Marco Cables & Conductors Ltd

Cables

Offer Period :

21st to 9th Sep 2023

Established in 1989, Marco Cables & Conductors Limited manufactures and sells wires, cable wires, and conductors in India. With a diverse product range, Read more... its Nasik-based unit has an annual production capacity of 18,000 Kms, recording revenues of Rs. 5,676.79 Lacs, Rs. 5,641.00 Lacs, and Rs. 4,239.18 Lacs in fiscal years 2023, 2022, and 2021.Read less

Marco Cables & Conductors Ltd IPO Details

IPO Date 21st to 9th Sep 2023 Minimum Investment ₹108000 / 1 Lots
Listing Date 2023-09-28 Maximum Investment ₹108000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹18.73 Crores
Price ₹36 to ₹36 per share Fresh Issue ₹9.36 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 9.37
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 21st to 9th Sep 2023
Listing Date 2023-09-28
Face Value ₹10 per share
Price ₹36 to ₹36 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹108000 / 1 Lots
Maximum Investment ₹108000 / 1 Lots
Total Issue Size ₹18.73 Crores
Fresh Issue ₹9.36 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

21st Sep

IPO Starts

25th Sep

IPO Ends

28th Sep

Allotment Date

29th Sep

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

28th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 87.92 61.79
Public Group 12.08 38.21

Marco Cables & Conductors Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 2457000(47.23%)
Retail Shares Offered 2457000(47.23%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 5202000
Total Shares With Anchor Investor 5202000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Marco Cables & Conductors Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number 022 - 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Marco Cables & Conductors Ltd IPO Lead Manager

1. Shreni Shares Ltd

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Marco Cables & Conductors Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Marco Cables & Conductors Ltd

1. Qualifying in BQR of Government tenders;

2. Assured Quality and High Standard Service;

3. Strong Customer Base;

4. Leveraging the experience of its Promoters and Directors;

5. Customized Product Development;

6. Strong Financial Management;

7. Strong Marketing Practices.

Risks Involved

1. There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

2. The costs of the raw materials that the company use in its manufacturing process are subject to volatility due to factors beyond its control. Increases or fluctuations in raw material prices may have a material adverse effect on its business, financial condition, results of operations and cash flows.

3. The company manufacturing facilities are critical to its business operations and any shutdown of the company manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.

4. The company is dependent on the performance of the wires and cables market. Any adverse changes in the conditions affecting the wires and cables market can adversely impact its business, financial condition, results of operations, cash flows and prospects.

5. The company is subject to strict quality requirements and any product defect issues or failure by its or the company raw material suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls and exposure to potential product liability claims.

6. The company is generate its major portion of sales from it operations in certain geographical regions especially, Gujarat, Telangana, Maharashtra and Madhya Pradesh. Any adverse developments affecting our operations in these regions could have an adverse impact on its revenue and results of operations.

7. Any shortages, delay or disruption in the supply of the raw materials we use in its manufacturing process due to factors beyond its control may have a material adverse effect on the company business, financial condition, results of operations and cash flows.

8. The industry in which its operate is labour intensive and the company manufacturing operations may be materially adversely affected by strikes, work stoppages or increased wage demands by its employees or those of the company suppliers.

9. The company Business is dependent on its Continuing relationships with it customers, with whom its have not entered into long term arrangements. Further the company have been procuring business from Government entities, which are undertaken through bidding process and failure to procure such tenders on a continuous basis could adversely impact its revenues and profitability.

10. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Marco Cables & Conductors Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-09-28 34737 MARCO
INE0QP001012
₹36 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹36 ₹36
Open ₹0 ₹38.7
Low ₹0 ₹37.05
High ₹0 ₹40.6
Low ₹0 ₹37.05

Frequently Asked Questions

What is Marco Cables & Conductors Ltd IPO?

Answer Field

Marco Cables & Conductors Ltd IPO is a SME IPO of 52,02,000 equity shares of a face value of ₹10 aggregating up to ₹18.73 Crores. The issue is priced at ₹36 to ₹36 per share. The minimum order quantity is 3000 Shares. The IPO opens on September 21, 2023, and closes on September 25, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Marco Cables & Conductors Ltd IPO will open?

Answer Field

The Marco Cables & Conductors Ltd IPO opens on September 21, 2023 and closes on September 25, 2023.

What is the lot size of Marco Cables & Conductors Ltd?

Answer Field

Marco Cables & Conductors Ltd lot size is 3000 shares, and the minimum amount required is ₹1,08,000.

How to apply for Marco Cables & Conductors Ltd IPO?

Answer Field

You can apply in Marco Cables & Conductors Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Marco Cables & Conductors Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Marco Cables & Conductors Ltd IPO will be done on September 28, 2023, and the allotted shares will be credited to your demat account by October 03, 2023.

When is Marco Cables & Conductors Ltd IPO listing date?

Answer Field

The Marco Cables & Conductors Ltd listing date is September 28, 2023.

Who is the registrar of Marco Cables & Conductors Ltd IPO?

Answer Field

The registrar of Marco Cables & Conductors Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Shreni Shares Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Marco Cables & Conductors Ltd IPO?

Answer Field

The fresh issue size is ₹9.36 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Marco Cables & Conductors Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,08,000 amount.

How can I approve the UPI mandate request for Marco Cables & Conductors Ltd IPO?

Answer Field

To apply for Marco Cables & Conductors Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Marco Cables & Conductors Ltd?

Answer Field

The price of each Marco Cables & Conductors Ltd share will be ranging in between ₹36 to ₹36 per share.

What is the cut-off time for the UPI mandate for Marco Cables & Conductors Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 25, 2023.

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