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Macpower CNC Machines Ltd
Issue Open Date 12-Mar-18  
Issue Closing Date 14-Mar-18  
Application Money 100  
Allotment Money  
Price Band 126 - 140  
Minimium Application No. 1000  
Issue Size (Shares) 2615000  
Market Lot 1  
Objective
1. Setting Up Backward Integration Facility2. General Corporate Purpose.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors     2368000   NA  
Qualified Institutional Buyers     737000   NA  
Retail Individual Investors     6243000   NA  
Business Description
Established in 2003 our Company is engaged in manufacturing of CNC Turning Centers, Vertical MachiningCenters, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, DrillTap Center, Twin Spindle VMC and also Multi Tasking, 5-axis along with sub spindle. Adding to the solutioncapabilities, Macpower has also offered Robotic Automation integrated with CNC machines to cope up thedemand of technology driven machining excellence. CNC Machining is a process used in the manufacturingsector that involves the use of computers to control machine tools. Tools that can be controlled in this mannerinclude lathes, mills, routers and grinders. The CNC in CNC Machining stands for Computer NumericalControl. On the surface, it may look like a normal PC that control the machines, but the computer's uniquesoftware and control console are what really sets the system apart for use in CNC machining. Under CNCMachining, machine tools function through numerical control. A computer program is customized for an objectand the machines are programmed with CNC machining language (called G-code) that essentially controls allfeatures like feed rate, coordination, Position and RPM. With CNC machining, the computer can control exactpositioning and speed.
Promoter's Holding
Total Share Capital   6768000  
Offered to Public   2615000  
Promoter's Holding (Pre-Issue)   94.09  
Promoter's Holding (Post-Issue)   39.71  
Address
Plot No.2234
Nr. Kranti Gate
G I D C Metoda
Taluka- Lodhika
Rajkot,
Gujarat,
360021
Phone : 02827 287930/31/32
Email : info@macpowercnc.com
Website : www.macpowercnc.com
Registrar
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
Listed at
NSE
Lead Manager
Pantomath Capital Advisors Pvt Ltd.
Promoters
Nikesh Mehta
Rupesh Mehta
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