Macobs Technologies opens IPO on NSE Emerge
The parent company of men’s grooming brand Menhood said that proceeds from the IPO will expand product offerings and operations.
Male grooming brand ’s parent company, Macobs Technologies, said on Friday that the company will launch its initial public offering on the NSE Emerge platform.
The IPO, which opens on July 16, includes a fresh issue of 25,95,200 equity shares with a price band of Rs 71 to Rs 75.
Proceeds from the IPO will expand Menhood’s product offerings and enhance the company’s operation capabilities.
SKI Capital Services Limited will serve as the book-running lead manager for the IPO.
“Our decision to go public reflects our commitment to grow and continuously innovate in the grooming industry,” said Dushyant Gantotra, CEO of Macobs Technologies.
Menhood, founded in 2021, is a D2C beauty and personal care company that offers a wide range of specialty products for men, including razors, trimmers, and moisturizers.
The company reported a rise in revenue to Rs 14.83 crore in FY22-23 compared to Rs 6.02 crore in FY21-22, according to data website Tracxn.
Edited by Jyoti Narayan