Macpower CNC Machines IPO is set to make its debut on 12th March 18 with 36.61 c is engaged in manufacturing of CNC Turning Centers, Vertical Machining Centers.
Macpower CNC Machines IPO – overview
| IPO Dates | 12-14 March 18 |
| IPO Price | INR 140 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,615,000 shares (INR 36.61 crore) |
| Minimum bid (lot size) | 1000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
Incorporated in 2003, Macpower CNC Machines Ltd is engaged in manufacturing of CNC Turning Centers, Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC and also Multi Tasking, 5-axis along with sub spindle.
Macpower has also offers Robotic Automation integrated with CNC machines. CNC Machining is a process used in the manufacturing sector that involves the use of computers to control machine tools.Company imports various components and parts i.e. Spindle, Ball Screw, Linear Guide ways, Linear Glass Scale, Live Tool Turret, Live Tool Holder, Probe, CNC System from Taiwan, Germany, Japan, Italy etc.
They have catered to over 178 customers with total 213 Machines during the six months ended September 30, 2017 and 236 customers with total 343 Machines in Financial Year 2017 across various sectors like Automobile, Agriculture, Earth Moving Equipments, Bearings, General Engineering, Aerospace, Metal, Petroleum, Construction Industries, Defense, PSUs.
Objects of the Issue
1 Foraying into CMMI consulting.
2. Establishment as an ISO certifying body.
3. Customisation of the product SimpleLaw for the Indian market.
4. General Corporate purposes.
5. Issue Expenses.
Company Contact Information
Macpower CNC Machines Ltd
Plot No. 2234 Nr. Krnati Gate,
GIDC Metoda Tal Lodhika,
Rajkot – 360007
Phone: +91-02827-287930
Email: info@macpowercnc.com
Website: http://www.macpowercnc.com
Macpower CNC Machines IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: info@macpowercnc.com
Website: https://linkintime.co.in/
Macpower CNC Machines IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
