Macobs Technologies Limited IPO
The company operates within the male grooming industry, focusing on the niche market of below-the-belt grooming. They conduct their business exclusively through e-commerce channels, primarily their website menhood.in, without maintaining physical stores or a traditional retail footprint. This strategic focus addresses a significant gap in the market, especially in regions where discussions about such aspects of personal care are often limited.
Product Range and Innovation
They offer a variety of products specifically designed for men’s grooming needs. Their product lineup includes specialized trimmers for sensitive areas, hygiene products tailored for male skin, and a range of self-care items. These products are developed with a commitment to innovation, safety, and effectiveness, catering to the unique requirements of their target demographic.
Market Reach
As of now, they have successfully supplied their products across multiple regions, leveraging the broad reach of their e-commerce platform. This online-only model allows them to reduce overhead costs, scale operations flexibly, and reach a wider market without the limitations of physical stores.
SWOT Analysis
Strengths:
i. Niche Market Focus ii. E-commerce Model iii. Innovative Product Range
iv. Customer-Centric Approach v. Content and Education Strategy vi. Sustainability and Ethical Practices
Weaknesses:
i. Limited Physical Presence ii. Niche Market Limitations iii. Dependency on Digital Platforms
iv. Challenges in Building Trust
Opportunities:
i. Market Expansion ii. Product Line Diversification iii. Partnerships and Collaborations
iv. Technological Advancements v. Growing Awareness and Acceptance
Threats:
i. Intense Competition ii. Changing Consumer Preferences iii. Regulatory Challenges
iv. Economic Downturns
Competition
The male grooming industry is characterized by a blend of established multinational corporations and agile startups, offering a wide range of products from traditional grooming essentials to specialized items. The rise of e-commerce has reshaped the competitive landscape, enabling brands to reach a broader audience more efficiently. This digital shift has intensified competition, as brands leverage online platforms for sales, marketing, and customer engagement.
Conclusion
The company stands out in the male grooming industry by focusing on a niche market and leveraging e-commerce to reach and engage with customers. With a strong emphasis on innovation, customer-centricity, and sustainability, they are well-positioned to navigate the competitive landscape and capitalize on market opportunities. By continuing to educate and shift societal perceptions about male grooming, they aim to build a trusted brand and maintain a competitive edge.
Objects of the Macobs Technologies Limited IPO:
Macobs Technologies Limited IPO Details:
Open Date: | Jul 16 2024 |
Close Date: | Jul 19 2024 |
Total Shares: | 2,595,200 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 19.46 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 71 - 75 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Jul 24 2024 |
Promoters And Management:
Financials of Macobs Technologies Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
Revenue from Operations | 601 | 1,478 | 2,062 |
Other Income | 1 | 5 | 13 |
Total Revenue | 602 | 1,483 | 2,075 |
Changes in inventories | -8 | -37 | -238 |
Purchases of stock in trade | 112 | 312 | 841 |
Employees Benefit Expenses | 61 | 96 | 105 |
Other Expenses | 380 | 812 | 1,012 |
EBITDA | 57 | 300 | 355 |
OPM (%) | 9.43% | 20.24% | 17.11% |
Depreciation & Amortisation | 3 | 10 | 18 |
EBIT | 54 | 290 | 337 |
Finance Cost | 0.3 | 16 | 38 |
PBT | 53 | 274 | 299 |
Tax | 14 | 70 | 78 |
PAT | 39 | 205 | 221 |
NPM (%) | 6.46% | 13.79% | 10.67% |
No.of Shares | 97.95 | 97.95 | 97.95 |
EPS | 0.39 | 2.08 | 2.25 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Macobs Technologies Limited | 21 | 2 | 2.25 | 33.2 | 75 | 73 |
FSN E-Commerce Ventures Ltd | 6,386 | 40 | 0.11 | 1,597.0 | 180 | 51,549 |
Honasa Consumer Ltd | 1,764 | 121 | 3.73 | 129.0 | 479 | 15,554 |
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