Macfos IPO: Check price band, allotment date and listing date

Macfos IPO Date, Price Band, Allotment Date, Listing Date: Macfos Limited's initial public offering (IPO) will open for subscription on February 17. The SME IPO's subscription window will close on February 21. 

Macfos has fixed price band of Rs 96 to Rs 102 per share for its IPO. The public issue comprises 2,328,000 equity shares with a face value of Rs 10. The company aims to raise Rs 23.74 crore, according to a circular uploaded on BSE's website. 

The IPO allotment will be finalised on February 27. Shares of the Pune-based company will list on BSE's SME platform on March 1. 

The lot size of the public issue has been fixed at 1,200 equity shares, amounting to Rs 1,22,440. Retail investors can bid for a single lot only. HNI investors can, however, bid for a maximum of 2 bids.

Hem Securities Ltd is the IPO Lead Manager, also known as Book Running Lead Manager or BRLM for Macfos IPO.

Macfos Limited is an e-commerce company that sells electrical components to engineering firms. The company's customer base includes corporate clients and retail clients like electrical and mechanical engineering students, educational institutions, researchers and developers.