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Mayank Cattle Food IPO
Price Band
₹
Issue Size
₹19.44 Cr
Lot Size
1,200 shares
Min Investment
₹129,600
GMP
+₹9.0 (8.33%)
Issue Price
₹108.0
Subject to Sauda
₹8200
Paid only if allotted
Mayank Cattle Food IPO AI Summary
- Mayank Cattle Food IPO is listed on BSE SME in the Animal Feed sector.
- Subscription window: 29 Jan–31 Jan 2024, listing on 05 Feb 2024.
- Current GMP is +₹9.0 (8.33%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Mayank Cattle Food IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 31 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Mayank Cattle Food IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+8.33%
Est. Listing
₹117.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 1998, Mayank Cattle Food Limited is an Oil company engaged in the business of manufacturing Cattle Food, Animal Food, Cattle Food Cake and Edible Oil. The company operates a manufacturing facility equipped with the latest machinery and technology, situated in Rajkot, Gujarat. The facility covers an area of approximately 87,133 sq. ft. The company currently has a production capacity of 22,896 MT per annum for Maize Oil and 45,792 MT per annum for Maize Cake. In the financial year 2023-24, the company expanded its installed capacity from 18,126 MT per annum to 22,896 MT per annum for Maize Oil and 36,252 MT per annum to 45,792 MT per annum for Maize Cake. Similarly, in the financial year 2021-22, the company expanded its installed capacity from 14,310 MT per annum to 18,126 MT per annum for Maize Oil and from 28,620 to 36,252 MT per annum for Maize Cake. These expansions aimed to increase the scale of operations and enhance the company's market presence. Products are supplied to Gujarat, Delhi and Maharashtra by the company. As of December 31, 2023, the company has 120 employees, out of which 104 are workers.
Company Financials (₹ Cr)
As of 2023-07-31
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 51.22 | 48.94 | 41.64 | 34.34 |
| Total Income | 75.27 | 309.58 | 323.00 | 186.53 |
| Profit After Tax | 0.57 | 1.31 | 0.80 | 0.72 |
| NET Worth | 5.33 | 4.76 | 3.45 | 2.65 |
| Reserves and Surplus | 1.73 | 4.56 | 3.25 | 2.45 |
| Total Borrowing | 37.88 | 39.61 | 31.64 | 25.31 |
Key Ratios
EPS
₹3.65
NAV
₹13.22
ROE
32%
ROCE
11.27%
RoNW
27.61%
P/B Value
0.45
P/E Ratio
29.58
Market Cap
₹58.32 Cr
PAT Margin
0.43%
Debt/Equity
9.13
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Mayank Cattle Food Limited This IPO | 237.99 | 27.61% | 29.58 | 3.65 | 3.65 |
Promoters
Bharatkumar Popatlal Vachhani and Ajay Popatlal Vachhani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure toward purchase of additional plant and machinery 1.84 2 Working Capital Requirement 12.15 3 Issue Related Expenses 1.45 4 General Corporate Expenses 4.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹323.00 Cr in the year ending 31 Mar 2022, decreasing to ₹309.58 Cr by 31 Mar 2023, and further dropping to ₹75.27 Cr by 31 Jul 2023. This last figure is a 9-month total, thus not directly comparable to the full fiscal year figures.
Profit Trend
Profit After Tax was ₹0.72 Cr in the year ending 31 Mar 2021, rising to ₹0.80 Cr by 31 Mar 2022, then increasing to ₹1.31 Cr by 31 Mar 2023. However, it decreased to ₹0.57 Cr by 31 Jul 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
The company has an EPS of ₹3.65 and is priced at a P/E ratio of 29.58. This implies that it is priced at roughly 29.58 trailing earnings, compared to peers trading at a similar range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of demand for an IPO before it is listed on the stock exchange. A positive GMP suggests that the IPO is likely to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. They may consider factors such as the company's growth potential and market conditions.
Who May Want to Wait
Investors with a low risk appetite or those who prefer stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on January 29, 2024, and closes on January 31, 2024. Allotment of shares will be completed by February 1, 2024, and the shares are expected to be listed on the stock exchange on February 5, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when an IPO lists at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Mayank Cattle Food's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Mayank Cattle Food IPO GMP today?
Mayank Cattle Food IPO GMP today is +₹9.0 (8.33%). GMP is an unofficial grey-market indicator and can change daily.
When does Mayank Cattle Food IPO open and close?
Mayank Cattle Food IPO opens on 29 January 2024 and closes on 31 January 2024.
When does Mayank Cattle Food IPO list on the stock exchange?
Mayank Cattle Food IPO listed on 05 February 2024 at ₹117.0.
What is the lot size for Mayank Cattle Food IPO?
The lot size for Mayank Cattle Food IPO is 1200 shares, requiring a minimum investment of ₹129,600.
What is the issue price of Mayank Cattle Food's IPO?
The issue price is ₹108.0.
What is the lot size for this IPO?
The lot size is 1200 shares.
When does the IPO open and close?
The IPO opens on January 29, 2024, and closes on January 31, 2024.
What is the minimum investment required?
The minimum investment required is ₹129,600.0.
What does GMP stand for?
GMP stands for Grey Market Premium, which indicates the demand for the IPO before its official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Jan 2024
Close
31 Jan 2024
Allotment
01 Feb 2024
Listing
05 Feb 2024
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