Mayank Cattle Food Limited IPO Details, Date and Lot Size

Mayank Cattle Food Limited IPO Details

Mayank Cattle Food Limited is set to embark on its initial public offering (IPO) from January 29, 2024, to January 31, 2024. Priced at ₹108 per share with a face value of ₹10 per share, the IPO comprises a fixed price issue type listed on BSE SME. With a lot size of 1200 shares, the company aims to raise ₹19.44 Crores through a fresh issue of 1,800,000 shares.

The IPO marks a significant step for Mayank Cattle Food Limited in expanding its market presence within the cattle food industry. Here are the key data of Mayank Cattle Food Limited IPO listed in the table below:

Mayank Cattle Food Limited IPO Date

Mayank Cattle Food Limited is poised to launch its Initial Public Offering (IPO) on Monday, January 29, 2024, with the subscription window closing on Wednesday, January 31, 2024.

Priced at ₹108 per share, the fixed price issue offers investors an opportunity to participate in the company's growth. The tentative listing date for the IPO is set for Monday, February 5, 2024, representing a crucial milestone for Mayank Cattle Food Limited in solidifying its presence in the cattle food industry. 

Mayank Cattle Food IPO Lot Size

Mayank Cattle Food IPO offers investors a lot size of 1200 shares, allowing them to bid in multiples of this quantity. Retail investors can participate with a minimum of 1 lot (1200 shares), while HNI investors have the option to bid for a minimum of 2 lots (2400 shares), providing flexibility in investment choices.

Mayank Cattle Food Limited

Established in 1998, Mayank Cattle Food Limited is a prominent player in the oil industry, specializing in the production of Cattle Food, Animal Food, Cattle Food Cake, and Edible Oil. Headquartered in Rajkot, Gujarat, the company boasts a state-of-the-art manufacturing facility spanning approximately 87,133 sq. ft.

Armed with cutting-edge machinery and technology, the company has steadily increased its production capacity over the years. In the fiscal year 2023-24, Mayank Cattle Food Limited augmented its capabilities to manufacture 22,896 MT per annum of Maize Oil and 45,792 MT per annum of Maize Cake, marking a strategic expansion from the previous capacities of 18,126 MT and 36,252 MT, respectively.

This growth trend continued in the fiscal year 2021-22, where the company enhanced its production capacities for Maize Oil and Maize Cake, showcasing a commitment to scaling operations and fortifying its position in the market.