Marco Cables IPO Details ( Marco Cables & Conductors Limited IPO Review )
(21 Sep 2023 – 25 Sep 2023)
Marco Cables & Conductors Limited, established in 1989, specializes in making and selling wires, cable wires, and conductors within India.
Here’s a simplified description of their products:
- LT Aerial Bunched Cables: These are used for distributing power overhead. They offer high safety and reliability, reduce power losses, and cut down on installation, maintenance, and operating costs. They work well in challenging terrains like hills, forests, and coastal areas.
- LT PVC Cables: These are another type of cable the company offers.
- AAAC Conductor: This conductor is made from a high electrical conductivity aluminum-magnesium-silicon alloy that includes magnesium (0.6-0.9%) and silicon (0.5-0.9%). This combination gives it improved mechanical properties after treatment.
- LT XLPE Cables: These cables are made with copper or aluminum conductors and XLPE insulation. They are designed according to relevant IS specifications and feature galvanized mild steel wire/strips for armoring and a high-grade PVC outer sheath.
- ACSR Conductors: ACSR conductors consist of a solid or stranded steel core surrounded by aluminum strands (E.C. GRADE). They come in various steel compositions, with carbon content ranging from 0.5% to 0.85%. ACSR Conductors have high tensile strength, making them suitable for river crossings, overhead ground wires, and installations with extra-long spans.
Marco Cables & Conductors manufacturing unit is situated in Nasik, Maharashtra, and has a total production capacity of 18,000 kilometers per year as of August 7, 2023.
In terms of revenue, the company generated Rs. 5,676.79 Lacs, Rs. 5,641.00 Lacs, and Rs. 4,239.18 Lacs from its operations in the fiscal years 2023, 2022, and 2021, respectively.
Marco Cables & Conductors Limited IPO Competitive Strength
- Qualifying in BQR of Government tenders
- Assured Quality and High Standard Service
- Strong Customer Base
- Leveraging the experience of our Promoter and Directors
- Customized Product Development
- Strong Financial Management
- Strong Marketing Practices
Marco Cables & Conductors IPO Financials Performance ( Results )
Marco Cables & Conductors Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 5,658.84 | 4,282.91 | 12.25 | 0.08 | 911.25 | 5.78 | 621.84 | 3,522.22 |
| 31-Mar-22 | 5,954.62 | 5,665.31 | 33.49 | 0.21 | 944.75 | 5.99 | 655.34 | 3,665.19 |
| 31-Mar-23 | 6,993.44 | 5,693.72 | 280.71 | 1.78 | 1,560.86 | 9.89 | 1,238.90 | 3,757.73 |
Objective of IPO Issue
- 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.
Marco Cable IPO Basic Details
| IPO Date | Sep 21, 2023 to Sep 25, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Issue Size | 5,202,000 shares of ₹10 (aggregating up to ₹18.73 Cr) |
| Fresh Issue | 2,601,000 shares of ₹10 (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 |
| Company Promoters | Mr. Sumit Sugnomal Kukreja, Mr. Sugnomal Mangandas Kukreja and Ms. Komal Sumit Kukreja |
Marco Cable IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Marco Cables IPO Timetable
Marco Cables IPO will open on September 21, 2023 and close on September 25, 2023. You can join Marco Cables IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 21 September 2023 (Thursday) |
| Closing Date | 25 September 2023 (Monday) |
| Basis of Allotment | 28 September 2023 (Thursday) |
| Initiation of Refunds | 29 September 2023 (Friday) |
| Credit of Shares to Demat | 3 October 2023 (Tuesday) |
| Listing Date | 4 October 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 25 September 2023 |
Marco Cables and Conductors IPO Lot Size
For retail investors in Marco Cables and Conductors IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹108,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹108,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| S-HNI (Min) | 2 | 6000 | ₹216,000 |
Marco Cables & Conductors IPO Promoter Holding
The company’s promoters include Mr. Sumit Sugnomal Kukreja, Mr. Sugnomal Mangandas Kukreja and Ms. Komal Sumit Kukreja.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.18% |
Marco Cables & Conductors Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 67.32 |
| Earning Per Share (EPS) | ₹1.78 per Equity Share |
| Net Asset Value (NAV) | ₹9.89 per Equity Share |
| P/E Ratio (P/E) (x) | 20.22 |
| Post P/E Ratio (P/E) (x) | 24 |
| Return on Net Worth (RoNW) (%) | 17.98 |
