Macobs Technologies IPO Review

Macobs Technologies Limited is a visionary company dedicated to celebrating and empowering individuals through thoughtful brands. This company led to the launch of Menhood, a pioneering brand in the male grooming and lifestyle sector. Menhood offers a premium range of products tailored for the discerning modern man, reflecting the company's dedication to providing high-quality solutions.

 The Company is led by very strong and professional Promoters named, Shivam Bhateja who has over 10 years of diverse experience in Performance Marketing and Business Automation, establishing a robust foundation towards entrepreneurial journey, Dushyant Gandotra and Divya Gandotra.

Financially, Macobs Technologies revenue increased from ₹602.30 Lakhs in FY22 to ₹1,482.81 Lakhs in FY23 and currently increased at ₹2,074.67 Lakhs in FY24. But, EBITDA decreased from ₹56.37 Lakhs in FY22 to ₹285.62 Lakhs in FY23 and currently at ₹341.25 Lakhs in FY24. The PAT is stable from ₹221.27 Lakhs in FY22 to ₹204.50 Lakhs in FY23 and currently at ₹221.27 Lakhs in FY24. This indicates a steady financial performance.

For the Macobs Technologies IPO, the company is issuing shares at a pre-issue EPS of ₹3.07 and a post-issue EPS of ₹2.25. The pre-issue P/E ratio is 24.42x, while the post-issue P/E ratio is 33.33x against the industry P/E ratio of 36.44x. The company's ROCE for FY24 is 30.53%, and ROE for FY24 is 36.06%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Macobs Technologies indicates potential listing gains of 10% to 15%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to avoid the IPO for listing gains or Long Term Investment Purposes.