Bookbuilding IPO | ₹23 Cr | Listed at NSE SME | Thu, Mar 25, 2021 - Wed, Mar 31, 2021
V-Marc India IPO is a book build issue of ₹23.40 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹23.40 crore.
V-Marc India IPO bidding started from Mar 25, 2021 and ended on Mar 31, 2021. The allotment for V-Marc India IPO was finalized on Apr 6, 2021. The shares got listed on NSE SME on Apr 9, 2021.
V-Marc India IPO price band is set at ₹39 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,17,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,34,000.
Pantomath Capital Advisors Pvt.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 Pentagon Stock Brokers Pvt.Ltd..
Refer to V-Marc India IPO RHP for detailed Information.
IPO Open
Thu, Mar 25, 2021
IPO Close
Wed, Mar 31, 2021
Issue Price
₹39 per share
Market Cap (Pre-IPO)
₹88.86 Cr
| IPO Date | 25 to 31 Mar, 2021 |
| Listed on | Fri, Apr 9, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹37 to ₹39 |
| Issue Price | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,00,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 3,00,000 shares Pentagon Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 57,00,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 57,00,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,67,85,696 shares |
| Share Holding Post Issue | 2,27,85,696 shares |
| NSE Symbol | VMARCIND |
| ISIN | INE0GXK01018 |
V-Marc India IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 57,00,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,50,000 (50.00%) allocated to NII 28,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 28,50,000 | 50.00% | 47.50% |
| Retail Shares Offered | 28,50,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.00% | |
| Total Shares Offered | 60,00,000 | 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 | ₹1,17,000 |
| Retail (Max) | 1 | 3,000 | ₹1,17,000 |
| HNI (Min) | 2 | 6,000 | ₹2,34,000 |
Incorporated in 2014, V-Marc India Limited is engaged in the business of manufacturing and marketing wires and cables under the brand name of "V-Marc". The company manufactures and sells a diversified range of wires and cables i.e. single & multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, power cables, core flat cables, solar cables, wires, and aerial bunched cables, etc.
The company sells its products through multiple channels; 1. government tenders to supply products for government projects, 2. supply to EPC contractors for turnkey projects, and 3. dealer and distribution network to directly sell to private companies. It supplies its products across industries i.e. power, real estate, railways, and telecom sector. As of Dec 31, 2020, it has a strong network of 650+ dealers across 12 states.
The firm has two manufacturing facilities located at Haridwar, Uttarakhand with an aggregate installed capacity of 71,100 KM p.a and also proposes to set-up a new manufacturing facility with a total capacity of 11,520 km p.a.
Competitive strengths
| Period Ended |
|---|
| 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 capital expenditure for the Project | 15.00 |
| 2 | Funding the working capital requirements of our Company | 5.00 |
| 3 | General corporate purposes | 4.63 |
The V-Marc India IPO is subscribed 1.62 times on March 31, 2021 5:00:00 PM (Day 5). The public issue subscribed 1.8 times in the retail category, [.] times in the QIB category, and 1.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.44 | 28,50,000 | 41,10,000 |
| Retail | 1.8 | 28,50,000 | 51,39,000 |
| Total | 1.62 | 57,00,000 | 92,49,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including underwriting commission) | 1.63 |
| 2 | Advertising and marketing expenses | 0.14 |
| 3 | Fees payable to the Legal Advisors to the Issue | 0.01 |
| 4 | Fees to the Registrar to the Issue | 0.01 |
| 5 | Fees payable to the Regulators including stock exchange | 0.04 |
| 6 | Printing and distribution of Issue stationary | 0.01 |
| 7 | Brokerage and selling commission payable to Syndicate | 0.12 |
| 8 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 9 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 10 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the membersof the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them | 0.00 |
| 11 | Others (bankers to the Issue, auditor’s fees etc.) | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹46.50 |
| Low | ₹44.20 |
| High | ₹48.60 |
| Last Trade | ₹47.10 |
Lead Manager Reports
V-Marc India IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 25, 2021, and closes on Wed, Mar 31, 2021.
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 V-Marc India IPO using UPI as a payment gateway. Zerodha customers can apply in V-Marc India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V-Marc India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V-Marc India IPO opens on Thu, Mar 25, 2021 and closes on Wed, Mar 31, 2021.
V-Marc India IPO lot size is 3000, and the minimum amount required for application is ₹1,17,000.
You can apply in V-Marc India 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 V-Marc India IPO will be done on Tuesday, April 6, 2021, and the allotted shares will be credited to your demat account by Thu, Apr 8, 2021. Check the V-Marc India IPO allotment status.
The V-Marc India IPO listing date is on Fri, Apr 9, 2021.
