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Marco Cables IPO is a fixed price issue of ₹18.73 crores. The issue is a combination of fresh issue of 0.26 crore shares aggregating to ₹9.36 crores and offer for sale of 0.26 crore shares aggregating to ₹9.36 crores.
Marco Cables IPO bidding started from Sep 21, 2023 and ended on Sep 25, 2023. The allotment for Marco Cables IPO was finalized on Sep 28, 2023. The shares got listed on NSE SME on Sep 28, 2023.
Marco Cables IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Marco Cables IPO RHP for detailed Information.
| IPO Date | September 21, 2023 to September 25, 2023 |
| Listing Date | September 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 52,02,000 shares (aggregating up to ₹18.73 Cr) |
| Reserved for Market Maker | 2,88,000 shares Shreni Shares Ltd. (aggregating up to ₹1.04 Cr) |
| Fresh Issue (Ex Market Maker) | 23,13,000 shares (aggregating up to ₹8.33 Cr) |
| Offer for Sale | 26,01,000 shares of ₹10 (aggregating up to ₹9.36 Cr) |
| Net Offered to Public | 49,14,000 shares (aggregating up to ₹17.69 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,60,98,000 shares |
| Share Holding Post Issue | 1,86,99,000 shares |
Marco Cables & Conductors IPO offers total 52,02,000 shares. Out of which 24,57,000 (47.23%) allocated to NII, 24,57,000 (47.23%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.54%) |
| NII (HNI) Shares Offered | 24,57,000 (47.23%) |
| Retail Shares Offered | 24,57,000 (47.23%) |
| Total Shares Offered | 52,02,000 (100.00%) |
Marco Cables IPO opens on September 21, 2023, and closes on September 25, 2023.
| IPO Open Date | Thu, Sep 21, 2023 |
| IPO Close Date | Mon, Sep 25, 2023 |
| Tentative Allotment | Thu, Sep 28, 2023 |
| Initiation of Refunds | Fri, Sep 29, 2023 |
| Credit of Shares to Demat | Tue, Oct 3, 2023 |
| Tentative Listing Date | Thu, Sep 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 25, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1989, Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling wires, cable wires, and conductors in India.
The company's product list includes:
Marco Cables & Conductors' manufacturing unit is located at Nasik, Maharashtra, with a combined installed production capacity of 18,000 Kms p.a. as of August 07, 2023.
The company recorded Rs. 5,676.79 Lacs, Rs. 5,641.00 Lacs, and Rs. 4,239.18 Lacs in revenue from operations in fiscal 2023, 2022, and 2021 respectively.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,658.84 | 5,954.62 | 6,993.44 |
| Total Income | 4,282.91 | 5,665.31 | 5,693.72 |
| Profit After Tax | 12.25 | 33.49 | 280.71 |
| Net Worth | 911.25 | 944.75 | 1,560.86 |
| Reserves and Surplus | 621.84 | 655.34 | 1,238.90 |
| Total Borrowing | 3,522.22 | 3,665.19 | 3,757.73 |
The market capitalization of Marco Cables IPO is ₹67.32 Cr.
| KPI | Values |
|---|---|
| ROE | 22.41% |
| ROCE | 16.93% |
| Debt/Equity | 2.41 |
| RoNW | 17.98% |
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has posted static top lines for FY22 and FY23, but surprised with boosted bottom line for FY23. Based on FY23 super earnings, the issue appears fully priced. Well-informed/risk seekers may park funds for the medium to long term. Read detail review...
| Listing Date | September 28, 2023 |
| BSE Script Code | |
| NSE Symbol | MARCO |
| ISIN | INE0QP001012 |
| Final Issue Price | ₹36 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹38.70 |
| Low | ₹37.05 |
| High | ₹40.60 |
| Last Trade | ₹40.60 |
Marco Cables & Conductors Ltd.
Shop No 100, Opposite Bhai Gangaram Market,
Main Road,
Ulhasnagar,
Thane, Maharashtra, 421005
Phone: 0251 2530332
Email: investors@hmtcable.com
Website: https://www.marcocables.com/index
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Marco Cables IPO is a SME IPO of 52,02,000 equity shares of the face value of ₹10 aggregating up to ₹18.73 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on September 21, 2023, and closes on September 25, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Marco Cables IPO using UPI as a payment gateway. Zerodha customers can apply in Marco Cables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Marco Cables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Marco Cables IPO opens on September 21, 2023 and closes on September 25, 2023.
Marco Cables IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Marco Cables IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Marco Cables IPO will be done on Thursday, September 28, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 3, 2023. Check the Marco Cables IPO allotment status.
The Marco Cables IPO listing date is on Thursday, September 28, 2023.
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