| Return on equity (ROE) (%) | 22.41 |
| Return on Capital Employed (ROCE) (%) | 16.93 |
| Debt/Equity Ratio | 2.41 |
Marco Cables and Conductors Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Marco Cables & Conductors Limited | Consolidated | 36.00 | 10.00 | 1.78 | 20.22 | 17.98 | 9.89 |
| Peer Group | |||||||
| V-Marc India Limited | Consolidated | 100.40 | 10.00 | 4.58 | 21.92 | 13.11 | 34.97 |
| Ultracab (India) Limited | Consolidated | 15.81 | 2.00 | 0.61 | 25.92 | 18.19 | 3.35 |
| Relicab Cable Manufacturing Limited | Consolidated | 79.00 | 10.00 | 1.49 | 53.02 | 13.70 | 10.88 |
| Dynamic Cables Limited | Consolidated | 586.65 | 10.00 | 14.09 | 41.64 | 17.48 | 80.60 |
Marco Cables IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 26 September 2023 | ₹6 | – | – |
| 25 September 2023 | ₹6 | – | – |
| 24 September 2023 | ₹6 | – | – |
| 23 September 2023 | ₹8 | – | – |
| 22 September 2023 | ₹8 | – | – |
| 21 September 2023 | ₹8 | – | – |
| 20 September 2023 | ₹8 | – | – |
Marco Cables IPO Detail Video:
Link
Marco Cables IPO Subscription Status (Bidding Detail)
The Marco Cables IPO on September 25, 2023 at 7:00:00 PM was subscribed 30.90 times, with the retail category being subscribed 35.24 times, the other category being subscribed 24.36 times.
| Category | Subscription |
| Other | 24.36x |
| Retail | 35.24x |
| Total | 30.90x |
Marco Cables & Conductors IPO Prospectus
| Marco Cables & Conductors IPO DRHP | Download |
| Marco Cables & Conductors IPO RHP | Download |
| Marco Cables & Conductors IPO Anchor Investors Details PDF | Download |
Marco Cables IPO Rating
| Our Rating | 3.5/5.0 |
Marco Cables Company Contact Information
Marco Cables and Conductors Limited
Registered Office: Shop No 100, Opposite Bhai Gangaram Market, Main Road, Ulhasnagar, Thane – 421005, Maharashtra, India
Tel: 0251 2530332
E-mail: investors@hmtcable.com
Website: www.marcocables.com
Contact Person: Ms. Priyanka Vinod Patil, Company Secretary and Compliance Officer
Our Promoter: Mr. Sumit Sugnomal Kukreja
Marco Cables IPO Registrar
Bigshare Services Private Limited
Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Asif Sayyed
SEBI Registration No.: INR000001385
Marco Cables IPO Lead Manager
Shreni Shares Limited (Formerly Known As Shreni Shares Private Limited)
Registered Office: Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram
Nagar, Borivali (West), Mumbai- 400 092, Maharashtra, India
Telephone: 22-2808 8456
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Mr. Parth Shah
Website: www.shreni.in
SEBI Registration Number: INM000012759
Marco Cables IPO FAQs
What is the lot size of Marco Cables and Conductors IPO?
The total size of Marco Cables and Conductors IPO is ₹18.73 crores out of which ₹9.36 crores is fresh issue and ₹9.36 crores is offer for sale (OFS).
When will Marco Cables and Conductors IPO start?
Marco Cables and Conductors IPO will open from 21 September 2023 and IPO will close on 25 September 2023.
What is the open date of Marco Cables and Conductors IPO?
Marco Cables and Conductors IPO will open date from 21 September 2023.
What is the last date ( close date ) of Marco Cables and Conductors IPO?
Marco Cables and Conductors IPO will close from 25 September 2023.
What is the price band of Marco Cables IPO?
Marco Cables IPO price band is ₹36.
What is the minimum amount required to apply for Marco Cables IPO?
The minimum investment for retailers to apply for Marco Cables IPO is ₹108,000 and the maximum investment is ₹108,000.
What is going on gray market premium of Marco Cables IPO?
View gray market premium of Marco Cables IPO by Clicking Here
How much is the GMP of Marco Cables IPO?
Watch Marco Cables IPO GMP Today: Click Here
What is the allotment date of Marco Cables IPO?
The allotment date of Marco Cables IPO is 28 September 2023.
How to check allotment status in Marco Cables IPO?
To check the allotment status of Marco Cables IPO, first of all go to the registrar website by clicking here, select your bad Marco Cables IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Marco Cables IPO?
The listing date of Marco Cables IPO is 4 October 2023.
How much will be the listing gain in Marco Cables IPO?
View listing gain of Marco Cables IPO by Clicking Here
How much time Marco Cables IPO is subscribed?
Total 30.90 times subscribed in Marco Cables IPO out of which 35.24 times subscription was done in retail quota, 24.36 times subscription in other quota.
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