Marco Cables & Conductors (NSE SME)
September 21, 2023 – September 25, 2023
| Price | ₹36 - ₹36 |
| Premium | ₹3 |
|---|---|
| Lot size | 3000 |
| Allotment | Sep 26, 2023 |
| Listing | Sep 28, 2023 |
Marco Cables & Conductors Limited
Shop No 100, Opposite Bhai Gangaram Market,
Main Road, Ulhasnagar,
Thane - 421005,
Phone: 0251 2530332
Email: investors@hmtcable.com
Website: https://www.marcocables.com/index
Last updated on 25-Sep-2023 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 24,57,000 | 6,01,35,000 | 24.47 |
| RETAIL | 24,57,000 | 8,65,83,000 | 35.24 |
| Total | 49,14,000 | 14,67,18,000 | 29.86 |
| Retail Apps | 28,861 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 108000 | 0 |
| HNI | 2 | 6000 | 216000 | 0 |
Incorporated in 1989, Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling wires, cable wires, and conductors in India.
The company's product list includes:
- LT Aerial Bunched Cables: It is used for overhead Power Distribution. It provides high safety and reliability, lower power losses, and ultimate system economy by reducing installation, maintenance, and operating costs, best for installation in difficult terrains such as hilly areas forest areas, coastal areas, etc.
- LT PVC Cables.
- AAAC Conductor: Made from aluminum-magnesium-silicon alloy of high electrical conductivity containing Magnesium (0.6-0.9%) and silicon (0.5-0.9%) to give it better mechanical properties after treatment.
- LT XLPE Cables: These are manufactured with CU/AI Conductor with XLPE Insulation, Laid up, Inner Taped/Extruded. The armoring is of galvanized mild steel wires/strips. The final outer sheath with high-grade PVC. All are as per relevant IS specifications.
- ACSR Conductors: ACSR conductor consists of a solid or stranded steel core surrounded by strands of aluminum (E.C. GRADE). ACSR Conductor is available in a wide range of steel, containing carbon from 0.5% to 0.85 %. ACSR Conductor has high Tensile Strength making it useful for for river crossings, overhead ground wires, installations involving extra long spans, etc.
Marco Cables & Conductors' manufacturing unit is located at Nasik, Maharashtra, with a combined installed production capacity of 18,000 Kms p.a. as of August 07, 2023.
The company recorded Rs. 5,676.79 Lacs, Rs. 5,641.00 Lacs, and Rs. 4,239.18 Lacs in revenue from operations in fiscal 2023, 2022, and 2021 respectively.
Marco Cables & Conductors IPO Details
| Issue Size | 5,202,000 shares (aggregating up to ₹18.73 Cr) |
| Fresh Issue | 2,601,000 shares (aggregating up to ₹9.36 Cr) |
| Offer for Sale | 2,601,000 shares of ₹10 (aggregating up to ₹9.36 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,098,000 |
| Share holding post issue | 18,699,000 |
| Market Maker portion | 288,000 shares Shreni Shares |
Marco Cables & Conductors IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 5,658.84 | 5,954.62 | 6,993.44 |
| Revenue | 4,282.91 | 5,665.31 | 5,693.72 |
| Profit | 12.25 | 33.49 | 280.71 |
| Net Worth | 911.25 | 944.75 | 1,560.86 |
| Reserves | 621.84 | 655.34 | 1,238.90 |
| Borrowing | 3,522.22 | 3,665.19 | 3,757.73 |