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Open
21 Sep 2023
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Close
25 Sep 2023
3
Allotment
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Listing
Thu, Sep 28, 2023
Price Band
₹36 per share
Issue Size
52,02,000 shares (agg. up to ₹19 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Sep 28, 2023
Latest GMP
₹6
Est. Gain
16.67%
✦ AI Insight
GMP Trend
28-09-2023₹6Est. ₹42+16.67%
27-09-2023₹6Est. ₹42+16.67%
26-09-2023₹6Est. ₹42+16.67%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 29.17x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 69.93 | 59.55 | 56.59 |
| Total Income | 56.94 | 56.65 | 42.83 |
| Profit After Tax | 2.81 | 0.33 | 0.12 |
| NET Worth | 15.61 | 9.45 | 9.11 |
| Reserves and Surplus | 12.39 | 6.55 | 6.22 |
| Total Borrowing | 37.58 | 36.65 | 35.22 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| R R Kabel Ltd. | Mainboard | ₹1,964.01 Cr | ₹1035 | null | ₹1,198.05 | +15.75% | ₹2,403.90 (+5.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the Company towards purchase of: (i) Solar Power System and (ii) 1 + 12 Rigid Stranding Machine | 1.87 |
| 2 | Funding Incremental Working Capital Requirements | 5.00 |
| 3 | General Corporate Purposes | 1.70 |
| Total | 8.56 |
About Marco Cables IPO
Incorporated in 1989, Marco Cables & Conductors Limited is engaged in the business of manufacturing and selling wires, cable wires, and conductors in India. 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. LT PVC Cables. 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 %.
Contact Details
Marco Cables & Conductors Ltd. AddressShop No 100, Opposite Bhai Gangaram MarketMain RoadUlhasnagarThane, Maharashtra, 4210050251 2530332investors@hmtcable.comVisit Website