Marco Cables & Conductors Limited IPO (Marco Cables & Conductors IPO)

Marco Cables & Conductors Limited IPO
Upcoming Marco Cables & Conductors IPO | New Marco Cables & Conductors IPO

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

Marco Cables & Conductors IPO – Details

IPO Opening Date21 September 2023
IPO Closing Date25 September 2023
Issue TypeFixed Price Issue IPO
Issue Size52,02,000 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 Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
Other Shares Offered50%
Retail Shares Offered50%

Marco Cables & Conductors IPO – Date Schedule

IPO Open Date21 September 2023
IPO Close Date25 September 2023
Basis of Allotment26 September 2023
Initiation of Refund27 September 2023
Credit of Shares to Demat Account27 September 2023
IPO Listing Date28 September 2023
Cut-off time for UPI mandate confirmation5 PM on Sep 25, 2023

Marco Cables & Conductors IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,08,000
Retail (Maximum)130001,08,000
HNI (Minimum)260002,16,000

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.
Marco Cables & Conductors IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202142.8342.710.1235.22
31 March 202256.6556.180.3336.65
31 March 202356.9453.812.8137.58
Amount in ₹ Crore

Key Performance Indicator

P/E (x)20.22
Market Cap (₹ Cr.)67.32
EPS (Rs)1.78

Marco Cables & Conductors IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.18%

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

Marco Cables & Conductors IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Marco Cables & Conductors IPO Lead Manager(s)

1. Shreni Shares Private Limited

Marco Cables & Conductors IPO FAQs

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.
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