Mayank Cattle Food IPO GMP

Mayank Cattle Food Limited, a prominent player in the food industry, has recently announced its Initial Public Offering (IPO) at the BSE SME Exchange. With a total issue size of Rs 19.44 Cr, the IPO comprises a 100% fresh issue. The subscription period for this IPO is set to be open from January 29 to January 31, 2024. The face value of each share stands at Rs 10, and the issue price is fixed at Rs 108 per share, with a lot size of 1200 shares or its multiple as specified in the offer document.

Mayank Cattle Food SME IPO GMP

As of the latest update, the Grey Market Premium (GMP) for Mayank Cattle Food SME IPO is ₹9. This suggests a positive sentiment in the grey market. With the issue price set at Rs 108.00, the estimated listing price is ₹117 (cap price + today’s GMP), indicating an expected percentage gain/loss per share of 8.33%.

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Mayank Cattle Food Day-wise IPO GMP Trend

Here is a day-wise breakdown of the GMP trend leading up to the IPO launch: [ Last Updated: 05 Feb, 2024; 08:30]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
05-02-2024108.00₹98200₹117 (8.33%)
04-02-2024108.00₹98200₹117 (8.33%)
03-02-2024108.00₹54600₹113 (4.63%)
02-02-2024108.00₹54600₹113 (4.63%)
01-02-2024108.00₹109100₹118 (9.26%)
31-01-2024108.00₹109100₹118 (9.26%)
30-01-2024108.00₹109100₹118 (9.26%)
29-01-2024108.00₹109100₹118 (9.26%)
28-01-2024108.00₹109100₹118 (9.26%)
27-01-2024108.00₹109100₹118 (9.26%)
26-01-2024108.00₹0₹108 (0%)

Latest IPO GMP

For real-time updates on Mayank Cattle Food SME IPO GMP, investors can check the live GMP status on the IPO GMP Dashboard at Stockesta.com. Regular updates on IPO GMP performance are provided, allowing investors to track and compare GMP and its listing price for informed decisions.

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IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) is the unofficial/unregulated price at which an IPO is traded before its official listing. It provides insights into how the IPO might perform on the listing day. A positive GMP indicates potential profitability, while a negative GMP suggests a possible discount.

Investors should note that IPO GMP is subject to extreme volatility, making investment decisions based solely on Mayank Cattle Food SME IPO GMP risky. It is crucial to consider all factors before investing.

About Mayank Cattle Food

Established in April 1998, Mayank Cattle Food Limited focuses on producing maize oil (non-edible) and maize cake (cattle feed). Its business process involves the purchase of corn germ, mechanical pressing, packaging, and sale of corn oil and corn cakes. The company boasts a strategically located production facility with easy access to raw materials and transportation facilities.

With a diversified customer base covering Gujarat, Delhi, and Maharashtra, Mayank Cattle Food markets its products through various distribution channels. The manufacturing facility is equipped with modern machinery, efficient infrastructure, and a skilled workforce dedicated to ensuring product quality.

Also Read: When Can a Company Go for IPO in India

Mayank Cattle Food SME IPO Strengths

  • Organizational stability and management expertise.
  • Smooth operations with a well-defined organizational structure.
  • Well-equipped production facility designed for a variety of products.
  • Existing supplier relationships.

Mayank Cattle Food SME IPO Objective

The objectives of the IPO include funding capital expenditure for additional plant and machinery, meeting working capital requirements, covering issue expenses, and general corporate purposes.

Also Read: Benefits and Risks of Investing in IPO

Mayank Cattle Food SME IPO Dates

Stay updated with the latest information on Mayank Cattle Food SME IPO dates:

  • SME IPO Open Date: 29-01-2024
  • SME IPO Close Date: 31-01-2024
  • Basis of Allotment Finalisation Date: 01-02-2024
  • Refunds Initiation: 02-02-2024
  • Credit of Shares to Demat Account: 02-02-2024
  • SME IPO Listing Date: 05-02-2024

In conclusion, Mayank Cattle Food SME IPO presents an opportunity for investors, and the Grey Market Premium can be a useful indicator. However, thorough research and consideration of all factors are essential before making any investment decisions.

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