Marco Cables & Conductors IPO

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 nameMarco Cables & Conductors Limited
Company Website

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 date21 September 2023
IPO Closing25 September 2023
Basis of Allotment28 September 2023
Initiation Refund29 September 2023
Credit to Demat Account03 October 2023
Listing Date04 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on September 25, 2023)

IPO details

Issue typeFixed 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 size3000 Shares
Market Maker portion288,000 shares
Shareholding pre-issue16,098,000
Shareholding post-issue18,699,000
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)13000₹108,000
Retail (Max)13000₹108,000
HNI (Min)26,000₹216,000

Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income0.120.342.81
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio20.23
RONW (%)1.343.5517.98
ROCE (%)11.5212.4116.93
EBITDA (%)13.4211.0916.80

Company Promoters

  • Mr. Sumit Sugnomal Kukreja
  • Mr. Sugnomal Mangandas Kukreja
  • Ms. Komal Sumit Kukreja

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding72.18%

Lead Manager(s)

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

IPO Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Contact Details

Shop No 100, Opposite Bhai Gangaram Market,
Main Road, Ulhasnagar, Thane – 421005, Maharashtra
Phone: 0251 2530332

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

Leave a Comment

Your email address will not be published. Required fields are marked *