tons of nine cultivated oilseeds during the year 2020-21(November-October) as per 3rd Advance Estimates released by the Ministry of Agriculture on 25.05.2021.

As per Union Budget 2021-22, the basic custom duty on Crude Palm Oil has been reduced from 27.5% to 15% and that on Crude Soyabean Oil and Crude Sunflower Oil from 35 % to 15 %. An agri-cess of 17.5 % has been imposed on Crude Palm Oil and 20 % on both Crude Soyabean and Crude Sunflower Oil. With this, the effective rate of duty on Crude Palm Oil has increased from 30.25% to 35.75%. In case of Crude Soyabean and Crude Sunflower Oil, the effective rate of duty remains the same i.e. 38.5%.

With an estimated value of US$ 501.9 billion in 2o22, the global animal feed market is expected to grow at a CAGR of 3.3%. India being the fourth-largest producer of animal feed, accounted for a US$ 11.66 billion feed market in 2022. The analysis run by TPCI’s research team reveals opportunity areas for expanding exports.

 

Financial Performance

 

FY 2022 FY 2023 4M FY 2024
Revenue 322.63 309.18 75.08
Expenses 321.86 307.81 74.24
Net income 0.80 1.31 0.57

Figures in INR Crores

 

Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 1.99 2.22 3.65
PE ratio 29.59
RONW (%) 27.13 23.20 27.61
NAV 13.22
ROCE (%) 10.58 9.91 11.27
EBITDA (%) 2.12 1.34 2.05
Debt/Equity 11.83 10.94 9.13

 

Mayank Cattle Food IPO – Prospectus

 

Mayank Cattle Food IPO 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.

 

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.

 

Mayank Cattle Food IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
Coming soon

 

Mayank Cattle Food IPO – Allotment Status

Mayank Cattle Food IPO allotment status will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.

Mayank Cattle Food IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1200 1,29,600
Retail (Max) 1 1200 1,29,600
HNI (Min) 2 2400 2,59,200

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Disclaimer: No content on this website should be treated as investment advice. All the content offered on the website is for informational purposes only. Please contact your adviser before making an investment. 

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