Marco Cables & Conductors Ltd
Price Range
₹36
Min. Quantity
3,000
Closes on
25 September 2023
Min. investment
₹1,08,000/3,000 Shares
Marco Cables & Conductors Ltd IPO Timeline
Marco Cables & Conductors Ltd was originally incorporated as a private limited under the name 'Marco Cables Private Limited' vide Certificate of Incorporation issued by the Registrar of Companies, Mumbai on April 13, 1989. Subsequently, name of the Company was changed to 'Marco Cables & Conductors Private Limited' dated May 22, 2023. Eventually, the status of Company was converted to Public Limited and the name of Company was changed to 'Marco Cables & Conductors Limited' through fresh Certificate of Incorporation issued on June 19, 2023 by the Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| Marco Cables & Conductors Ltd IPO Opening Date | 21 September 2023 |
| Marco Cables & Conductors Ltd IPO Closing Date | 25 September 2023 |
| Basis of Allotment | 28 September 2023 |
| Initiation of Refunds | 29 September 2023 |
| Credit of Shares to Demat | 3 October 2023 |
| Marco Cables & Conductors Ltd IPO Listing Date | 28 September 2023 |
Marco Cables & Conductors Ltd IPO Details
| Marco Cables & Conductors Ltd IPO Date | 21 September 2023 to 25 September 2023 |
| Marco Cables & Conductors Ltd IPO Face Value | ₹10 per share |
| Marco Cables & Conductors Ltd IPO Price | ₹36 to ₹0 per share |
| Marco Cables & Conductors Ltd IPO Lot Size | 3,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹18.73 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹9.36 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹9.37 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sumit Sugnomal Kukreja, Sugnomal Mangandas Kukreja, Komal Sumit Kukreja |
Marco Cables & Conductors Ltd IPO Lot Size
The Marco Cables & Conductors Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,08,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3,000 | ₹1,08,000 |
| Maximum | 1 | 3,000 | ₹1,08,000 |
- Strengths
- Risks
- Opportunities
- Qualifying in BQR of Government tenders;
- Assured Quality and High Standard Service;
- Strong Customer Base;
- Leveraging the experience of its Promoters and Directors;
- Customized Product Development;
- Strong Financial Management;
- Strong Marketing Practices.
Company Financials
Marco Cables & Conductors Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 80.2 | 72.08 | 3.04 |
| 03-2023 | 70.92 | 56.94 | 3.08 |
| 03-2022 | 59.55 | 56.65 | 0.33 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of capital expenditure requirements of the company towards purchase (i) Solar Power Ayatems & (ii) 1+12 Rigid Stranding Machine
- Funding incremental working capital requirements
- General corporate purposes
Marco Cables & Conductors Ltd IPO Promoter Holding
| Pre Issue Share Holding | 66.8% |
| Post Issue Share Holding | 43.6% |
Marco Cables & Conductors Ltd IPO Subscription Status (Bidding Detail)
The Marco Cables & Conductors Ltd IPO is subscribed 28.2047 times on 25 September 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 28.2047 |
Marco Cables & Conductors Ltd IPO Prospectus
Marco Cables & Conductors Ltd IPO Listing Date
| Listing Date | 28 September 2023 |
| BSE Script | 34737 |
| NSE Symbol | MARCO |
| Listing In | NSE - SME |
| ISIN | INE0QP001012 |
| IPO Price | ₹36 |
| Face Value | ₹10 |
Company Contact Information
# 100 Opp.Bhai Gangaram MarketMain Road Ulhasnagar,Thane-421005
Phone: 0251 2530332
Email: investors@hmtcable.com
Website: www.marcocables.com
Marco Cables & Conductors Ltd IPO Registrar
Marco Cables & Conductors Ltd IPO Lead Manager(s)
- Shreni Shares Ltd
FAQ
What is the issue size of Marco Cables & Conductors Ltd IPO?
I have pre-applied for Marco Cables & Conductors Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.