V-Marc India was incorporated on March 04, 2014. The company is engaged in manufacturing and marketing of wires and cables under the brand name “V-Marc".
| Bidding Dates |
|---|
| 25 Mar 2021 - 31 Mar 2021 |
| Subscription |
|---|
| 1.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,17,000 | 1 | 1 | 3000 | 6.0 M | ₹37 - ₹39 | 73.67 % | ₹222.0 M - ₹234.0 M | RHP DOC |
V-Marc IPO SUBSCRIPTION STATUS
31 Mar '21V-Marc IPO overall subscription rate was 1.62 times the total available shares
V-Marc IPO retail subscription rate was 1.8 times in the retail segment
V-Marc IPO non-institutional investor subscription rate was 1.44 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Mar 2021 (Day 3) | 0.24x | 1.08x | - |
30 Mar 2021 (Day 4) | 0.63x | 1.22x | - |
31 Mar 2021 (Day 5) | 1.8x | 1.44x | - |
25 Mar 2021 (Day 1) | 0.05x | 1x | - |
26 Mar 2021 (Day 2) | 0.24x | 1.08x | - |
V-Marc 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) |
| 9MFY21 | 40.2 | 1,303.6 | 4.9 | -9.6 |
| FY20 | 46.5 | 1,712.5 | 92.8 | 12.5 |
| FY19 | 48.9 | 2,049.5 | 76.2 | 19.5 |
| FY18 | 22.4 | 1,435.1 | 48.1 | 37.9 |
V-Marc IPO SUBSCRIPTION STATUS DETAILS
V-Marc had 6.0 M shares on offer
V-Marc IPO offer price was in the range ₹37 - ₹39
V-Marc IPO minimum Investment was ₹117000
V-Marc IPO issue size was ₹ 222.0 M - ₹ 234.0 M
V-Marc had a minimum lot size of 3000 Shares per application
V-Marc NUMBER OF SHARES ON OFFER
V-Marc IPO IMPORTANT DATES
| Issue Open Date | 25 Mar 2021 |
| Issue close Date | 31 Mar 2021 |
| Allotment Date | 06 Apr 2021 |
| Refund Date | 07 Apr 2021 |
| Demat Account Credit Date | 08 Apr 2021 |
| Listing Date | 09 Apr 2021 |
| Listing on Exchange(s) | NSE |
| V-Marc Allotment Status | Exchange |
V-Marc IPO subscription opened on 25 Mar 2021, and closed on 31 Mar 2021
IPO allotment for V-Marc was finalized on Tuesday, 06 Apr 2021
IPO listing for V-Marc was on NSE on Friday, 09 Apr 2021
V-Marc IPO LISTING GAINS
| Issue Price (adjusted) | 39.0 |
| Listing Open Price | 46.5 |
| Listing Close Price | 47.1 |
| Listing Gain% | 19.2% |
| Current Gain% | 847.6% |
V-Marc 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| V-Marc India Ltd. | 369.6 | 842 | 54.1 | 0.5 | 34.6 | 9.8 | 1800.5 | 100.1 | 6.8 | ||||
| Polycab India Ltd. | 9275 | 139752.5 | 48.8 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5659.8 | 54108 | 54.3 | 1.6 | 4.4 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2756.9 | 31182.1 | 51.3 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1058 | 16181.7 | 22.7 | 12.3 | 2.6 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 46.7 | 1.8 |
| Universal Cables Ltd. | 1693.4 | 5875.3 | 29.3 | 0.4 | 1.7 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
V-Marc IPO Reports
V-Marc INFORMATION ON IPO ISSUE
About V-Marc
V-Marc India was incorporated on March 04, 2014. The company is engaged in manufacturing and marketing of wires and cables under the brand name “V-Marc".
Object of the Issue
- To finance capital expenditure to establish proposed manufacturing facility
- To meet company's working capital requirements
- General corporate purposes
V-Marc - PROMOTERS
| Name |
|---|
| Vikas Garg |
| Meenakshi Garg |
V-Marc Lead Manager to the issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
V-Marc Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
V-Marc Strengths
Wide product portfolio
The company has gradually diversified, expanded and evolved operations to an installed capacity of 71,100 km p.a.
Diversified and marquee customer base
The company sells its products through a diversified sales & distribution mix, majorly by securing government tenders for supply to government projects, supply to EPC contractors for turnkey projects, and dealer and distribution network spread over 12 states and direct sales to few private companies
Experienced team
The company has an experienced management team with significant expertise in the wires and cables industry
V-Marc Risks
Volatility in the supply and pricing
Volatility in the supply and pricing of raw materials may have an adverse effect on business, financial condition and results of operations
Labour intensive
The industry in which the company operates is labour intensive and manufacturing operations may be materially adversely affected by strikes, work stoppages or increased wage demands
IPO FAQs
The promoters of the company are Vikas Garg and Meenakshi Garg.
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 37.0 - 39.0.
The IPO application opens on Mar 25, 2021 and closes on Mar 31, 2021.
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. 117,000.0, the maximum value for this IPO is Rs 117,000.0.
This IPO will be allotted on Apr 06, 2021.
The refund will be credited to your account on Apr 07, 2021.
The allotted shares will be credited to your demat on Apr 08, 2021.
V-Marc India Ltd.’s shares listed on the stock exchanges on Apr 09, 2021.