The Marco Cables IPO commenced on September 21, 2023, and concluded on September 25, 2023. The allotment of shares took place on September 28, 2023, and the initiation of refunds began on September 29, 2023. The shares were credited to the demat accounts of investors on October 3, 2023. Finally, the listing of Marco Cables on the stock exchange occurred on October 4, 2023.
The Marco Cables IPO was priced at ₹36 per share, with a lot size of 3000 shares. The total issue size was ₹18.73 crores, comprising a fresh issue of ₹9.36 crores and an offer for sale of ₹9.36 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Marco Cables IPO Basic Details
|Company Name||Marco Cables & Conductors Limited|
|Domain of Company||Wires and Cables Manufacturing Company|
|Marco Cables IPO GMP Today||₹00.00|
|Marco Cables IPO Listing Gain||00.00%|
|Marco Cables IPO Open Date||September 21, 2023|
|Marco Cables IPO Close Date||September 25, 2023|
|Marco Cables IPO Allotment Date||September 28, 2023|
|Marco Cables IPO Listing Date||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|
|Company Promoters||Mr. Sumit Sugnomal Kukreja,|
Mr. Sugnomal Mangandas Kukreja
and Ms. Komal Sumit Kukreja
Marco Cables IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|21 September 2023||₹8||22.22%||–||–|
Marco Cables & Conductors Limited IPO Details:
Founded in 1989, Marco Cables & Conductors Limited specializes in making and selling wires, cable wires, and conductors in India. Our product lineup comprises:
- LT Aerial Bunched Cables: These are designed for overhead Power Distribution. They offer enhanced safety and reliability, lower power losses, and overall cost-effectiveness by reducing installation, maintenance, and operational expenses. Ideal for use in challenging terrains like hilly areas, forests, coastal regions, and more.
- LT PVC Cables.
- AAAC Conductor: Crafted from a high electrical conductivity aluminum-magnesium-silicon alloy with Magnesium (0.6-0.9%) and silicon (0.5-0.9%), providing improved mechanical properties after treatment.
- LT XLPE Cables: These feature CU/AI Conductor with XLPE Insulation, Laid up, Inner Taped/Extruded, and galvanized mild steel wires/strips for armoring. The outer sheath is made of high-grade PVC, all meeting relevant IS specifications.
- ACSR Conductors: Comprising a solid or stranded steel core enveloped by aluminum strands (E.C. GRADE), ACSR Conductors come in various steel compositions, with carbon content ranging from 0.5% to 0.85%. Their high Tensile Strength makes them suitable for river crossings, overhead ground wires, and installations with extended spans.
Our manufacturing facility is situated in Nasik, Maharashtra, with a combined production capacity of 18,000 kilometers per annum as of August 7, 2023.
For fiscal years 2023, 2022, and 2021, the company reported revenues of Rs. 5,676.79 Lacs, Rs. 5,641.00 Lacs, and Rs. 4,239.18 Lacs, respectively.
Marco Cables IPO More Details Click Here
Marco Cables IPO FAQs
When is Marco Cables IPO open?
Marco Cables IPO will open on 21 September 2023.
When is Marco Cables IPO Close?
Marco Cables IPO will be closed on 25 September 2023.
What is Marco Cables IPO GMP Today?
The Marco Cables IPO GMP aka Grey Market Premium is ₹8.
What is Marco Cables IPO Kostak Rates Today?
The Marco Cables IPO Kostak Rate is ₹000.
What is Marco Cables IPO Subject to Sauda Price Today?
The Marco Cables IPO subject to sauda rates is ₹000.
Marco Cables IPO Expected Returns?
The Marco Cables expected return is 22.22%.
How much will be the listing gain in Marco Cable IPO?
Marco Cable IPO will get listing gain of 22.22%. (Approx.)