IPO

Marco Cables & Conductors Limited IPO

NSE SME

Listed On: Sep 28, 2023 at ₹ 38.7

₹ 216000 /6000 Shares
*Min Investment

Check Allotment

21 Sep, 2023

Open Date

25 Sep, 2023

Close Date

26 Sep, 2023

Allotment Date

28 Sep, 2023

Listing Date
Marco 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

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Marco Cables & Conductors Limited IPO Subscription Analysis And Details
Retail
35.24x
Total
29.86x
As onQIB / NIIRetailTotal
Day 1 - 21-09-23 05:00 PM1.07 x1.55 x1.31 x
Day 2 22-09-23 05:00 PM
1.82 x5.13 x3.48 x
Day 3 25-09-23 05:00 PM
22.28 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
In Lakhs
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 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.

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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
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.