Marco Cables & Conductors IPO Date, Price, Details, Review, Listing Date

Marco Cables & Conductors IPO Details

Marco cables & conductors Limited IPO opens on Thursday, September 21, 2023, and closes on September 25, 2023. The IPO has a total issue size of ₹18.73 Cr, with Marco Cables & Conductors Limited offering shares at a price range of ₹36 per share. The IPO is scheduled to be listed on the NSE SME.

Marco Cables & Conductors SME IPO Date

Open – Thursday, September 21, 2023
Close – Monday, September 25, 2023
Basis of Allotment – Thursday, September 28, 2023
Refunds – Friday, September 29, 2023
A credit of Shares to Demat AC – Tuesday, October 3, 2023
Listing Date – Wednesday, October 4, 2023

Marco Cables & Conductors SME IPO Price

Face Value – ₹10 per share
Price – ₹36 per share
Lot Size – 3000 Shares
Total Issue Size – 5,202,000 shares
(aggregating up to ₹18.73 Cr)
Fresh Issue – 2,601,000 shares
(aggregating up to ₹9.36 Cr)
Issue Type – Fixed Price Issue IPO
Listing At – NSE SME
Shareholding pre-issue – 16,098,000
Shareholding post issue – 18,699,000

Marco Cables & Conductors IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹108,000
Retail (Max)	1	3000	₹108,000
HNI (Min)	2	6000	₹216,000

Marco cables & conductors limited IPO Reservation

Shares offered to Anchor Investors: –
Shares offered to Market Makers: 288,000 (5.54%)
Shares offered to Other Investors: 2,457,000 (47.23%)
Shares offered to Retail Investors: 2,457,000 (47.23%)
Total shares available in the offering: 5,202,000 (100%)

Marco Cables & Conductors IPO Promoter Holding

Mr. Sumit Sugnomal Kukreja, Mr. Sugnomal Mangandas Kukreja, and Ms. Komal Sumit Kukreja are the company’s promoters.

Pre Issue Share Holding	100.00%
Post Issue Share Holding	72.08%

Marco cables & conductors Limited IPO Financial Report

Amount in ₹ Lakhs

Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,658.84	5,954.62	6,993.44
Revenue	4,282.91	5,665.31	5,693.72
Profit After Tax	12.25	33.49	280.71
Net Worth	911.25	944.75	1,560.86
Reserves and Surplus	621.84	655.34	1,238.90
Total Borrowing	3,522.22	3,665.19	3,757.73

Marco Cables & conductors Limited IPO Reason of issue

The company plans to use the net proceeds from the issue for the following purposes:

Allocation of funds for the following purposes:

Meeting the company’s capital expenditure needs, including the acquisition of a Solar Power System and a 1+12 Rigid Stranding Machine.
Providing additional funding to support increased working capital requirements.
We are utilizing funds for general corporate purposes.

Marco Cables & Conductors Limited Company Contact Information

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