The Marco Cables IPO started on September 21, 2023, and ended on September 25, 2023. Shares were allocated on September 28, 2023, and refund processes began on September 29, 2023. On October 3, 2023, the shares were credited to investors demat accounts. Marco Cables was officially listed on the stock exchange on October 4, 2023.
During the IPO, Marco Cables offered shares at a price range of ₹36 per share, and the lot size was 3000 shares. The total issue size was ₹18.73 crores, with ₹9.36 crores from new shares and ₹9.36 crores from shares for sale. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Marco Cables & Conductors Limited IPO Subscription Update Video
Marco Cables IPO Subscription Status
The Marco Cables IPO on September 25, 2023 was subscribed 30.90 times, with the retail category being subscribed 35.24 times, the other category being subscribed 24.36 times.
Marco Cables IPO Basic Details
|Company Name||Marco Cables & Conductors Limited|
|Domain of Company||Wires and Cables Manufacturing Company|
|IPO Open Date||September 21, 2023|
|IPO Close Date||September 25, 2023|
|IPO Allotment Date||September 28, 2023|
|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
About Marco Cables & Conductors Limited
Marco Cables & Conductors Limited was founded back in 1989 and is all about making and selling wires, cable wires, and conductors right here in India.
Now, let’s take a closer look at what they offer:
- LT Aerial Bunched Cables: These are used for distributing power overhead. They’re great because they boost safety and reliability, reduce power losses, and save money in the long run by cutting down on installation, maintenance, and operating costs. Plus, they’re perfect for tricky places like hilly areas, forests, and coastal regions.
- LT PVC Cables: Simple and straightforward.
- AAAC Conductor: These are made from a special alloy of aluminum, magnesium, and silicon. The mix of metals gives them strong mechanical properties after they’ve been treated.
- LT XLPE Cables: These cables have copper or aluminum conductors with XLPE insulation, and they’re wrapped up nicely. They even have an inner tape or extrusion. The armor is made of galvanized mild steel wires or strips, and the outer sheath is high-quality PVC. It all meets the right standards.
- ACSR Conductors: These conductors have a core of either solid or stranded steel, surrounded by strands of aluminum. ACSR Conductors are available in various steel options, with different carbon levels. They’re tough and handy for things like river crossings and long-span installations.
Marco Cables & Conductors makes all this happen in their manufacturing unit located in Nasik, Maharashtra. They have a combined production capacity of 18,000 kilometers per year, as of August 7, 2023.
Now, let’s talk numbers. In the fiscal years 2023, 2022, and 2021, the company brought in revenues of Rs. 5,676.79 Lacs, Rs. 5,641.00 Lacs, and Rs. 4,239.18 Lacs, respectively.
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Marco Cables IPO FAQs
What is the start and end date of Marco Cables IPO Subscription?
The Marco Cables IPO started on September 21, 2023, and ended on September 25, 2023.
When does Marco Cables IPO Subscription open?
The Marco Cables IPO open on September 21, 2023.
When does Marco Cables IPO Subscription close?
The Marco Cables IPO Close on September 25, 2023.
What is the allotment date of Marco Cables IPO?
The allotment date for Marco Cables IPO is September 28, 2023.
When is the initial refund date of Marco Cables IPO?
The initial Refund date for Marco Cables IPO is September 29, 2023.
When were the shares credited to investors demat accounts for the Marco Cables IPO?
The shares for the Marco Cables IPO were credited to investors demat accounts on October 3, 2023.
When will Marco Cables IPO be listed on the stock market?
Marco Cables IPO stock market will be listed on October 4, 2023 at 10 am.
What was the price range of the Marco Cables IPO shares?
The Marco Cables IPO shares were offered at a price range of ₹36 per share.
What was the lot size for the Marco Cables IPO shares?
The lot size for the Marco Cables IPO shares was 3000 shares.
What was the total issue size of the Marco Cables IPO?
The total issue size of the Marco Cables IPO was ₹18.73 crores.
How were the shares allocated among different types of investors for the Marco Cables IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Marco Cables IPO listed?
The Marco Cables IPO was listed on the NSE SME.
What is the Marco Cables IPO Subscription Status?
Marco Cables IPO is subscribed Times.