Macpower CNC Machines IPO

Macpower CNC Machines IPOBusiness description - Macpower CNC Machines 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. Adding to the solution capabilities, Macpower has also offered Robotic Automation integrated with CNC machines to cope up the demand of technology driven machining excellence.

Promoters of Macpower CNC Machines – Rupesh Mehta and Nikesh Mehta
Macpower CNC Machines IPO details
Subscription Dates 12 - 14 March 2018
IPO Price band INR126 - 140 per share
Fresh issue 2,615,000 shares (INR32.95 - 36.61 crore)
Offer for sale Nil
Total IPO size 2,615,000 shares (INR32.95 - 36.61 crore)
Minimum bid (lot size) 1,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Setting Up Backward Integration Facility - INR32.90 crore
  • General Corporate Expenses
Macpower CNC Machines' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenue 37.57 42.37 64.26 64.16 69.55 46.45
Total expenses 39.35 41.96 64.03 63.42 68.48 42.71
Profit after tax -1.22 0.28 0.29 0.49 0.79 2.50
Macpower CNC Machines' Contact Details

Macpower CNC Machines Limited
Plot No.2234
Nr. Krnati Gate, GIDC Metoda
Tal Lodhika, Rajkot 360 007

Phone: +91 02827 287930

Macpower CNC Machines IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.73
Day 2 1.27
Day 3 4.89
Macpower CNC Machines Valuation (Latest FY)

Earnings Per Share (EPS): INR1.19

Price/Earnings (P/E) ratio: 105.88 - 117.64

Return on Net Worth (RONW): 21.70%

Net Asset Value (NAV): INR5.50 per share

Registrar of Macpower CNC Machines IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195

Macpower CNC Machines IPO Allotment Status

Macpower CNC Machines IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Macpower CNC Machines

IPO Opening Date: 12 March 2018

IPO Closing Date: 14 March 2018

Finalisation of Basis of Allotment: 19 March 2018

Initiation of refunds: 20 March 2018

Transfer of shares to demat accounts: 21 March 2018

Listing Date: 22 March 2018

Listing Price on NSE SME: INR149 per share (up 6.42% from IPO price)

Closing Price on NSE SME: To be updated

Macpower CNC Machines IPO
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