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Macfos Limited’s preliminary public providing (IPO) was oversubscribed on the ultimate day on Tuesday, February 21. The IPO’s worth band was mounted at Rs 96-Rs 102 per share bearing a face worth of Rs 10 every.
The SME IPO was oversubscribed 270.58 occasions on the final day. While the non-institutional buyers’ portion acquired oversubscribed by 488.82 occasions, Qualified Institutional Buyers (QIB) acquired bids 53.70 occasions. The retail buyers portion acquired oversubscribed by 268.45 occasions.
The public problem includes 2,328,000 fairness shares. The firm goals to lift Rs 23.74 crore, based on a round uploaded on BSE’s web site.
Hem Securities is the book-running lead supervisor for the difficulty, whereas Bigshare Services Pvt Ltd is the registrar.
The IPO allotment can be finalised on February 24. The shares can be credited to Demat account of profitable bidders on February 28. The problem will checklist on BSE SME platform on March 1.
Macfos Limited is an e-commerce firm. It markets a broad vary of over 12,000 digital elements by way of its web site and cell software Robu.in. It facilitates dashing up product R&D and the prototyping cycle.
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Source: www.indiatvnews.com
