Marco Cables & Conductors IPO Details: Marco Cables & Conductors is set to launch its initial public offering (IPO) on September 21, 2023. The IPO will close on September 25, 2023. The company is looking to raise ₹18.73 crores through the IPO. The investors’ portion for QIB/NII is 50%, Retail is 50%. The market lot is 3000 shares.
What is Marco Cables & Conductors IPO?
Marco Cables & Conductors IPO is a SME IPO of 5,202,000 equity shares of the face value of ₹10 aggregating up to ₹18.73 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3,000 shares.
The IPO opened for subscription on September 21, 2023 and closed on September 25, 2023. The allotment is expected to be finalized on Thursday, September 28, 2023. The IPO will list on NSE SME with tentative listing date fixed as Wednesday, October 4, 2023.
Marco Cables & Conductors is a manufacturer of cables and conductors, which are used in a variety of industries, including electrical, industrial, and construction. The company’s products are used in a variety of applications, including power transmission, distribution, and control.
Objectives of Marco Cables & Conductors IPO
The IPO proceeds will be used for the following purposes:
- Funding the expansion of its manufacturing capacity
- Repayment of debt
- General corporate purposes
Marco Cables & Conductors IPO Date & Price Band Details
| IPO Open: | September 21, 2023 |
| IPO Close: | September 25, 2023 |
| IPO Size: | Approx ₹18.73 Crores, 5,202,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹36 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | – |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Marco Cables & Conductors IPO Market Lot
The Marco Cables & Conductors IPO minimum market lot is 3000 shares with a ₹108,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹108,000 |
| Retail Maximum | 1 | 3000 | ₹108,000 |
| S-HNI Minimum | 2 | 6000 | ₹216,000 |
Marco Cables & Conductors IPO Dates
The Marco Cables & Conductors IPO date is September 21 and the IPO close date is September 25. The IPO allotment date is September 28 and the IPO might list on October 4.
| IPO Open Date: | September 21, 2023 |
| IPO Close Date: | September 25, 2023 |
| Basis of Allotment: | September 28, 2023 |
| Refunds: | September 29, 2023 |
| Credit to Demat Account: | October 3, 2023 |
| IPO Listing Date: | October 4, 2023 |
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Marco Cables & Conductors IPO Subscription Status
For the latest update on the Marco Cables & Conductors IPO, you can check this dedicated page for IPO subscription status.
Marco Cables & Conductors IPO Allotment Status
For the latest update on the Marco Cables & Conductors IPO, you can check this dedicated page for IPO allotment status.
Marco Cables & Conductors IPO Forms
For IPO form for the Marco Cables & Conductors IPO, you can check this dedicated page for IPO Forms.
Marco Cables & Conductors Company Financials
Marco Cables & Conductors (MCC) is a small-cap company that manufactures cables and conductors. The company’s products are used in a variety of industries, including electrical, industrial, and construction. MCC’s IPO is scheduled to open on September 21, 2023 and close on September 25, 2023.
Revenue Analysis
MCC’s revenue has grown at a CAGR of 13.6% over the past three years. This growth has been driven by increasing demand for cables and conductors from the company’s customers. MCC’s customer base includes some of the leading companies in India, such as Larsen & Toubro, Siemens, and Bajaj Auto.
The company’s revenue is segmented into two categories: domestic and exports. The domestic segment accounts for the majority of MCC’s revenue, contributing around 80% in the financial year ended March 31, 2023. The export segment has been growing at a faster pace than the domestic segment in recent years.
Profitability Analysis
MCC’s profitability has been volatile in recent years. The company’s net profit margin has ranged from a high of 2.8% in the financial year ended March 31, 2023 to a low of 0.3% in the financial year ended March 31, 2021.
The company’s profitability is affected by a number of factors, including the cost of raw materials, the competitive landscape, and the overall economic environment. In the financial year ended March 31, 2023, MCC’s profitability was impacted by a rise in the cost of raw materials.
Balance Sheet Analysis
MCC’s balance sheet is healthy. The company has a low debt-to-equity ratio of 0.5. This means that the company is not highly leveraged and has a strong financial position.
MCC’s current assets exceed its current liabilities by a factor of 1.5. This means that the company has sufficient liquidity to meet its short-term obligations.
Cash Flow Analysis
MCC’s cash flow from operations (CFO) has been positive in recent years. The company’s CFO has grown at a CAGR of 15% over the past three years. This growth has been driven by increasing sales and profitability.
MCC’s free cash flow (FCF) has also been positive in recent years. The company’s FCF has grown at a CAGR of 20% over the past three years. This growth has been driven by increasing CFO and decreasing capital expenditures.
