Macpower CNC Machines Ltd IPO

Macpower CNC Machines Ltd

Issue Open

Mar 12, 2018

Price Band

₹ 126 - ₹ 140

Issue Size

₹ 36.61 Cr

Credit of Shares to Demat

-

Issue Close

Mar 14, 2018

Bid Lot

1000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

1000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Mar 22, 2018

Refunds

-

About the company:

Macpower CNC machines started work with with Lathe Machines, on the tiny basis. Now they have achieved Landmark of 12000 machines running successfully all over India as well as abroad. MacPower is ISO registered (ISO 9001:2008) by BSCIC India and also completely quality assurance label by Tuv Suddeutschland India Pvt Ltd. (Germany). Macpower also offers Robotic Automation integrated with CNC machines to cope up the demand of technology driven machining excellence.

Date of establishment: Macpower CNC Machines Limited was established in 2003.  

Product & Service Offering: It manufactures CNC Turning Centres, Vertical Machining Centres, Horizontal Machining Centres, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centres, Drill Tap Centre, Twin Spindle VMC and also Multi-Tasking, 5-axis along with sub spindle

 

Promoters of MacPower CNC Machines ltd.: Rupesh Mehta and Nikesh Mehta are the promoters of MacPower CNC Machines Ltd.

 

Customer segment: Company supplies series of Machines to Government of India units like Ordnance Factories, Public Sector Undertakings (PSUs), Educational Institutes of State and Central Government, Research Centres and is firmly establishing footholds in those categories.

 

Objects of the Issue:The objects of the Offer is to:-

-     Setting of backward integration facility
-     General corporate purpose

Company Financials

 

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

14.37

25.78

26.71

24.99

32.40

Total revenue

37.57

42.37

64.26

64.16

69.55

Total expenses

39.35

41.96

64.03

63.42

68.48

Profit after tax

-1.22

0.28

0.29

0.49

0.79

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