Marco Cables & Conductors IPO will open for subscription from 21 September 2023. The company aims for an issue size of ₹18.73 Cr through this IPO.
Company Overview
| Full name | Marco Cables & Conductors Limited |
| Sector | Electricals |
| Industry | Cable |
| Company Website | https://www.marcocables.com/ |
About Company
Marco Cables & Conductors is engaged in manufacturing and selling wires, cable wires, and conductors in India, and has an operating history of over 34 years in the power cable industry. The company commenced its operations with the manufacturing of wires (with aluminum/copper conductor), XLPE /PVC cables, and Aerial Bunched Cables, including AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors.
The majority of its products are supplied to electricity boards of different states like Maharashtra, Gujarat, Tamil Nadu, Telangana, Haryana, Chhattisgarh, Madhya Pradesh, etc., and turnkey contractors of India. Marco Cables sells its products through a diversified sales & distribution mix, majorly by 1) securing government tenders for supply to government projects 2) supplying to EPC contractors for turnkey projects, and 3) direct sales to a few private companies.
The Objectives 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.
IPO Timetable
| IPO Opening date | 21 September 2023 |
| IPO Closing | 25 September 2023 |
| Basis of Allotment | 28 September 2023 |
| Initiation Refund | 29 September 2023 |
| Credit to Demat Account | 03 October 2023 |
| Listing Date | 04 October 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹18.73 Cr – 5,202,000 shares |
| Fresh Issue | ₹9.36 Cr – 2,601,000 shares |
| Offer for sale | ₹9.36 Cr – 2,601,000 shares |
| Face value | ₹10 per share |
| Offer Price | ₹36 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 288,000 shares |
| Shareholding pre-issue | 16,098,000 |
| Shareholding post-issue | 18,699,000 |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 42.39 | 56.41 | 56.77 |
| Expenses | 42.71 | 56.18 | 53.81 |
| Net income | 0.12 | 0.34 | 2.81 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.08 | 0.21 | 1.78 |
| PE ratio | – | – | 20.23 |
| RONW (%) | 1.34 | 3.55 | 17.98 |
| NAV | 5.78 | 5.99 | 9.89 |
| ROCE (%) | 11.52 | 12.41 | 16.93 |
| EBITDA (%) | 13.42 | 11.09 | 16.80 |
| Debt/Equity | 3.87 | 3.88 | 2.41 |
Company Promoters
- Mr. Sumit Sugnomal Kukreja
- Mr. Sugnomal Mangandas Kukreja
- Ms. Komal Sumit Kukreja
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.18% |
Lead Manager(s)
SHRENI SHARES LIMITED
Office No. 102, 1st Floor, Sea Lord CHS,
Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar,
Borivali (West), Mumbai- 400 092, Maharashtra, India
Phone: 22-2808 8456
Email: shrenishares@gmail.com
Website: www.shreni.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
MARCO CABLES & CONDUCTORS LIMITED
Shop No 100, Opposite Bhai Gangaram Market,
Main Road, Ulhasnagar, Thane – 421005, Maharashtra
Phone: 0251 2530332
E-mail: investors@hmtcable.com
Website: www.marcocables.com
Allotment Status
Marco Cables IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Marco Cables & Conductors IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
