Macpower CNC Machines Ltd IPO

Add to Calendar 2018-03-12 12:00 AM 2018-03-14 12:00 AM Asia/Kolkata Macpower CNC Machines Ltd IPO Macpower CNC Machines Ltd India

Macpower CNC machines started work with with Lathe Machines, on the tiny basis. Now they have achieved Landmark of 12000 machines running successfully all over India as well as abroad. MacPower is ISO registered (ISO 9001:2008) by BSCIC India and also completely quality assurance label by Tuv Suddeutschland India Pvt Ltd. (Germany). Macpower also offers Robotic Automation integrated with CNC machines to cope up the demand of technology driven machining excellence.

Date of establishment: Macpower CNC Machines Limited was established in 2003.  

Product & Service Offering: It manufactures CNC Turning Centres, Vertical Machining Centres, Horizontal Machining Centres, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centres, Drill Tap Centre, Twin Spindle VMC and also Multi-Tasking, 5-axis along with sub spindle


Promoters of MacPower CNC Machines ltd.: Rupesh Mehta and Nikesh Mehta are the promoters of MacPower CNC Machines Ltd.


Customer segment: Company supplies series of Machines to Government of India units like Ordnance Factories, Public Sector Undertakings (PSUs), Educational Institutes of State and Central Government, Research Centres and is firmly establishing footholds in those categories.


Objects of the Issue:The objects of the Offer is to:-

-     Setting of backward integration facility
-     General corporate purpose

Company Financials







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Issue Detail

  • Issue Open: Mar 12, 2018
  • Issue Close: Mar 14, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 126 - Rs 140 Per Equity Share
  • Bid Lot:1000 Shares
  • Minimum Order Quantity:1000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 36.61 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 1,231,000 1,231,000 - 153,000 2,615,000
Day 1 - Mar 12, 2018IST 0 561,000 818,000 - - 1,379,000
Day 2 - Mar 13, 2018IST 0 573,000 185,000 - - 2,423,000
Day 3 - Mar 14, 2018IST 737,000 2,368,000 6,243,000 - - 9,348,000

Listing Day Trading Information

Issue Price - Rs 140.00
Open - Rs 149.00
Low - Rs 140.00
High - Rs 164.95
Last Trade - Rs 162.05
Volume - 1,854,000

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