Last updated on September 28, 2023
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.
Promoters of Marco Cabless – Mr. Sumit Sugnomal Kukreja
Table of Contents
Marco Cables IPO Details
| Marco Cables IPO Dates | 21 – 25 September 2023 |
| Marco Cables Issue Price | INR 36 per share |
| Fresh issue | 26,01,000 shares (INR 9.36 crores) |
| Offer For Sale | 26,01,000 shares (INR 9.36 crores) |
| Total IPO size | 52,02,000 shares (INR 18.73 crores) |
| Minimum bid (lot size) | 3,000 shares (INR 108,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Marco Cables Financial Performance
| Â | 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 |
Marco Cables Offer News
- Marco Cables RHP
- Marco Cables Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Marco Cables 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 |
Marco Cables IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 September 2023 | 6 | – | 15,000 |
| 26 September 2023 | 6 | – | 15,000 |
| 25 September 2023 | 8 | – | 16,000 |
| 23 September 2023 | 8 | – | 15,800 |
| 22 September 2023 | 7 | – | 15,000 |
Marco Cables IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 2,745,000 | 2,457,000 | 5,202,000 |
| 25 Sep 2023 | 21.91 | 35.24 | 28.20 |
| 22 Sep 2023 | 1.73 | 5.04 | 3.30 |
| 21 Sep 2023 | 0.96 | 1.55 | 1.24 |
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 Date | 21 September 2023 |
| IPO Closing Date | 25 September 2023 |
| Finalization of Basis of Allotment | 27 September 2023 |
| Initiation of refunds | 27 September 2023 |
| Transfer of shares to demat accounts | 28 September 2023 |
| IPO Listing Date | 28 September 2023 |
| Opening Price on NSE SME | INR 38.70 per share (up 7.5%) |
| Closing Price on NSE SME | INR 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:Â [email protected]
Website:Â 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â 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.
