Marco Cables & Conductors Limited IPO : Key Dates

Marco Cables & Conductors Limited IPO is set to launch on 21 September, 2023. The company initiated its business operations in the year 1989. It is involved in manufacturing of wires, conductors and cable wires. Its product list includes LT PVC Cables, LT Aerial Bunched Cables, LT XLPE Cables, AAAC Conductors, ACSR Conductors etc. Its manufacturing facility is located in Maharashtra. The annual capacity of the company is 18000 Kilometres. 

Marco Cables & Conductors Limited IPO DETAILS

Marco Cables & Conductors Limited IPO is set to launch on 21 September, 2023. The subscription timeline extends till 25 September, 2023. The size for the IPO is 18.73 Crore Rs. Shares issued through fresh issue mode are worth 9.36 Crore Rs. Shares issued through offer for sale mode are worth Rs 9.36 Crore Rs. The lot size is 3000 shares and the price is 36 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Marco Cables & Conductors Limited IPO 

Marco Cables & Conductors Limited IPO : IMPORTANT DATES

Marco Cables & Conductors Limited IPO begins for subscription from 21 September, 2023. The IPO subscription would continue till 25 September, 2023. The allotment status for the shareholders who applied would come on 28 September, 2023. The refunds for the ones who did not get allotment would be initiated on 29 September, 2023. The DEMAT accounts of shareholders would be credited on 3 October, 2023. The listing of the company would be completed on 4 October, 2023.

Marco Cables & Conductors Limited IPO : Lead Managers

The lead managers are :

• Shreni Shares Private Limited

The minimum lot size for the company is decided at 3000 shares. This holding accounts to 108000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 216000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.

COMPANY FINANCIALS

Marco Cables & Conductors Limited had an asset base of 5658 lakh rs in the year 2021. This increased marginally to 5954 Lakh Rs in the year 2022. However in the year 2023 the asset base increased by more than 1000 Lakh Rs. It was at 6993 Lakh Rs in the year 2023. The revenue of the firm was 4282 Lakh Rs in the year 2021. This increased by almost 1400 Lakh Rs to 5665 Lakh Rs in the year 2022. 

The company’s revenue then did not increase by the same ratio in the next year. It came at 5693 Lakh Rs in the year 2023 which is just marginally higher than the figures of the year 2022. The profit of the company was 12 Lakh rs in the year 2021. This increased to 33 Lakh Rs in the year 2022. In the next year the profit jumped to 280 Lakh Rs.

PROS

• Its product list includes LT PVC Cables, LT Aerial Bunched Cables, LT XLPE Cables, AAAC Conductors, ACSR Conductors etc. 
• Its manufacturing facility is located in Maharashtra. The annual capacity of the company is 18000 Kilometres.

CONS

• The company works in a highly competitive segment.

Marco Cables & Conductors Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Marco Cables & Conductors Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.