IPO Price Range: ₹71 - 75
Min Investment
₹1,20,000
IPO Size
₹19 Cr
IPO Status
Quantity in 1 Lot
1600
Max Bid allowed
1
Listing Exchange
NSE
Bid Opening Date | 16 Jul 2024 |
Bid Closing Date | 19 Jul 2024 |
Allotment Date | 22 Jul 2024 |
Issue Size | ₹19.46Cr |
Quantity in 1 lot | 1600 |
Robust systems and processes across all functions of the company.
Strong technology backbone supported by a dedicated team of experienced professionals.
Favourable macro environment.
Strong partnerships, alliances and affiliations with nodal agencies in the area of E-commerce.
Its electronic products are imported from China and expose the company to geopolitical and foreign exchange risk.
The company does not own its registered office and the locations from which the company operate.
There are certain pending legal proceedings involving the Company as well as the Promoter and Directors of the Company. Any adverse outcome on such proceedings may affect its business, financial condition and reputation.
The company is significantly dependent on Major E-commerce Platforms and Digital Media Marketing for the sale of its products.
The company has not complied with certain statutory provisions of the Companies Act. Such non-compliance may attract penalties and other actions against the Company and its Directors which could impact the financial position of it to that extent.
The company is partly dependent on third party transportation providers for delivery of goods and materials to it from its suppliers and delivery of products to the company clients. Any failure on part of such service providers to meet their obligations could have a material adverse effect on its business, financial condition and results of operation.
The company does not have a Non-Compete Agreement with its Promoter.
Certain adjustments have been made in the financial statements of the Company by its Peer Reviewed Auditors.
The Company has delayed payment of Government and statutory dues, and has been penalized.
The restated financial statements have been provided by peer reviewed chartered accountants who are not the statutory auditors of the Company.
Investors | Holdings % |
Shivam Bhateja | 32.48% |
Dushyant Gandotra | 32.48% |
Divya Gandotra | 0.01% |
Organisation | Macobs Technologies Ltd |
Headquarters | Jaipur |
Industry | E-Commerce/App based Aggregator |