Mayank Cattle Food IPO: A Prime Opportunity in Edible Oil and Animal Feed Market – Subscription Open Until January 31

Mayank Cattle Food IPO subscription window started on January 29. Investors are keen to take advantage of this opportunity as the IPO opens for subscription today and ends on January 31. 

Understanding the Mayank Cattle Food IPO

The famous oil company Mayank Cattle Food Limited is an expert in producing edible oil, animal food, cattle food cake, and cattle food. The company’s working headquarters are housed in its state-of-the-art 87,133 square foot production plant in Rajkot, Gujarat. With a strong annual production capacity of 22,896 MT for maize oil and 45,792 MT for maize cake, Mayank Cattle Food is a prominent player in the market.

IPO Details

The Mayank Cattle Food IPO is a fixed price issue, aiming to raise ₹19.44 crores through a fresh issue of 18 lakh shares. The  IPO, which is priced at ₹108 per share, presents small and medium-sized enterprises (SME) and individual investors with an attractive opportunity. Notably, the minimum lot size for an application is set at 1200 shares, requiring a minimum investment of ₹129,600 for retail investors. High Net Worth Individuals (HNI) have the option to invest in 2 lots (2,400 shares), amounting to ₹259,200.

It’s noteworthy that retail investors have a reserved allocation of not more than 50 percent of the total issue, underscoring the equitable distribution strategy adopted by Mayank Cattle Food Limited.

Allotment Date

The allotment for the Mayank Cattle Food IPO is anticipated to be finalized on February 1, adding an element of anticipation for investors as they eagerly await the results.

Listing Date

The IPO is set to make its debut on the BSE SME platform, with the tentative listing date fixed for February 5.

Key Players in the IPO Process

To navigate the complexities of the IPO, understanding the key players is paramount.

Book Running Lead Manager

Finshore Management Services Limited assumes the crucial role of the book running lead manager for the Mayank Cattle Food IPO. Their knowledge and astute strategic observations are essential to the IPO’s success.

Registrar and Market Maker

Cameo Corporate Services Limited takes on the responsibility of being the registrar for the issue, streamlining the documentation and administrative processes. Rikhav Securities, as the market maker, contributes to the liquidity and stability of Mayank Cattle Food shares in the market.

About Mayank Cattle Food Limited 

Mayank Cattle Food Limited is an oil firm that was founded in 1998 and is involved in the production of edible oil, animal food, cattle food cake, and cattle feed.
The business runs a production plant in Rajkot, Gujarat, that is furnished with the newest tools and machines. The building is about 87,133 square feet in size.