IPO

Marco Cables & Conductors Limited IPO

NSE SME

Listed On: Sep 28, 2023 at ₹ 38.7

₹ 108000 /3000 Shares

Check Allotment

Marco Cables & Conductors Limited IPO Details

21 Sep, 2023

Open Date

25 Sep, 2023

Close Date

26 Sep, 2023

Allotment Date

28 Sep, 2023

Listing Date

Issue Price

₹36 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

38.7

Listing Date

2023-09-28

Market Lot

3000 Shares (₹108,000/-)

Lead Manager

Shreni Shares Private Limited

Issue Size

5,202,000 shares(aggregating up to ₹18.73 Cr)

Retail Portion

50%

Subscription

29.86 times

IPO Docs

DRHP

Marco Cables & Conductors Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Day 1 - 21-09-23 05:00 PM1.07 x1.55 x1.31 x
Day 2 - 22-09-23 05:00 PM1.82 x5.13 x3.48 x
Day 3 - 25-09-23 05:00 PM22.28 x35.24 x29.86 x

Marco Cables & Conductors Limited Valuations

Earnings Per Share (EPS)

₹1.78/-

P/E Ratio

20.22

RoNW

17.98%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Marco Cables & Conductors Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets6,993.445,954.625,658.84
Revenue5,693.725,665.314,282.91
Profit After Tax280.7133.4912.25

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.

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Marco Cables & Conductors Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 72.18%


Company Promoter(s)

  1. Mr. Sumit Sugnomal Kukreja
  2. Mr. Sugnomal Mangandas Kukreja
  3. Ms. Komal Sumit Kukreja

Marco Cables & Conductors Limited IPO - Issue Objectives

  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
  3. 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.