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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

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