Marco Cables & Conductors Limited IPO
NSE SMEListed On: Sep 28, 2023 at ₹ 38.7
₹ 108000 /3000 Shares
Check AllotmentMarco Cables & Conductors Limited IPO Details
21 Sep, 2023
Open Date25 Sep, 2023
Close Date26 Sep, 2023
Allotment Date28 Sep, 2023
Listing DateIssue Price
₹36 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
38.7Listing Date
2023-09-28Market Lot
3000 Shares (₹108,000/-)Lead Manager
Shreni Shares Private LimitedIssue Size
5,202,000 shares(aggregating up to ₹18.73 Cr)Retail Portion
50%Subscription
29.86 timesIPO Docs
DRHPMarco Cables & Conductors Limited IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Day 1 - 21-09-23 05:00 PM | 1.07 x | 1.55 x | 1.31 x |
Day 2 - 22-09-23 05:00 PM | 1.82 x | 5.13 x | 3.48 x |
Day 3 - 25-09-23 05:00 PM | 22.28 x | 35.24 x | 29.86 x |
Marco Cables & Conductors Limited Valuations
Earnings Per Share (EPS)
₹1.78/-P/E Ratio
20.22RoNW
17.98%Net Asset Value (NAV) - Post Issue
₹N/A/-Marco Cables & Conductors Limited Company Financials All values are in ₹ Lakh
31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
---|---|---|---|
Assets | 6,993.44 | 5,954.62 | 5,658.84 |
Revenue | 5,693.72 | 5,665.31 | 4,282.91 |
Profit After Tax | 280.71 | 33.49 | 12.25 |
About The Company
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.
Marco Cables & Conductors Limited - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 72.18%
Company Promoter(s)
- Mr. Sumit Sugnomal Kukreja
- Mr. Sugnomal Mangandas Kukreja
- Ms. Komal Sumit Kukreja
Marco Cables & Conductors Limited IPO - Issue Objectives
- 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
- General corporate purposes.
Marco Cables & Conductors Limited IPO - FAQs
Ans. Marco Cables & Conductors Limited IPO is a SME IPO. The issue is priced at ₹36 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Sep 21, 2023, and closes on Sep 25, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Marco Cables & Conductors Limited IPO opens on Sep 21, 2023 and closes on Sep 25, 2023.
Ans. The size of Marco Cables & Conductors Limited IPO is 5,202,000 shares(aggregating up to ₹18.73 Cr).
Ans. The IPO price band is set between ₹36 per equity share.
Ans. To apply for Marco Cables & Conductors Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Marco Cables & Conductors Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Marco Cables & Conductors Limited IPO is Sep 26, 2023.
Ans. The Marco Cables & Conductors Limited IPO will be listed on Sep 28, 2023.
Ans. Follow the steps to check the allotment status for Marco Cables & Conductors Limited IPO here.