Listing Details
- Listing Exchange NSE SME
- Listing Date 28-Sep-23
- IPO Price Range ₹ 36
- Listing Price ₹ 38.7
- Listing Change 7.5%
- Last Traded Price ₹ 49.5
- Current Change 37.5%
Marco Cables IPO Details
- Open Date 21-Sep-23
- Close Date 25-Sep-23
- Lot Size 3000
- IPO Size ₹ 18.73 Cr
- IPO Price Range ₹ 36
- Min Investment ₹ 108000
- Listing Exchange NSE SME
- Basis of Allotment 21-Sep-23
- Refunds 25-Sep-23
- Credit to Demat Account 03-Oct-23
- Listing Date 04-Oct-23
Marco Cables & Conductors IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Sep-23 | - | 1.08 | 1.60 | 1.34 |
| 22-Sep-23 | - | 1.82 | 5.13 | 3.48 |
| 25-Sep-23 | - | 24.36 | 35.24 | 30.89 |
Marco Cables IPO Synopsis
Marco Cables & Conductors Limited IPO is all set to open from 21st September to 25th September 2023. The company manufactures selling wires, cable wires, and conductors. The IPO includes a fresh issue of 2,601,000 shares worth ₹9.36 cr and an OFS of 2,601,000 worth ₹9.36 cr. The total IPO size is ₹18.73 cr. The share allotment date is 28th September, and the IPO will be listed on 4th October, on the stock exchanges. The price band is ₹36 per share and the lot size is 3000 shares.
Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Marco Cables & Conductors IPO:
Marco Cables & Conductors plans to utilize the raised capital from the IPO to:
• To fund capital expenditure for the purchase of a Solar Power System and 1+12 Rigid Stranding Machine.
• For working capital requirements.
• General corporate purpose.
About Marco Cables & Conductors
Established in 1989, Marco Cables & Conductors manufacturers selling wires, cable wires, and conductors. The company's manufacturing facility is located in Nasik, Maharashtra and has an annual production capacity of 18,000 kilometers as of August 07, 2023.
The company offers a diverse range of products, including
• LT Aerial Bunched Cables: Cables designed for overhead power distribution, highly suitable for challenging terrains like hilly areas, forests, and coastal regions.
• LT PVC Cables.
• AAAC Conductor: Built from a high electrical conductivity aluminum-magnesium-silicon alloy containing magnesium (0.6-0.9%) and silicon (0.5-0.9%).
• LT XLPE Cables: Cables with copper or aluminum conductors with XLPE insulation, inner tape or extrusion, galvanized mild steel wire or strip armouring, and a high-grade PVC outer sheath, all complying with relevant IS specifications.
• ACSR Conductors: This includes steel core, solid or stranded, covered by aluminum strands (E.C. GRADE). They have a high tensile strength, making them ideal for river crossings, overhead ground wires, and installations with extended spans, among other applications.
Peer Comparison
• V-Marc India Limited
• Ultracab (India) Limited
• Relicab Cable Manufacturing Limited
• Dynamic Cables Limited
For More Information:
Webstory on Marco Cables & Conductors IPO
Marco Cables & Conductors IPO GMP
Marco Cables & Conductors Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 56.77 | 56.41 | 42.39 |
| EBITDA | 9.53 | 6.26 | 5.69 |
| PAT | 2.81 | 0.33 | 0.12 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 69.93 | 59.55 | 56.59 |
| Share Capital | 3.22 | 3.22 | 3.22 |
| Total Borrowings | 54.33 | 50.09 | 47.48 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.37 | 3.09 | -5.07 |
| Net cash from / (used in) investing activities | 0.53 | -0.074 | -0.0082 |
| Net cash flow from / (used in) financing activities | -1.01 | -3.86 | 2.94 |
| Net increase (decrease) in cash and cash equivalents | -0.11 | -0.84 | -2.14 |
Marco Cables IPO Key Points
-
Strengths
1. The company qualifies in BQR of Government tenders.
2. Assured quality and high standard service.
3. A loyal and strong customer base.
4. Strong financial management.
5. Strong marketing practice.
6. It has an experienced management team. -
Risks
1. Dependent on the performance of the wires and cables market.
2. Revenues are highly dependent on operations in certain geographical regions especially, Gujarat, Telangana, Maharashtra and Madhya Pradesh.
3. Operates in a labor-intensive and fragmented industry.
4. Negative cash flows in the past.
5. Pricing pressure from customers may adversely affect the company.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Marco Cables IPO FAQs
What is the minimum lot size and investment required for the Marco Cables & Conductors IPO?
The minimum lot size of Marco Cables & Conductors IPO is 3000 shares and the investment required is ₹108,000.
What is the price band of Marco Cables & Conductors IPO?
The price band for Marco Cables & Conductors IPO is ₹36 per share.
When does the Marco Cables & Conductors IPO issue open and close?
Marco Cables & Conductors IPO opens from 21st September to 25th September 2023.
What is the size of the Marco Cables & Conductors IPO issue?
The Marco Cables & Conductors IPO size is ₹18.73 cr.
What is the allotment date of the Marco Cables & Conductors IPO?
The share allotment date of Marco Cables & Conductors IPO is 28th September 2023.
What is the Marco Cables & Conductors IPO listing date?
The Marco Cables & Conductors IPO will be listed on 4th October 2023.
Who are the book runners for the Marco Cables & Conductors IPO?
Shreni Shares Limited is the book-running lead manager for Marco Cables & Conductors IPO.
What is the objective of Marco Cables & Conductors IPO?
Marco Cables & Conductors plans to utilize the raised capital from the IPO to:
1. To fund capital expenditure for the purchase of a Solar Power System and 1+12 Rigid Stranding Machine.
2. For working capital requirements.
3. General corporate purpose.
How to apply for the Marco Cables & Conductors IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section • Enter the number of lots and the price at which you wish to apply for the Marco Cables & Conductors IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
Contact Details of Marco Cables & Conductors IPO
Contact Information
Marco Cables & Conductors Limited
Shop No 100, Opposite Bhai Gangaram Market,
Main Road, Ulhasnagar,
Thane - 421005,
Phone: 0251 2530332
Email: investors@hmtcable.com
Website: https://www.marcocables.com/index
Marco Cables & Conductors IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Marco Cables & Conductors IPO Lead Manager
Shreni Shares Private Limited