Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling of wires, cables wires and conductors in India, with an operating history of over 34 years in power cable industry in India.
The company commenced its operations with manufacturing of wires (with aluminium / copper conductor), XLPE /PVC cables, Aerial
Bunched Cables, subsequently we included AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors and had made their presence in the industry.
The company has been manufacturing XLPE, PVC & Aerial Bunched Cables for last 3 decades. Recently, the company has started ACSR – Aluminium Conductor Steel Reinforced, AAAC – All Aluminium Alloy Conductor, ABC – (Aerial Bunched Cable) for distribution & transmission power lines.
The company’s product list includes:
- LT Aerial Bunched Cables: It is used for overhead Power Distribution. It provides high safety and reliability, lower power losses, and ultimate system economy by reducing installation, maintenance, and operating costs, best for installation in difficult terrains such as hilly areas forest areas, coastal areas, etc.
- AAAC Conductor: Made from aluminum-magnesium-silicon alloy of high electrical conductivity containing Magnesium (0.6-0.9%) and silicon (0.5-0.9%) to give it better mechanical properties after treatment.
- LT XLPE Cables: These are manufactured with CU/AI Conductor with XLPE Insulation, Laid up, Inner Taped/Extruded. The armoring is of galvanized mild steel wires/strips. The final outer sheath with high-grade PVC. All are as per relevant IS specifications.
- ACSR Conductors: ACSR conductor consists of a solid or stranded steel core surrounded by strands of aluminum (E.C. GRADE). ACSR Conductor is available in a wide range of steel, containing carbon from 0.5% to 0.85 %. ACSR Conductor has high Tensile Strength making it useful for for river crossings, overhead ground wires, installations involving extra long spans, etc.
Majority of company’s products is supplied to electricity boards of different states like Maharashtra, Gujarat, Tamil Nadu, Telangana, Haryana, Chhattisgarh, Madhya Pradesh etc.
Marco Cables & Conductors’ manufacturing unit is located at Nasik, Maharashtra, with a combined installed production capacity of 18,000 Kms p.a. as of August 07, 2023.
Marco Cables & Conductors IPO – Details
| IPO Opening Date | 21 September 2023 |
| IPO Closing Date | 25 September 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 52,02,000 Shares Worth ₹18.73 Crore Fresh Issue: 26,01,000 Shares Worth ₹9.36 Crore Offer For Sale: 26,01,000 Shares Worth ₹9.36 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Marco Cables & Conductors IPO – Date Schedule
| IPO Open Date | 21 September 2023 |
| IPO Close Date | 25 September 2023 |
| Basis of Allotment | 26 September 2023 |
| Initiation of Refund | 27 September 2023 |
| Credit of Shares to Demat Account | 27 September 2023 |
| IPO Listing Date | 28 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 25, 2023 |
Marco Cables & Conductors IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,08,000 |
| Retail (Maximum) | 1 | 3000 | 1,08,000 |
| HNI (Minimum) | 2 | 6000 | 2,16,000 |
Competitive Strengths
- Qualifying in BQR of Government tenders;
- Assured Quality and High Standard Service;
- Strong Customer Base;
- Leveraging the experience of company’s Promoters and Directors;
- Customized Product Development;
- Strong Financial Management; and
- Strong Marketing Practices.
Company Promoters
- Mr. Sumit Sugnomal Kukreja
- Mr. Sugnomal Mangandas Kukreja
- Ms. Komal Sumit Kukreja
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; and
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 42.83 | 42.71 | 0.12 | 35.22 |
| 31 March 2022 | 56.65 | 56.18 | 0.33 | 36.65 |
| 31 March 2023 | 56.94 | 53.81 | 2.81 | 37.58 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 20.22 |
| Market Cap (₹ Cr.) | 67.32 |
| ROE | 22.41 |
| ROCE | 16.93 |
| Debt/Equity | 2.41 |
| EPS (Rs) | 1.78 |
| RoNW | 17.98 |
Marco Cables & Conductors IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.18% |
Marco Cables & Conductors IPO Prospectus
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 |
Marco Cables & Conductors IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Marco Cables & Conductors IPO Lead Manager(s)
| 1. Shreni Shares Private Limited |
Marco Cables & Conductors IPO FAQs
| What is Marco Cables & Conductors IPO? Marco Cables & Conductors IPO is a SME IPO. The issue is priced at ₹36 per equity share. The IPO is to be listed on NSE SME. |
| When Marco Cables & Conductors IPO will open? The IPO is to open on 21 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Marco Cables & Conductors IPO? You can apply Marco Cables & Conductors IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Marco Cables & Conductors IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Marco Cables & Conductors”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Marco Cables & Conductors IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Marco Cables & Conductors”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Marco Cables & Conductors IPO Size? Marco Cables & Conductors IPO size is ₹18.73 crores. |
| What is Marco Cables & Conductors IPO Price Band? Marco Cables & Conductors IPO Price Band is ₹36. |
| What is Marco Cables & Conductors IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,08,000 amount while the maximum bid is 3000 shares with ₹1,08,000 . |
| What is the Marco Cables & Conductors IPO Allotment Date? Marco Cables & Conductors IPO allotment date is 26 September 2023. |
| What is the Marco Cables & Conductors IPO Listing Date? Marco Cables & Conductors IPO listing date is 28 September 2023. The IPO is to list on NSE SME. |
