The Marco Cables & Conductors Limited IPO is a fixed-price offering aiming to raise Rs 18.73 crores. This IPO consists of a combination of a fresh issue of 26.01 lakh shares, aggregating to Rs 9.36 crores, and an offer for sale of 26.01 lakh shares, also aggregating to Rs 9.36 crores.
Here are the key details:
- Subscription Period: The Marco Cables & Conductors IPO opens for subscription on September 21, 2023, and closes on September 25, 2023.
- Allotment Date: The allotment for the Marco Cables & Conductors IPO is expected to be finalized on Thursday, September 28, 2023.
- Listing Date: The shares from the Marco Cables & Conductors IPO will be listed on the NSE SME, with a tentative listing date of Wednesday, October 4, 2023.
- IPO Price: The IPO price for Marco Cables & Conductors is fixed at ₹36 per share.
- Lot Size: The minimum lot size for an application is 3000 shares.
- Minimum Investment: Retail investors are required to invest a minimum of ₹108,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, equivalent to 6,000 shares, amounting to ₹216,000.
- Key Players: Shreni Shares Private Limited is the book running lead manager for the Marco Cables & Conductors IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Shreni Shares also acts as the market maker for Marco Cables & Conductors IPO.
Marco Cables & Conductors IPO Details #
| IPO Date | September 21, 2023 to September 25, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,202,000 shares (aggregating up to ₹18.73 Cr) |
| Fresh Issue | 2,601,000 shares (aggregating up to ₹9.36 Cr) |
| Offer for Sale | 2,601,000 shares of ₹10 (aggregating up to ₹9.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,098,000 |
| Share holding post issue | 18,699,000 |
| Market Maker portion | 288,000 shares Shreni Shares |
Marco Cables & Conductors IPO Reservation #
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Marco Cables & Conductors IPO Timeline (Tentative Schedule) #
Marco Cables & Conductors IPO opens on September 21, 2023, and closes on September 25, 2023.
| IPO Open Date | Thursday, September 21, 2023 |
| IPO Close Date | Monday, September 25, 2023 |
| Basis of Allotment | Thursday, September 28, 2023 |
| Initiation of Refunds | Friday, September 29, 2023 |
| Credit of Shares to Demat | Tuesday, October 3, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2023 |
Marco Cables & Conductors IPO Lot Size #
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
| Lot Size Calculator | |||
Marco Cables & Conductors IPO Promoter Holding #
Mr. Sumit Sugnomal Kukreja, Mr. Sugnomal Mangandas Kukreja and Ms. Komal Sumit Kukreja are the company’s promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.18% |
About Marco Cables & Conductors IPO #
Marco Cables & Conductors Limited, founded in 1989, is an Indian company that manufactures and sells wires, cable wires, and conductors.
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 Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,658.84 | 5,954.62 | 6,993.44 |
| Revenue | 4,282.91 | 5,665.31 | 5,693.72 |
| Profit After Tax | 12.25 | 33.49 | 280.71 |
| Net Worth | 911.25 | 944.75 | 1,560.86 |
| Reserves and Surplus | 621.84 | 655.34 | 1,238.90 |
| Total Borrowing | 3,522.22 | 3,665.19 | 3,757.73 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 20.22 |
| ROE | 22.41% |
| ROCE | 16.93% |
| Debt/Equity | 2.41 |
| EPS (Rs) | 1.78 |
| RoNW | 17.98% |
Objects of the Issue (Marco Cables & Conductors IPO Objectives) #
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.
IPO Prospectus #
- Marco Cables & Conductors IPO DRHP
- Marco Cables & Conductors IPO RHP
IPO Contact Details #
Shop No 100, Opposite Bhai Gangaram Market,
Main Road, Ulhasnagar,
Thane – 421005,
Phone: 0251 2530332
Email: investors@hmtcable.com
Website: https://www.marcocables.com/index
Marco Cables & Conductors IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Marco Cables & Conductors IPO Lead Manager(s) #
FAQs #
What is the total issue size of the Marco Cables & Conductors IPO? #
The Marco Cables & Conductors IPO aims to raise ₹18.73 crores through a combination of a fresh issue of 26.01 lakh shares and an offer for sale of 26.01 lakh shares, both aggregating to ₹9.36 crores each.
When does the Marco Cables & Conductors IPO subscription period start and end? #
The subscription period for the Marco Cables & Conductors IPO opens on September 21, 2023, and closes on September 25, 2023.
When is the listing date for shares from the Marco Cables & Conductors IPO? #
The shares from the Marco Cables & Conductors IPO are expected to launch on the NSE SME on October 4, 2023.
What is the minimum lot size for an application in the Marco Cables & Conductors IPO? #
The minimum lot size for an application in the Marco Cables & Conductors IPO is 3000 shares.
Who are the key players involved in the Marco Cables & Conductors IPO? #
Shreni Shares Private Limited is the book running lead manager for the Marco Cables & Conductors IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Shreni Shares also acts as the market maker for Marco Cables & Conductors IPO.
Who are the promoters of Marco Cables & Conductors Limited? #
Mr. Sumit Sugnomal Kukreja, Mr. Sugnomal Mangandas Kukreja, and Ms. Komal Sumit Kukreja are the promoters of the company.
What are the key financial indicators of Marco Cables & Conductors Limited as of March 31, 2023? #
Price/Earnings (P/E) Ratio: 20.22
Return on Equity (ROE): 22.41%
Return on Capital Employed (ROCE): 16.93%
Debt/Equity Ratio: 2.41
Earnings Per Share (EPS): ₹1.78
Return on Net Worth (RoNW): 17.98%
What are the objectives of the Marco Cables & Conductors IPO? #
The company intends to utilize the Net Proceeds from the Offer for the following purposes:
Funding of capital expenditure requirements towards the purchase of Solar Power System and 1+12 Rigid Stranding Machine.
Funding Incremental Working Capital Requirements.
General corporate purposes.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
