Mayank Cattle Food Limited is a cattle feed manufacturing company releasing its IPO today. The company has opened its IPO on 29 January 2024 and will close on 31 January 2024. The IPO consists of the issue of all fresh shares. There will be no offer for sale in the IPO. Everyone is eager to know more about this IPO. Mayank Cattle Food will have a fixed issue price of Rs. 19.44 Crore. Let us explore Mayank Cattle Food IPO opening date, closing date, and fresh issue listing date below.
Mayank Cattle Food IPO has been open on 29 January 2024 and will close on 31 January 2024 at a face value of Rs. 10 per share. The company expects to have Rs. 108 per share with a Lot Size of 1200 shares. The company is issuing 1,800,000 fresh shares that value up to Rs. 19.44 Crore. The shares will consist of all fresh shares with no offer for sale. The listing will take place at BSE SME. Mayank Cattle Food Limited was incorporated in 1998 as an Oil company that manufactures cattle food, animal food, cattle food cake, and more. The company has been running successfully for more than three decades. We will update more information about the IPO’s subscription and allotment status shortly. The company expects to have a positive opening in the market.
Mayank Cattle Food will have 5% of market shares, 47.5% of other shares, and 47.5% of retail shares. The company expects the basis of allotment by 1 February 2024 with the initiation of refunds by 2 February along with Demat credits. The company expects to list on the share market by 5 February 2024.
Many questions about whether to choose Mayank Cattle Food shares. The company has made revenue of Rs. 7,527.15 Lakhs by Jul 2023 with Profit After Tax of Rs. 57.37 Lakhs. The company marks a net worth of Rs. 533.37 Lakhs by the July 2023 end.
Mayank Cattle Food has had a GMP of Rs. 10 since the beginning. It might grow further in the coming days. With a GMP of Rs. 10, the expected listing price is said to be Rs. 118. The company has been subscribed 0.56 times on its first day till now. The NII has subscribed 0.33x with Retails of 0.79x. We hope you get enough details about Mayank Cattle Food above.