IPO Details

Bidding Dates

20 Sep '23 - 24 Sep '23

Minimum Investment

₹108,000 / 1 Lots ( 3000 Shares )

Price Range

₹36

Maximum Investment

₹108,000 / 1 Lots ( 3000 Shares )

Retail Discount

Not Applicable

Issue Size

₹18.73 Cr

Investor category and sub category

Qualified Institutional Buyers   |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 20, 2023

IPO Closing Date

Sep 24, 2023

Basis of Allotment

Sep 27, 2023

Initiation of Refunds

Sep 28, 2023

Credit of Shares to Demat

Oct 2, 2023

IPO Listing Date

Oct 3, 2023

UPI mandate confirmation

Sep 24, 2023

About Marco Cables and Conductors Ltd

Marco Cables and Conductors was incorporated on April 13, 1989. It is engaged in the business of manufacturing and selling wires, cables wires and conductors in India. They started by manufacturing wires, XLPE/PVC cables, etc. Subsequently, they included AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors for power lines. For the last 3 decades, it has been involved in the manufacturing of XLPE, PVC & Aerial Bunched Cables.

The majority of their products are supplied to electricity boards of different states like Maharashtra, Gujarat, Tamil Nadu, Telangana, Haryana, Chhattisgarh, Madhya Pradesh, etc. and turnkey contractors. They sell their products through a diversified set of distribution channels:

  1. Securing government tenders.
  2. Supply to EPC contractors for turnkey projects. 
  3. Direct sales to a few private companies. 

The market for electrical wires is growing by a whopping CAGR of 15%, with rapid developments in the power and infrastructure sector. Therefore, Marco Cables and Conductors can benefit from this growing market.

Marco Cables and Conductors Ltd IPO Details

Marco Cables and Conductors Ltd IPO Date

Marco Cables and Conductors IPO is open from September 21, 2023 to September 25, 2023.

Marco Cables and Conductors Ltd IPO Price Band

Marco Cables and Conductors is a fixed-price IPO, with the price set at ₹36 per share.

Marco Cables and Conductors Ltd IPO Lot Size

The Marco Cables and Conductors Ltd IPO lot size is 3,000 shares per lot.

Marco Cables and Conductors Ltd IPO Objectives 

The net proceeds of the fresh issue are proposed to be utilised in the following manner:

  1. Funding of capital expenditure requirements of our Company towards the purchase of a solar power system and 1+12 Rigid Stranding Machine.
  2. Funding Incremental Working Capital Requirements.
  3. General corporate purposes.

Peer Details

The companies considered by Marco Cables and Conductors as its listed peers include:

  1. V-Marc India Limited
  2. Ultracab (India) Limited
  3. Relicab Cable Manufacturing Limited
  4. Dynamic Cables Limited

How to Check the Allotment Status of the Marco Cables and Conductors Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Marco Cables and Conductors Ltd 

Registered office: Shop No 100, Opposite Bhai Gangaram Market, Main Road, Ulhasnagar, Thane- 421005, Maharashtra, India

Phone: 0251 2530332

E-mail: investors@hmtcable.com

Marco Cables and Conductors Company Financials

Financial year Year Ending on March 31, 2023(₹ in Cr.) Year Ending on March 31, 2022(₹ in Cr.) Year Ending on March 31, 2021(₹ in Cr.)
Total Income 56.94 56.65 42.83
Profit for the Year 2.81 0.33 0.12
Current Ratio (x) 1.52 1.44 1.43
Return on Capital Employed 16.93% 12.41% 11.52%
Working Capital Cycle (days) 280 238 284

Know before investing

Strengths

3
  1. Marco Cables and Conductors is an experienced player and has the necessary bid qualification requirements (BQR) of the electricity boards.

  2. Since their customers often prefer to have tailor-made products as per their particular requirements, their manufacturing team has developed the capability over time to provide customised products and solutions.

  3. The company is planning to expand its geographical reach in India and develop in-house technology development capabilities for better operational efficiency.

Risks

3
  1. The prices of their raw materials have external influences and are thus volatile. For example, the price of copper and aluminium are linked to the prices on the London Metal Exchange (“LME”), while the price of PVC compounds is linked to crude oil prices.

  2. Their business depends on their relationships with their customers, with whom they do not have any long-term arrangements. Further, they have to source government contracts through a bidding process. This process does not guarantee a steady inflow of contracts despite performing well.

  3. Their top 10 customers contributed approximately 96.78%, 94.84% and 94.22% of the revenue in financial years 2023, 2022 and 2021, respectively. This is an excessive concentration of revenue, and the loss of a customer can have a severe impact on the revenue.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Marco Cables and Conductors IPO FAQs

What is Marco Cables and Conductors Ltd's IPO?

Marco Cables and Conductors IPO has both fresh issue and OFS components. It is a fixed price issue priced at ₹36 per share.

 

When will Marco Cables and Conductors Ltd's IPO be allotted?

The allotment date is Thursday, September 28, 2023.

When will Marco Cables and Conductors Ltd's IPO open for subscription?

The IPO subscription window is September 21, 2023 to September 25, 2023.

What minimum lot size can retail investors subscribe to?

The minimum lot size is 3,000 shares per lot.

 

When will Marco Cables and Conductors Ltd list on exchanges?

Marco Cables and Conductors Ltd IPO will be listed on the NSE SME on Wednesday, October 4, 2023.

How do I check the allotment status of the Marco Cables and Conductors Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

 

What would be the listing gains on the Marco Cables and Conductors Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on Wednesday, October 4, 2023 on the stock exchange.

I have finished the application process for the Marco Cables and Conductors Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Marco Cables and Conductors Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.