Macpower CNC Machines Ltd IPO Details

Macpower CNC Machines Ltd was extablished in 2003, Macpower CNC Machines Ltd is engaged in manufacturing of CNC Turning Centers, Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC and also Multi Tasking, 5-axis along with sub spindle.

Macpower has also offers Robotic Automation integrated with CNC machines. CNC Machining is a process used in the manufacturing sector that involves the use of computers to control machine tools.Company imports various components and parts i.e. Spindle, Ball Screw, Linear Guide ways, Linear Glass Scale, Live Tool Turret, Live Tool Holder, Probe, CNC System from Taiwan, Germany, Japan, Italy etc.

As per Macpower CNC Machines Ltd Company financials, The Company's growth is good, top line remain similar in last 5 years and there is sudden big jump in bottom line for FY18 which is very surprising, so it’s very impressive for company growth, The RoNW is 19.10 % for last three fiscals and issue looks reasonably priced as per latest earnings. Macpower CNC Machines Ltd Company is service manufacturing for CNC machines industry, there is good potential for fundamental growth. So, we Recommendation is "Neutral" rating to this SME IPO.

Macpower CNC Machines Ltd IPO Details
Issue Open	12-03-2018
Issue Close	14-03-2018
Allotment Date	20-03-2018
Unblocked Amount	21-03-2018
Listing Date	22-03-2018
Issue Share	26,15,000 Total Equity Share 1,53,000 Share Reserved by Market Maker
Issue Size	₹ 36.61 Cr Total
IPO Price Band	₹ 126 - 140
Minimum Share Bid	1000
Minimum Investment Amount [Rs]	₹ 1,26,000 - 1,40,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	NSE SME
Premium [Per Share]	NA
Average Earning Per Share	NA
Expected Listing Gain	₹ 6500

Macpower CNC Machines Ltd IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	37.57	39.35	-1.22
FY-2014	42.37	41.96	0.28
FY-2015	64.26	64.03	0.29
FY-2016	64.16	63.42	0.49
FY-2017	69.55	68.48	0.79
H1-FY-2018	46.45	42.71	2.50

Macpower CNC Machines Ltd IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offered	12,31,000	12,31,000	24,62,000
Day-1 [12-03-2018]	5,61,000 [0.46]	8,18,000 [0.67]	13,79,000 [0.56]
Day-2 [13-03-2018]	5,73,000 [1.55]	18,50,000 [2.15]	24,23,000 [0.98]
Day-3 [14-03-2018]	31,05,000 [2.53]	62,43,000 [5.07]	93,48,000 [3.80]

Macpower CNC Machines Ltd IPO Valuation Details
Earnings Per Share [EPS]	₹ 0.81
Price/Earnings [P/E] Ratio	173
-Return on Net Worth [RoNW]	21.70 %
Net Asset Value [NAV]	₹ 10.06 Per Share

Macpower CNC Machines Ltd IPO Contact Details
Macpower CNC Machines Ltd Plot No.2234,  Nr. Krnati Gate, Gidc Metoda, Tal Lodhika Dist Rajkot Pin- 360007 Gujarat India Corporate Identification Number: U30009GJ2003PLC043419 Tel. No :- 02827-287930 Fax No :- 02827 287933 Contact Person :- Ekta Shukla, Company Secretary and Compliance Officer Email :- info@macpowercnc.com Website :- www.macpowercnc.com

Registrar of Macpower CNC Machines Ltd IPO
LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083 India Tel: 022-49186200; Fax: 022-49186195 Email: srpl.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance Id: srpl.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058

Lead Managers of Macpower CNC Machines Ltd IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website: www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Lokesh Shah SEBI Registration No: INM000012110

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Macpower CNC Machines Ltd IPO Recommendations
Live IPO Team Recommendation:- Neutral