Fixed Price IPO | ₹19 Cr | Listed at NSE SME | Thu, Sep 21, 2023 - Mon, Sep 25, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 21, 2023
IPO Close
Mon, Sep 25, 2023
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹67.32 Cr
| IPO Date | 21 to 25 Sep, 2023 |
| Listed on | Thu, Sep 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 52,02,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 2,88,000 shares Shreni Shares Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 23,13,000 shares (agg. up to ₹8 Cr) |
| Offer for Sale | 26,01,000 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 49,14,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 1,60,98,000 shares |
| Share Holding Post Issue | 1,86,99,000 shares |
| NSE Symbol | MARCO |
| ISIN | INE0QP001012 |
Marco Cables IPO comprises a total issue size of 52,02,000 shares. The net offer to the public is 49,14,000 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 24,57,000 (50.00%) allocated to NII 24,57,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,57,000 | 50.00% | 47.23% |
| Retail Shares Offered | 24,57,000 | 50.00% | 47.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.54% | |
| Total Shares Offered | 52,02,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 69.93 | 59.55 | 56.59 |
| Total Income | 56.94 | 56.65 | 42.83 |
| Profit After Tax | 2.81 | 0.33 | 0.12 |
| NET Worth | 15.61 | 9.45 | 9.11 |
| Reserves and Surplus | 12.39 | 6.55 | 6.22 |
| Total Borrowing | 37.58 | 36.65 | 35.22 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of: (i) Solar Power System and (ii) 1 + 12 Rigid Stranding Machine | |
| 2 | Funding Incremental Working Capital Requirements; and | |
| 3 | General corporate purposes. |
| KPI | |
|---|---|
| ROE | 22.41% |
| ROCE | 16.93% |
| Debt/Equity | 2.41 |
| RoNW | 17.98% |
| PAT Margin | 4.94% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.78 | |
| P/E (x) | 20.22 | 24 |
| Promoter Holding | 100.00% | 72.18% |
| Market Cap | ₹67.32 Cr. |
The Marco Cables & Conductors IPO is subscribed 30.9 times on September 25, 2023 7:29:00 PM (Day 3). The public issue subscribed 35.24 times in the retail category, [.] times in the QIB category, and 24.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 24.36 | 24,57,000 | 5,98,47,000 |
| Retail | 35.24 | 24,57,000 | 8,65,86,000 |
| Total | 30.9 | 49,14,000 | 15,18,21,000 |
Total Application : 28,862
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.88 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Offer | 0.02 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, consultancy, peer review auditors, etc.) | 0.64 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹38.70 |
| Low | ₹37.05 |
| High | ₹40.60 |
| Last Trade | ₹40.60 |
Lead Manager Reports
Marco Cables IPO is a SME IPO of 52,02,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 21, 2023, and closes on Mon, Sep 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 Thu, Sep 21, 2023 and closes on Mon, Sep 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 Tue, Oct 3, 2023. Check the Marco Cables IPO allotment status.
The Marco Cables IPO listing date is on Thu, Sep 28, 2023.
