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:
- 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.
- LT PVC Cables.
- 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.
- 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.
- 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 KukrejaIPO Details
IPO Opening Date | Sep 21, 2023 |
IPO Closing Date | Sep 25, 2023 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹36 per equity share |
Market Lot | 3000 Shares |
Min Order Quantity | 3000 Shares |
Listing At | NSE 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 Date | Sep 21, 2023 |
IPO Close Date | Sep 25, 2023 |
Basis of Allotment Date | Sep 28, 2023 |
Initiation of Refunds | Sep 29, 2023 |
Credit of Shares to Demat Account | Oct 03, 2023 |
IPO Listing Date | Oct 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 3000 | ₹108000 |
Maximum | 1 | 3000 | ₹108000 |
IPO Promoter Holding
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 72.18% |
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:
- Funding of capital expenditure requirements of the company towards the purchase of Solar Power System and 1+12 Rigid Stranding Machine.
- Funding Incremental Working Capital Requirements; and
- 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,