Macobs Technologies makes market debut at 28% premium on NSE SME

Macobs Technologies, founded in 2019, offers a range of male grooming products, including specialised trimmers, hygiene items, and self-care essentials.

Macobs Technologies Ltd made a strong market debut on the NSE SME platform on July 24, with shares of the company listing at Rs 96 apiece, a premium of 28 percent from its issue price of Rs 75.

The IPO, which is a fresh issue of 25.95 lakh shares, aimed to raise Rs 19.46 crore for the company.

The price band for the Macobs Technologies IPO was set between Rs 71 and Rs 75 per share. Bidding for the IPO was open from July 16 to July 19 and the allotment process was finalised on July 22.

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The IPO has attracted significant early interest, with the company raising Rs 3.32 crore from anchor investors before the public offering. SKI Capital Services Ltd is the book running lead manager, while Maashitla Securities Pvt Ltd is the registrar for the issue.

For retail investors, the minimum lot size was 1,600 shares, which required an investment of Rs 1.2 lakh. High-net-worth individuals (HNIs) invested in a minimum lot size of 3,200 shares, totaling Rs 2,40,000.

Macobs Technologies, founded in 2019, offers a range of male grooming products, including specialised trimmers, hygiene items, and self-care essentials. The company operates exclusively online through its website, menhood.in, without a physical retail presence.

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