The IPO date for Marco Cables & Conductors has been set for September 21 to September 25. Marco Cables & Conductors is an NSE SME IPO that will raise 18.73 crore through an IPO. The Marco Cables & Conductors IPO price band is set at 36 with a market lot of 3000 shares.
Marco Cables & Conductors is an Indian company that manufactures and sells wires, cables, wires, and conductors. It has been in the power cable sector for over 34 years. They began their operations by producing wires (with an aluminum/copper conductor), XLPE/PVC cables, and Aerial Bunched Cables, and later expanded to include AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors. For the past three decades, they have been producing XLPE, PVC, and aerial Bunched
Cables. They have just begun ACSR (Aluminium Conductor Steel Reinforced), AAAC (All Aluminium Alloy Conductor) and ABC (Aerial Bunched Cable) for distribution and transmission power lines. They have built experience and enhanced their technology over the years by adding various automatic machineries and equipment to the facility, which has helped them increase their production capacity and product quality. They have the potential to provide the greatest items at the most competitive market costs.
Marco Cables & Conductors sells its products through a diverse sales and distribution mix, primarily by 1) obtaining government tenders for supply to government projects. 2) delivering turnkey projects to EPC contractors, and 3) direct sales to a few private enterprises. They have made continual investments in our production infrastructure over the years to support their product range requirements and reach. A tight quality assurance system, extensive manufacturing design experience, and established marketing and distribution contacts are among the Company’s capabilities. They endeavour to give superior services and customised products.
Marco Cables & Conductors IPO Date & Price Band Details
| IPO Open: | September 21, 2023 |
| IPO Close: | September 25, 2023 |
| IPO Size: | Approx ₹18.73 Crores, 5,202,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Objects of the 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
- General corporate purposes
Marco Cables & Conductors IPO Review
- To be updated soon
Marco Cables & Conductors IPO Market Lot
The Marco Cables & Conductors IPO minimum market lot is 3000 shares with a ₹108,000 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹108,000 |
| Retail Maximum | 1 | 3000 | ₹108,000 |
| S-HNI Minimum | 2 | 6000 | ₹216,000 |
Marco Cables & Conductors IPO Dates
The Marco Cables & Conductors IPO date is September 21 and the IPO close date is September 25. The IPO allotment date is September 28 and the IPO might list on October 4.
| IPO Open Date: | September 21, 2023 |
| IPO Close Date: | September 25, 2023 |
| Basis of Allotment: | September 28, 2023 |
| Refunds: | September 29, 2023 |
| Credit to Demat Account: | October 3, 2023 |
| IPO Listing Date: | October 4, 2023 |
Marco Cables & Conductors IPO Form
How to apply Marco Cables & Conductors IPO? –> You can apply for Marco Cables & Conductors IPO using ASBA from your bank account. Simply connect in to your online banking account and apply through your bank account by selecting the Marco Cables & Conductors IPO in the Invest section. Another alternative is to apply for Marco Cables & Conductors IPO using IPO forms downloaded from the NSE website. Examine the Marco Cables and Conductors forms.
Marco Cables & Conductors Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹42.83 | ₹42.71 | ₹0.12 |
| 2022 | ₹56.65 | ₹56.18 | ₹0.34 |
| 2023 | ₹56.94 | ₹53.81 | ₹2.81 |
Marco Cables & Conductors IPO Valuation – FY2023
Check Marco Cables & Conductors IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.78 per Equity Share |
| Price/Earning P/E Ratio: | 20.22 |
| Return on Net Worth (RoNW): | 17.98% |
| Net Asset Value (NAV): | ₹9.89 per Equity Share |
Peer Group
- V-Marc India Limited
- Ultracab (India) Limited
- Relicab Cable Manufacturing Limited
- Dynamic Cables Limited
Marco Cables & Conductors IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
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
Company Promoters
- Mr. Sumit Sugnomal Kukreja
- Mr. Sugnomal Mangandas Kukreja
- Ms. Komal Sumit Kukreja
Marco Cables & Conductors IPO Lead Managers aka Merchant Bankers
- Shreni Shares Private Limited
Marco Cables & Conductors IPO FAQs:
Q1. What is Marco Cables & Conductors IPO?
Ans. Marco Cables & Conductors IPO is an NSE SME IPO. They are going to raise ₹18.73 Crores via IPO. The issue is priced at ₹36 per equity share. The IPO is to be listed on NSE.
Q2. When Marco Cables & Conductors IPO will open?
Ans. The IPO is to open on September 21, 2023 for QIB, NII, and Retail Investors.
Q3. What is Marco Cables & Conductors IPO Investors Portion?
Ans. The investors’ portion for QIB is [.], NII is 50%, and Retail is 50%.
Q4. How to Apply the Marco Cables & Conductors IPO?
Ans. You can apply Marco Cables & Conductors IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Marco Cables & Conductors IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Marco Cables & Conductors”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Marco Cables & Conductors IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Marco Cables & Conductors”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Marco Cables & Conductors IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Marco Cables & Conductors”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Marco Cables & Conductors IPO Size?
Ans. Marco Cables & Conductors IPO size is ₹18.73 crores.
Q9. What is Marco Cables & Conductors IPO Price Band?
Ans. Marco Cables & Conductors IPO Price Band is ₹36 per equity share.
Q10. What is Marco Cables & Conductors IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 3000 shares with ₹108,000.
Q11. What is Marco Cables & Conductors IPO Allotment Date?
Ans. Marco Cables & Conductors IPO allotment date is September 28, 2023.
Q12. What is Marco Cables & Conductors IPO Listing Date?
Ans. Marco Cables & Conductors IPO listing date is October 4, 2023. The IPO to list on NSE SME.
