Schedule of Macobs Technologies
| Issue open date | 16 Jul 2024 |
| Issue close date | 19 Jul 2024 |
| UPI mandate deadline | 19 Jul 2024 (5 PM) |
| Allotment finalization | 22 Jul 2024 |
| Refund initiation | 23 Jul 2024 |
| Share credit | 23 Jul 2024 |
| Listing date | 24 Jul 2024 |
| Mandate end date | 03 Aug 2024 |
| Lock-in end date for anchor investors (50%) | 22 Aug 2024 |
| Lock-in end date for anchor investors (remaining) | 22 Oct 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Macobs Technologies
Incorporated in 2019, Macobs Technologies operates within the male grooming industry, specializing in the niche area of below-the-belt grooming, and conducts its business exclusively through e-commerce channels such as its website https://menhood.in/, without maintaining physical stores or a traditional retail footprint. The company is primarily engaged in direct-to-consumer sales, catering to a vast and diverse customer base.
The company offers a range of products specifically designed for men’s grooming needs, encompassing tools like specialized trimmers for sensitive areas, hygiene products tailored for male skin, and various self-care items. Beyond its product range, The Company is dedicated to educating and changing societal perceptions about male grooming, primarily leveraging online platforms. This involves creating and sharing content that promotes awareness and open conversation on topics traditionally considered taboo.
Financials of Macobs Technologies
Issue size
| Funds raised in the IPO | Amount |
| Overall | ₹19.46 crores |
| Fresh issue | ₹19.46 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 12 (61.7%) |
| Customer Acquisition – Marketing & Awareness | 2 (10.3%) |
| Debt reduction | 1.5 (7.7%) |
| General corporate purposes | 3.96 (20.3%) |
*All figures are in ₹ crores
Strengths
- Niche market focus: Specialization in below-the-belt grooming for men sets the company apart in a market that has traditionally overlooked this segment.
- E-commerce model: Operating exclusively online allows for broader market reach, reduced overhead costs, and flexibility in scaling up operations.
Risks
- Dependence on imports from China: The Company significantly relies on the import of electronics from China, which subjects them to various risks associated with geopolitical relations between India and China. Fluctuations in these international relations can lead to trade restrictions, import duties alterations, or supply chain disruptions. Losing any of these major suppliers could negatively impact revenue and profitability.
- Dependence on major E-commerce platforms: Historical reliance on major e-commerce platforms and digital media marketing for operations places the company in a position where the ability to negotiate effectively with these platforms is limited. Any changes in the existing terms and conditions, pricing structures, or policies of these platforms could directly and adversely impact revenue and profitability.
Note:
- The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
- The allotment status will be available by July 23, 2024, on the registrar’s website and the NSE website.