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Marco Cables & Conductors Limited IPO Detail

Marco Cables & Conductors Limited IPO Detail

Incorporated in 1989, Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling wires, cable wires, and conductors in India.

The company's product list includes:

  1. LT Aerial Bunched Cables: It is used for overhead Power Distribution. It provides high safety and reliability, lower power losses, and ultimate system economy by reducing installation, maintenance, and operating costs, best for installation in difficult terrains such as hilly areas forest areas, coastal areas, etc.
  2. LT PVC Cables.
  3. AAAC Conductor: Made from aluminum-magnesium-silicon alloy of high electrical conductivity containing Magnesium (0.6-0.9%) and silicon (0.5-0.9%) to give it better mechanical properties after treatment.
  4. LT XLPE Cables: These are manufactured with CU/AI Conductor with XLPE Insulation, Laid up, Inner Taped/Extruded. The armoring is of galvanized mild steel wires/strips. The final outer sheath with high-grade PVC. All are as per relevant IS specifications.
  5. ACSR Conductors: ACSR conductor consists of a solid or stranded steel core surrounded by strands of aluminum (E.C. GRADE). ACSR Conductor is available in a wide range of steel, containing carbon from 0.5% to 0.85 %. ACSR Conductor has high Tensile Strength making it useful for for river crossings, overhead ground wires, installations involving extra long spans, etc.

Marco Cables & Conductors' manufacturing unit is located at Nasik, Maharashtra, with a combined installed production capacity of 18,000 Kms p.a. as of August 07, 2023.

The company recorded Rs. 5,676.79 Lacs, Rs. 5,641.00 Lacs, and Rs. 4,239.18 Lacs in revenue from operations in fiscal 2023, 2022, and 2021 respectively.

Company Promoters

Mr. Sumit Sugnomal Kukreja, Mr. Sugnomal Mangandas Kukreja and Ms. Komal Sumit Kukreja

IPO Details

IPO Opening DateSep 21, 2023
IPO Closing DateSep 25, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹36 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size₹18.73 Cr
Fresh Issue₹9.36 Cr
Offer for Sale₹9.36 Cr
Retail Portion 50%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 1.08x 1.58x 1.33x
Day 2 - - 1.82x 5.10x 3.46x
Day 3 - - 24.36x 35.24x 30.90x

IPO Tentative Timetable

The Marco Cables & Conductors Limited IPO open date is Sep 21, 2023, and the close date is Sep 25, 2023. The issue may list on Oct 04, 2023.

IPO Open DateSep 21, 2023
IPO Close DateSep 25, 2023
Basis of Allotment DateSep 28, 2023
Initiation of RefundsSep 29, 2023
Credit of Shares to Demat AccountOct 03, 2023
IPO Listing DateOct 04, 2023

IPO Lot Size

The Marco Cables & Conductors Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹108000
Maximum13000₹108000

IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.18%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 5658.84 4282.91 12.25
31-Mar-22 5954.62 5665.31 33.49
31-Mar-23 6993.44 5693.72 280.71

Objects of the Issue:

The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

  1. Funding of capital expenditure requirements of the company towards the purchase of Solar Power System and 1+12 Rigid Stranding Machine.
  2. Funding Incremental Working Capital Requirements; and
  3. General corporate purposes.

Marco Cables & Conductors Limited IPO Registrar:

Bigshare Services Pvt Ltd

Marco Cables & Conductors Limited IPO Lead Manager(s):

Shreni Shares Private Limited

Company Contact Information:

Marco Cables & Conductors Limited

Shop No 100, Opposite Bhai Gangaram Market,

Main Road, Ulhasnagar,

Thane - 421005,