Marco Cables & Conductors, founded on April 13, 1989, has over 34 years of experience in India's power cable industry. The company specialises in the manufacturing and sale of wires, cables, and conductors within the country.
| Bidding Dates |
|---|
| 21 Sep 2023 - 25 Sep 2023 |
| Subscription |
|---|
| 28.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 3000 | 5.2 M | ₹36 | 72.18 % | ₹187.3 M | RHP DOC |
Marco Cables & Conductors IPO SUBSCRIPTION STATUS
25 Sep '23Marco Cables & Conductors IPO overall subscription rate was 28.2 times the total available shares
Marco Cables & Conductors IPO retail subscription rate was 33.29 times in the retail segment
Marco Cables & Conductors IPO non-institutional investor subscription rate was 23.12 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 Sep 2023 (Day 3) | 33.29x | 23.12x | - |
22 Sep 2023 (Day 2) | 4.76x | 1.83x | - |
21 Sep 2023 (Day 1) | 1.46x | 1.01x | - |
Marco Cables & Conductors FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 28.1 | 567.7 | 3.7 | 9.0 | 16.8% |
| FY22 | 3.3 | 564.1 | 30.9 | 30.2 | 11.1% |
| FY21 | 1.2 | 423.9 | -50.7 | -50.8 | 13.4% |
Marco Cables & Conductors IPO SUBSCRIPTION STATUS DETAILS
Marco Cables & Conductors had 5.2 M shares on offer
Marco Cables & Conductors IPO offer price was ₹36
Marco Cables & Conductors IPO minimum Investment was ₹108000
Marco Cables & Conductors IPO issue size was ₹ 187.3 M
Marco Cables & Conductors had a minimum lot size of 3000 Shares per application
Marco Cables & Conductors NUMBER OF SHARES ON OFFER
Marco Cables & Conductors IPO IMPORTANT DATES
| Issue Open Date | 21 Sep 2023 |
| Issue close Date | 25 Sep 2023 |
| Allotment Date | 27 Sep 2023 |
| Refund Date | 27 Sep 2023 |
| Demat Account Credit Date | 28 Sep 2023 |
| Listing Date | 28 Sep 2023 |
| Listing on Exchange(s) | NSE |
| Marco Cables & Conductors Allotment Status | Exchange |
Marco Cables & Conductors IPO subscription opened on 21 Sep 2023, and closed on 25 Sep 2023
IPO allotment for Marco Cables & Conductors was finalized on Wednesday, 27 Sep 2023
IPO listing for Marco Cables & Conductors was on NSE on Thursday, 28 Sep 2023
Marco Cables & Conductors IPO LISTING GAINS
| Issue Price (adjusted) | 36.0 |
| Listing Open Price | 38.7 |
| Listing Close Price | 40.6 |
| Listing Gain% | 7.5% |
| Current Gain% | -6.9% |
Marco Cables & Conductors Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marco Cables & Conductors Ltd. | 33.5 | 62.6 | 14.9 | -0.8 | 0.6 | 11.5 | 3.9 | 103.1 | -7.7 | 4.2 | -19.1 | 2.2 | -19.1 |
| Polycab India Ltd. | 9218 | 138893.7 | 48.5 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5600 | 53536.3 | 53.7 | 1.6 | 4.3 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2759.5 | 31211.5 | 51.4 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1024.6 | 15670.9 | 22 | 11.9 | 2.5 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 46.7 | 1.8 |
| Universal Cables Ltd. | 1411.2 | 4896.2 | 24.4 | 0.3 | 1.5 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
Marco Cables & Conductors INFORMATION ON IPO ISSUE
About Marco Cables & Conductors
Marco Cables & Conductors, founded on April 13, 1989, has over 34 years of experience in India's power cable industry. The company specialises in the manufacturing and sale of wires, cables, and conductors within the country.
Object of the Issue
- Funding of capital expenditure requirements of the company towards the purchase of solar power system and 1+12 rigid stranding machine
- Funding incremental working capital requirements
- General corporate purposes
Marco Cables & Conductors - PROMOTERS
| Name |
|---|
| Sumit Sugnomal Kukreja |
| Sugnomal Mangandas Kukreja |
| Komal Sumit Kukreja |
Marco Cables & Conductors Lead Manager of the Issue
Sherni Shares Limited
shrenishares@gmail.com
Marco Cables & Conductors Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Marco Cables & Conductors Strengths
Meets BQR for government tenders
The company is eligible to bid for government projects, thanks to its more than 34 years of industry experience, strong track record, and performance. It meets the specific bid qualification requirements set by various electricity boards
Assured quality
The company holds various certifications, including ISO 14001:2015 for environmental management and ISO 9001:2015 for quality management. All its products are BIS-certified, complying with multiple Indian Standards such as IS 7098, IS 398, IS 1554, and IS 14255
Strong customer base
The company attributes much of its growth to long-standing relationships with major customers
Marco Cables & Conductors Risks
Legal proceedings
The company is involved in ongoing legal proceedings, and any negative outcomes could significantly impact the business
Dependent on few customers
The company relies heavily on its top 10 customers for a significant portion of its revenue and doesn't have long-term contracts with them, making the business vulnerable
High debt-equity ratio
The company's high debt-equity ratio demands considerable cash flow for debt servicing. Coupled with restrictive financing terms and interest rate fluctuations, this could hinder the company's operational freedom and business growth
IPO FAQs
This IPO consists of an offer for sale of up to Rs 9.4 crore, of 2,601,000 shares. It also consists of a fresh issue of Rs 9.4 crore.
The promoters of the company are Sumit Sugnomal Kukreja, Sugnomal Mangandas Kukreja and Komal Sumit Kukreja.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 36.0 - 36.0.
The IPO application opens on Sep 21, 2023 and closes on Sep 25, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Sep 27, 2023.
The refund will be credited to your account on Sep 27, 2023.
The allotted shares will be credited to your demat on Sep 28, 2023.
Marco Cables & Conductors Ltd.’s shares listed on the stock exchanges on Sep 28, 2023.