V-Marc India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,850,000 (48%) | — | ₹1,112 Cr |
| Retail | — | 2,850,000 (48%) | — | ₹1,112 Cr |
| Market Maker | — | 300,000 (5%) | — | ₹12 Cr |
| Σ Total | — | 6,000,000 (100%) | — | ₹23,400 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹117,000 |
| Retail (Max) | 13 | 39,000 | ₹1,521,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,638,000 |
| B-HNI (Min) | 67 | 201,000 | ₹7,839,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 13,063 | 17,164 | 20,526 |
| Profit After Tax | 402 | 465 | 489 |
| Total Assets | 12,962 | 12,968 | 11,275 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding capital expenditure for the Project – 15.00
- 2 Funding the working capital requirements of our Company – 5.00
- 3 General corporate purposes – 4.63
Company Overview
Incorporated in 2014, V-Marc India Limited is engaged in the business of manufacturing and marketing wires and cables under the brand name of "V-Marc". The company manufactures and sells a diversified range of wires and cables i.e. single & multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, power cables, core flat cables, solar cables, wires, and aerial bunched cables, etc.
The company sells its products through multiple channels; 1. government tenders to supply products for government projects, 2. supply to EPC contractors for turnkey projects, and 3. dealer and distribution network to directly sell to private companies. It supplies its products across industries i.e. power, real estate, railways, and telecom sector. As of Dec 31, 2020, it has a strong network of 650+ dealers across 12 states.
The firm has two manufacturing facilities located at Haridwar, Uttarakhand with an aggregate installed capacity of 71,100 KM p.a and also proposes to set-up a new manufacturing facility with a total capacity of 11,520 km p.a.
Competitive strengths
- Diversified product portfolio with a wide range of wires and cables.
- Geographically diversified customer base.
- Strong dealer network distribution.
- Experienced and dedicated management.