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SME IPO Status: Listed [21st Sep 2023 to 25th Sep 2023]
Marco Cables & Conductors is bringing its SME IPO at NSE Emerge. The total size of this SME IPO is 18.73 Cr including both Fresh issue of 9.36 Cr and OFS of 9.36 Cr. You can apply in this SME IPO from 21 Sept to 25 Sept 2023. The face value of each share is Rs 10. To apply in this SME IPO application you have to buy at least one lot size of minimum 3000 shares or its multiples at the fixed price of Rs 36 per share.
Keep visiting our website to get the latest details of Marco Cables & Conductors IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 21st Sep 2023 |
| SME IPO Issue Closing Date: | 25th Sep 2023 |
| SME IPO Issue Price: | ₹36.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹18.73 Cr |
| Offer for Sale: | ₹9.36 Cr |
| Fresh Issue: | ₹9.36 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 72.18% |
| Allotment Status: | Allotment Status |
| NSE Code: | MARCO |
Get important updates regarding Marco Cables &Conductors SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Sep 2023 |
| Refunds Initiation* | 29th Sep 2023 |
| Credit of Shares to Demat* | 3rd Oct 2023 |
| SME IPO Listing Date* | 28th Sep 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹36.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 28-09-2023 | 36.00 | 6 | 13700 | ₹42 (16.67%) | 28-Sep-2023 10:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Marco Cables & Conductors Limited was established on April 13, 1989 and is engaged in the manufacture and sale of wires, cables and conductors in India. The company has been in the Indian power cable industry for over 34 years. The company started its operations by manufacturing wires (with aluminium/copper conductors), XLPE/PVC cables and aerial bundle cables. Later, AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) conductors were also added to the product range, making the company well-known in the industry.
Over the past 3 decades, the company has manufactured XLPE, PVC and aerial cables. Recently, ACSR (Aluminium Conductor Steel Reinforced), AAAC (All Aluminium Alloy Conductor) and ABC – (Aerial Bunched Cable) were introduced for power distribution and transmission.
The company distributes its products through a diversified sales and distribution network, which mainly consists of 1) government tenders for supply to government projects, 2) supply to EPC companies for turnkey projects, and 3) direct sales to some private companies. Over the years, the company has continuously invested in its manufacturing infrastructure to meet the needs of its product portfolio and reach. The company's capabilities include a rigorous quality assurance system, in-depth production planning experience, and established marketing and sales relationships. The company is committed to delivering customised products and providing high-quality services.
| Incorporation | Sector | IPO Issue Size | Website |
| 1989 | Steel Industry | ₹18.73 Cr | https://www.marcocables.com/index |
The company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,457,000 (50%) | 2,457,000 (50%) | 4,914,000 | |
| 1 | 21st Sep 2023 19:31 | 1.08x | 1.60x | 1.34x |
| 2 | 22nd Sep 2023 19:31 | 1.82x | 5.13x | 3.48x |
| 3 | 25th Sep 2023 19:31 | 24.36x | 35.24x | 30.90x |
| 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 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Marco Cables & Conductors Limited | 1.78 | 1.78 | 9.89 | 20.22 | 17.98 | |
| V-Marc India Limited | 4.58 | 34.97 | 21.92 | 13.11 | ||
| Ultracab (India) Limited | 0.61 | 3.35 | 25.92 | 18.19 | ||
| Relicab Cable Manufacturing Limited | 1.49 | 10.88 | 53.02 | 13.7 | ||
| Dynamic Cables Limited | 14.09 | 80.6 | 41.64 | 17.48 |
Last Updated on 02-Oct-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Marco Cables &Conductors SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Marco Cables &Conductors SME IPO with Zerodha.
Alternate approch to apply in Marco Cables &Conductors SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Marco Cables &Conductors SME IPO Review and Important Updates
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To subscribe or apply in Marco Cables &Conductors SME IPO, you can use the following methods:
| Marco Cables &Conductors SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Marco Cables &Conductors SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Marco Cables &Conductors SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Marco Cables &Conductors SME IPO. Most of the Syndicate Banks provide access to apply in Marco Cables &Conductors IPO via ASBA process. You must have your net banking access, DP ID information to apply in Marco Cables &Conductors SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Marco Cables &Conductors SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Marco Cables &Conductors SME IPO Review and Important Updates
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Marco Cables &Conductors SME IPO is going to be list on 28-09-2023. NSE Code for Marco Cables &Conductors is MARCO.
Other relevant questions:
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Marco Cables &Conductors SME IPO Allotment Date is 28-09-2023.
Other relevant questions:
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