
Marco Cables & Conductors Limited IPO
NSE SMEListed On: Sep 28, 2023 at ₹ 38.7
₹ 216000 /6000 Shares
*Min Investment
21 Sep, 2023
Open Date25 Sep, 2023
Close Date26 Sep, 2023
Allotment Date28 Sep, 2023
Listing DateMarco Cables & Conductors Limited IPO Issue Details
- Issue Price ₹36 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 5,202,000 shares(aggregating up to ₹18.73 Cr)
- Listing at NSE SME
- List Price 38.7
- Listing Date 2023-09-28
- Lead Manager Shreni Shares Private Limited
- Registrar Bigshare Services Pvt Ltd
Marco Cables & Conductors Limited IPO Details
- Retail Portion 50%
Marco Cables & Conductors Limited IPO Documents
Marco Cables & Conductors Limited IPO Details
Marco Cables & Conductors Limited IPO is an SME IPO, priced at ₹36 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Sep 21, 2023 to Sep 25, 2023. The allotment is expected to be finalized on Sep 26, 2023, and the tentative listing date is Sep 28, 2023.
The registrar of the IPO is Bigshare Services Pvt Ltd, and
Marco Cables & Conductors Limited IPO Subscription Analysis And 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
Marco Cables & Conductors Limited Company Financials
| 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 Marco Cables & Conductors Limited 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)
Mr. Sumit Sugnomal Kukreja
Mr. Sugnomal Mangandas Kukreja
Ms. Komal Sumit Kukreja
Pre Issue Share Holding : 100%
Post Issue Share Holding : 72.18%
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Marco Cables & Conductors Limited IPO is 5,202,000 shares(aggregating up to ₹18.73 Cr).
Ans. The Marco Cables & Conductors Limited IPO price band is set between ₹36 per equity share.
Ans. To apply for Marco Cables & Conductors Limited 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 Marco Cables & Conductors Limited IPO allotment status online.