Marco Cables & Conductors Ltd IPO
Issue Price
₹36
GMP
—
Lot Size
3,000
Face Value
₹10
Issue Size
5,202,000 shares (aggregating up to ₹19 Cr)
Subscription
—
IPO Timeline
Open Date21-Sep-23
Close Date25-Sep-23
Allotment28-Sep-23
Refund Initiation29-Sep-23
Demat Credit3-Oct-23
UPI Mandate Deadline25-Sep-23
Listing Date28-Sep-23
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,457,000 (47%) | — | ₹885 Cr |
| Retail | — | 2,457,000 (47%) | — | ₹885 Cr |
| Market Maker | — | 288,000 (6%) | — | ₹10 Cr |
| Σ Total | — | 5,202,000 (100%) | — | ₹18,727 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹36
Face Value₹10
Lot Size3,000 shares
Issue Size5,202,000 shares (aggregating up to ₹19 Cr)
Issue TypeFixed Price IPO
Listing ExchangeNSE SME
Sale TypeFresh Capital-cum-Offer for Sale
Script Code—
Fresh Issue2,313,000 shares (aggregating up to ₹8 Cr)
Offer for Sale2,601,000 shares of ₹10 (aggregating up to ₹9 Cr)
Net Offer to Public4,914,000 shares (aggregating up to ₹18 Cr)
Amount In₹ Lakhs
Stock Price History · NSE
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Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹108,000 |
| Retail (Max) | 13 | 39,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,236,000 |
Retail1 lot(s)3,000 shares₹108,000
S-HNI2 lot(s)6,000 shares₹216,000
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 5,694 | 5,665 | 4,283 |
| Profit After Tax | 281 | 33 | 12 |
| Net Worth | 1,561 | 945 | 911 |
| Total Assets | 6,993 | 5,955 | 5,659 |
| Reserves & Surplus | 1,239 | 655 | 622 |
| Total Borrowing | 3,758 | 3,665 | 3,522 |
Valuation & Key Ratios
ROE22%
ROCE17%
RONW18%
PAT Margin—
EBITDA Margin—
Debt/Equity2
P/BV—
Pre EPS₹2
Post EPS—
Pre P/E20
Post P/E24
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of capital expenditure requirements of the Company towards purchase of: (i) Solar Power System and (ii) 1 + 12 Rigid Stranding Machine –
- Funding Incremental Working Capital Requirements; and –
- General corporate purposes. –
Company Overview
Incorporated in 1989, 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:
- 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 Information
AddressShop No 100, Opposite Bhai Gangaram Market, Main Road, Ulhasnagar, Thane, Maharashtra, 421005
Phone0251 2530332