Mayank Cattle Food IPO opened for subscription on Monday, January 29, and is set to close on Wednesday, January 31. Priced at ₹108 per share, the IPO lot size comprises 1,200 shares, with investors allowed to bid for a minimum of 1,200 shares and in multiples thereof.

Mayank Cattle Food specialises in manufacturing non-edible maize oil and cake (cattle feed). The company’s business process involves acquiring maize germ, followed by automated removal, packing, and the sale of maize cake and oil.

How To Check Mayank Cattle Food IPO Allotment Status

If you’ve applied for the IPO, follow these steps to check your allotment status:

On Registrar’s Website:

1. Head to the registrar’s website here and log in.
2. Select the Mayank Cattle Food IPO.
3. Enter your application number and PAN details.
4. Then enter your PAN, application number, or Demat number.
5. Enter the captcha and click Submit to retrieve Megatherm IPO allotment status

On the BSE Website:

1. Visit the BSE link here and log in.
2. Select the Mayank Cattle Food IPO.
3. Enter your application number and PAN details.
4. Complete the ‘I'm not a robot’ captcha.
5. Click ‘Submit’ to view your status.

See also: How To Check Megatherm Induction IPO Allotment Status

Mayank Cattle Food IPO Overview: The IPO is worth ₹19.44 crore, consisting entirely of a fresh issue of 18 lakh shares, with no offer-for-sale component. The objectives of the issue include funding general business requirements, working capital, issue expenses, and capital expenditures for new equipment and machinery.

The basis of allotment is expected to be finalised on Thursday, February 1, and the company will initiate refunds on Friday, February 2, with shares credited to the demat accounts of allottees on the same day. Mayank Cattle Food shares are scheduled to be listed on BSE SME on Monday, February 5.

Mayank Cattle Food IPO subscription status as of the third day is 6.23 times, with a positive response from retail investors (9.32 times subscribed) and non-institutional buyers (3.14 times subscribed). The company has received bids for 1.06 crore shares against 17.1 lakh shares on offer.

The IPO GMP (grey market premium) is +10, indicating that Mayank Cattle Food shares are trading at a premium of ₹10 in the grey market. Considering the IPO price band’s upper end and current premium, the estimated listing price is ₹118 apiece, representing a 9.26% increase over the IPO price of ₹108.

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