Marco Cables IPO GMP, Review, Price, Allotment

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Last updated on September 28, 2023

Marco Cables IPO GMP

Marco Cables IPO description – 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.

Marco Cables & Conductors

Promoters of Marco CablessMr. Sumit Sugnomal Kukreja


Marco Cables IPO Details

Marco Cables IPO Dates21 – 25 September 2023
Marco Cables Issue PriceINR 36 per share
Fresh issue26,01,000 shares (INR 9.36 crores)
Offer For Sale26,01,000 shares (INR 9.36 crores)
Total IPO size52,02,000 shares (INR 18.73 crores)
Minimum bid (lot size)3,000 shares (INR 108,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Marco Cables Financial Performance

 FY 2021FY 2022FY 2023
Revenue42.3956.4156.77
Expenses42.7156.1853.81
Net income0.120.342.81
Figures in INR crores unless specified otherwise

Marco Cables Offer News


Marco Cables Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.080.211.78
PE ratio20.23
RONW (%)1.343.5517.98
NAV5.785.999.89
ROCE (%)11.5212.4116.93
EBITDA (%)13.4211.0916.80
Debt/Equity 3.873.882.41
*Compiled by IPO Central from Prospectus

Marco Cables IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
27 September 2023615,000
26 September 2023615,000
25 September 2023816,000
23 September 2023815,800
22 September 2023715,000

Marco Cables IPO Subscription – Live Updates

CategoryNIIRetailTotal
Shares Offered2,745,0002,457,0005,202,000
25 Sep 202321.9135.2428.20
22 Sep 20231.735.043.30
21 Sep 20230.961.551.24

Marco Cables IPO Allotment Status

Marco Cables IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Marco Cables IPO Dates & Listing Performance

IPO Opening Date21 September 2023
IPO Closing Date25 September 2023
Finalization of Basis of Allotment27 September 2023
Initiation of refunds27 September 2023
Transfer of shares to demat accounts28 September 2023
IPO Listing Date28 September 2023
Opening Price on NSE SMEINR 38.70 per share (up 7.5%)
Closing Price on NSE SMEINR 40.60 per share (up 12.78%)

Marco Cables Offer Lead Manager

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[email protected]
Website: www.shreni.in


Marco Cables Offer 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:  [email protected]
Website: www.bigshareonline.com


Marco Cables Contact Details

MARCO CABLES & CONDUCTORS LIMITED
Shop No 100, Opposite Bhai Gangaram Market,
Main Road, Ulhasnagar, Thane – 421005, Maharashtra
Phone: 0251 2530332
E-mail: [email protected]
Website: www.marcocables.com


IPO FAQs

What is Marco Cables Issue offer size?

Marco Cables offer size is INR 18.73 crores.

What is the Marco Cables offer price band?

Marco Cables public offer price is INR 36 per share.

What is the lot size of Marco Cables public offer?

Marco Cables offer lot size is 3,000 shares.

What is Marco Cables IPO GMP today?

Marco Cables IPO GMP today is INR 8 per share.

What is Marco Cables kostak rate today?

Marco Cables kostak rate today is INR NA per application.

What is Marco Cables Subject to Sauda rate today?

Marco Cables Subject to Sauda rate today is INR 16,000 per application.

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