Mayank Cattle Food Ltd IPO

About Mayank Cattle Food Ltd

Mayank Cattle Food Limited was originally incorporated as Public Limited Company in the name of Mayank Cattle Food Private Limited on April 21, 1998 under the provision of the Companies Act, 1956 bearing Registration Number 04-033969 issued by Registrar of Companies, Gujarat, Dadra & Nagar Havelli. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to Mayank Cattle Food Limited vide a fresh Certificate of Incorporation dated June 23, 2023 bearing Corporate Identification Number U01210GJ1998PLC033969 issued by Registrar of Companies - Ahmedabad.

Oil Industry: Most of the oilseeds are cultivated on marginal land and are dependent on rainfall and other climatic conditions. The other dominant feature which has had significant impact on the present status of edible oilseeds/oil industry has been the program of liberalization under which the Government's economic policy allowing greater freedom to the open market and encourages healthy competition and self regulation rather than protection and control. Controls and regulations have been relaxed resulting in a highly competitive market dominated by both domestic and multinational players. The country has to rely on imports to meet the gap between demand and supply. Import of edible oils is under Open General License (OGL). In order to harmonize the interests of farmers, processors and consumers, Government reviews the duty structure of edible oils from time to time. With effect from 14.06.2018, the import duty on all crude and refined edible oils, except Palm oil and Olive oil was raised to 35% and 45% respectively while the import duty on Olive oil was increased to 40%. With effect from 01.01.2020, the import duty on Crude and Refined Palm Oil was revised to 37.5% and 45% respectively. With effect from 08.01.2020, import policy of Refined Palm Oil is amended from `free' to `Restricted' category. With effect from 27.11.2020, the import duty on crude palm oil was revised from 37.5% to 27.5%. In order to ensure availability of edible oil in the country, export of edible oil has been banned w.e.f. 17.03.2008, which was extended from time to time. With effect from 06.02.2015, export of ricebran oil in bulk has been permitted. With effect from 27.03.2017, export of groundnut oil,sesame oil, soyabean oil and maize (corn) oil has been permitted. With effect from 06.04.2018, export of all edible oils except mustard oil was made free without quantitative ceiling; pack size etc, till further orders. Export of mustard oil is permitted in packs of up to 5 Kg with a Minimum Export Price (MEP) of USD 900 per MT. Animal feed is way more than just sustenance for livestock, poultry, and aquaculture - it is the cornerstone of their growth, health, and productivity as well. And now with a burgeoning population and changing dietary habits, it holds huge potential to support future generations and their growing demands of nutrition. With an estimated value of US$ 501.9 billion in 2022, the global animal feed market is expected to grow at a CAGR of 3.3%. India being the fourth-largest producer of animal feed, accounted for a US$ 11.66 billion feed market in 2022. The analysis run by TPCI's research team reveals opportunity areas for expanding exports. Animal feed is the food given to domestic animals in the course of animal husbandry. Globally, the feed industry serves a variety of animals including poultry, dairy (cattle, calf, and beef), aquatic/marine, pig, pets etc. The feed demand for different animals varies with respect to socio-cultural dynamics, eating habits and economic importance of animals in the region. India is glaring at a critical fodder problem over the past few years, according to market reports. According to a recent coverage, India is facing a major challenge in terms of producing adequate feed and fodder for its livestock, given its shrinking land resource. Erratic fodder supply during summer/ drought creates a further gap in the supply chain. The deficit in green fodder is estimated at 11.24%. Currently, fodder is being cultivated on 8.4 million hectares (nearly 4% of gross cropped area), whereas experts suggest a share of 14-17%. In fact, animal feed is a huge and diverse industry with lucrative growth opportunities across end user segments led by growing demand. TPCI's research team has undertaken a deep dive into the animal feed industry to ascertain critical growth opportunities for Indian exporters.

Mayank Cattle Food Limited is engaged in manufacturing of Maize Cake & Maize Oil (Non-edible). The business process involves purchase of the Maize Germ, then mechanized expelling, packaging and selling of the Maize Oil and Maize Cake.

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