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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 ₹39.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,11,000 (3000 shares). The minimum lot size investment for 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 Date | March 25, 2021 to March 31, 2021 |
| Listing Date | April 9, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹37 to ₹39 per share |
| Issue Price Final | ₹39 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,00,000 shares (aggregating up to ₹23.40 Cr) |
| Reserved for Market Maker | 3,00,000 shares Pentagon Stock Brokers Pvt.Ltd. (aggregating up to ₹1.17 Cr) |
| Net Offered to Public | 57,00,000 shares (aggregating up to ₹22.23 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,67,85,696 shares |
| Share Holding Post Issue | 2,27,85,696 shares |
V-Marc India IPO offers total 60,00,000 shares. Out of which 28,50,000 (47.50%) allocated to NII, 28,50,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.00%) |
| NII (HNI) Shares Offered | 28,50,000 (47.50%) |
| Retail Shares Offered | 28,50,000 (47.50%) |
| Total Shares Offered | 60,00,000 (100.00%) |
V-Marc India IPO opens on March 25, 2021, and closes on March 31, 2021.
| IPO Open Date | Thu, Mar 25, 2021 |
| IPO Close Date | Wed, Mar 31, 2021 |
| Tentative Allotment | Tue, Apr 6, 2021 |
| Initiation of Refunds | Wed, Apr 7, 2021 |
| Credit of Shares to Demat | Thu, Apr 8, 2021 |
| Tentative Listing Date | Fri, Apr 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 31, 2021 |
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 | ₹1,17,000 |
| Retail (Max) | 1 | 3,000 | ₹1,17,000 |
| HNI (Min) | 2 | 6,000 | ₹2,34,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 12,962.05 | 12,968.32 | 11,274.96 | 8,643.20 | |
| Total Revenue | 13,062.57 | 17,164.44 | 20,525.61 | 14,351.31 | |
| Profit After Tax | 401.58 | 464.60 | 488.95 | 223.66 | |
The Company V-Marc India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] VMIL is operating in a highly competitive segment with many big players as well as unorganized local players. Based on its financial data, the issue appears fully priced. With mega spending on the power sector by the government, demands for cables will be on the rise. Considering this, investors may consider investing in this issue with a long term perspective. Read detail review...
| Listing Date | April 9, 2021 |
| BSE Script Code | |
| NSE Symbol | VMARCIND |
| ISIN | INE0GXK01018 |
| Final Issue Price | ₹39 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹39.00 |
| Open | ₹46.50 |
| Low | ₹44.20 |
| High | ₹48.60 |
| Last Trade | ₹47.10 |
V-Marc India Ltd.
Plot No. 3, 4, 18, 20A,
Sector IIDC,
SIDCUL,
Haridwar, Uttarakhand, 249403
Phone: +91 1334-239638
Email: investor@v-marc.in
Website: http://www.v-marc.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
V-Marc India IPO is a SME IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹23.40 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 3000.
The IPO opens on March 25, 2021, and closes on March 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 March 25, 2021 and closes on March 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 Thursday, April 8, 2021. Check the V-Marc India IPO allotment status.
The V-Marc India IPO listing date is on Friday, April 9, 2021.
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