Investment Outlook
MCC is a small-cap company with a mixed financial performance. The company’s revenue has grown at a modest pace in recent years, but its profitability has been volatile. MCC’s balance sheet and cash flow are healthy.
The company’s investment outlook depends on a number of factors, including the overall economic environment, the cost of raw materials, and the competitive landscape. Investors should carefully consider these factors before making an investment decision.
Key Risks
- Economic slowdown: A slowdown in the Indian economy could lead to a decrease in demand for MCC’s products.
- Rise in raw material costs: MCC’s profitability could be impacted by a rise in the cost of raw materials.
- Competition: MCC faces competition from a number of other companies in the Indian cables and conductors industry.
Valuation
MCC’s IPO is priced at ₹36 per share. This price is based on a P/E ratio of 20.22. This is a relatively high P/E ratio for a small-cap company.
Investors should carefully consider MCC’s valuation before making an investment decision.
Conclusion
MCC is a small-cap company with a mixed financial performance. The company’s revenue has grown at a modest pace in recent years, but its profitability has been volatile. MCC’s balance sheet and cash flow are healthy.
The company’s investment outlook depends on a number of factors, including the overall economic environment, the cost of raw materials, and the competitive landscape. Investors should carefully consider these factors before making an investment decision.
Additional Analysis
In addition to the above analysis, here are some other key points to consider about MCC’s financial performance:
- Growth potential: MCC has the potential to grow its revenue and profitability in the coming years. The company is well-positioned to benefit from the increasing demand for cables and conductors from its customers.
- Management team: MCC has a experienced management team with a proven track record.
- Industry outlook: The Indian cables and conductors industry is expected to grow at a CAGR of 10% over the next five years.
Company Promoters
- Mr. Sumit Sugnomal Kukreja
- Mr. Sugnomal Mangandas Kukreja
- Ms. Komal Sumit Kukreja
Marco Cables & Conductors IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
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 FAQs
Marco Cables & Conductors is set to launch its initial public offering (IPO) on September 21, 2023. The IPO will close on September 25, 2023.
Marco Cables & Conductors IPO size is ₹18.73 crores.
Marco Cables & Conductors IPO Price Band is ₹36 per equity share.
The IPO bid is 3000 shares with ₹108,000.
Marco Cables & Conductors IPO allotment date is September 28, 2023.
Marco Cables & Conductors IPO listing date is October 04, 2023. The IPO to list on NSE SME.
To apply for the Mangalam Alloys IPO, you can follow these steps:
Open a demat account and trading account with a broker. If you already have a demat and trading account, you can skip this step.
Enable ASBA (Application Supported by Blocked Amount) in your demat account. ASBA is a facility that allows you to block the funds required for the IPO application in your bank account. This ensures that your funds are only used if your IPO application is successful.
Log in to your broker’s IPO platform and select the Mangalam Alloys IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Review your application and submit it.
Once you have submitted your application, your broker will block the required funds in your bank account. If your IPO application is successful, the shares will be credited to your demat account and the blocked funds will be released from your bank account. If your IPO application is unsuccessful, the blocked funds will be released from your bank account.
Here are some additional tips for applying for the Mangalam Alloys IPO:
Apply early. IPOs are often oversubscribed, so it is important to apply early to increase your chances of getting an allotment.
Apply for a higher number of shares. If you are willing to apply for a higher number of shares, you are more likely to get an allotment. However, keep in mind that you may not be allotted all of the shares you apply for.
Use a reliable broker. Choose a broker with a good track record and a reputation for efficient IPO processing.
Please note that the Mangalam Alloys IPO is a small-cap IPO, so it is important to invest carefully and do your own research before applying.
To apply for the Mangalam Alloys IPO through Zerodha, you can follow these steps:
Log in to your Zerodha Kite account.
Click on the Bids tab.
Click on the IPO button.
Select the Mangalam Alloys IPO from the list of open IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Make sure that you have sufficient funds in your trading account to cover the cost of your IPO application.
Click on the Submit button.
Your IPO application will be submitted to Zerodha and will be processed on a first-come-first-served basis. If your IPO application is successful, the shares will be credited to your demat account and the blocked funds will be released from your bank account. If your IPO application is unsuccessful, the blocked funds will be released from your bank account.
Here are some additional tips for applying for the Mangalam Alloys IPO through Zerodha:
Make sure that you have a valid demat account and trading account with Zerodha.
Enable ASBA in your demat account.
Apply early to increase your chances of getting an allotment.
Apply for a higher number of shares, but keep in mind that you may not be allotted all of the shares you apply for.
Please note that the Mangalam Alloys IPO is a small-cap IPO, so it is important to invest carefully and do your own research before applying.