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Marco Cables and Conductors Limited IPO Date, Price, Review and Details

 

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Marco Cables and Conductors Limited IPO

September 21, 2023 - September 25, 2023 Closed
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Marco Cables and Conductors Limited IPO

Marco Cables and Conductors Limited IPO was engaged based in India with more than 34 years of experience in the power cable industry. Their core business involves manufacturing and selling wires, cables, and conductors within the country. Their products reach customers through a varied sales and distribution strategy, mainly involving: 1) winning government contracts for supplying government projects, 2) providing materials to EPC contractors for complete projects, and 3) selling directly to a select group of private companies. Their achievements can be attributed to the consistent efforts They've invested over the years in critical areas of their business.

Company Promoters:

·  Mr. Sumit Sugnomal Kukreja
·  Mr. Sugnomal Mangandas Kukreja
·  Ms. Komal Sumit Kukreja

Objects of this Issue:

· They need funds for our company's capital expenses, which include buying a (i) Solar Power System and (ii) 1 + 12 Rigid Stranding Machine
· Funding Incremental Working Capital Requirements
· General corporate purposes.

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

6,993.44

5,954.62

5,658.84

Total Liabilities

5,754.54

5,299.28

5,037

Net Profit

280.71

33.49

12.25

Marco Cables and Conductors Limited IPO Schedule

1.     Bid or Offer Opens on: 21 September 2023
2.     Bid or Offer Closes on: 25 September 2023
3.     Finalization of BoA: 28 September 2023
4.     Initiation of Refunds:29 September 2023
5.     Credit of shares to Demat account: 03 October 2023
6.     Listing Date: 04 October 2023

Marco Cables and Conductors Limited IPO Lot Size

The market lot size of Marco Cables and Conductors Limited IPO is 6000 shares. The minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  3000

₹108,000

Maximum

1

  3000

₹108,000

S-HNI(Minimum)

2

  6000

₹216,000


Company Contact Details:

Shop No 100, Opposite Bhai

Gangaram Market, Main Road,

Ulhasnagar, Thane- 421005,

Maharashtra, India

Phone: 0251 2530332

Email: investors@hmtcable.com

Website: www.marcocables.com

 

Marco Cables and Conductors Limited IPO Registrar Details:

BIGSHARE SERVICES PRIVATE LIMITED

Office No. S6-2, 6th Floor, Pinnacle Business Park,

Next to Ahura Centre, Mahakali Caves Road, Andheri East,

Mumbai – 400 093, Maharashtra, India

Telephone: 022 - 6263 8200

Email: ipo@bigshareonline.com

Website:  www.bigshareonline.com

 

Frequently Asked Question

Marco Cables and Conductors Limited IPO shares will get listed on October 04, 2023.
Minimum and maximum order quantity is 1 lot only.
Marco cables private limited share price ₹36 per share.
The meaning of " marco cables and conductors ipo gmp" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Marco Cables and Conductors Limited IPO on the current day.
Lot size of the Marco Cables and Conductors Limited IPO is 3000 shares.
Marco Cables and Conductors Limited IPO Shares will get listed at NSE SME.
No, not all IPOs are successful. Some stocks may soar after going public, while others may struggle. It depends on various factors such as market conditions, the company's performance, and industry trends.
If you do not get the allotment of marco cables pvt ltd, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Post-issue shareholding of the Marco Cables and Conductors Limited IPO services promoter is 72.18%.
Opening date of Marco Cables and Conductors Limited IPO is September 21, 2023.
Generally, yes. Once the stock is publicly traded, anyone with a brokerage account can buy shares. However, during the IPO process, some shares may be reserved for institutional investors or certain clients of the underwriting banks.
The face value of Marco Cables and Conductors Limited IPO is ₹10 per share.
You will receive Marco Cables and Conductors Limited IPO shares in your Demat account on September 28, 2023, if allotted.
Closing date of Marco Cables and Conductors Limited IPO is September 25, 2023.
Pre-issue shareholding of the Marco Cables and Conductors Limited IPO promoter is 100.00%.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
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