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IPO

IPO Details


Marco Cables & Conductors Ltd
Registered Office: # 100 Opp.Bhai Gangaram Market, Main Road Ulhasnagar, Thane - 421005, Maharashtra
Phone: 0251 2530332
Email: investors@hmtcable.com
Website: www.marcocables.com
Initial public offering of 52,02,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Marco Cables & Conductors Limited (Marco or The Company or The Issuer) for cash at a price of Rs. 36 per equity share (including a premium of Rs. 26 per equity share) (Offer Price) aggregating to Rs. 18.73 crores comprising of fresh offer of 26,01,000 equity shares aggregating to Rs. 9.36 crores (Fresh Offer) and an offer for sale of 26,01,000 equity shares by Sumit Sugnomal Kukreja (Selling Shareholder) aggregating to Rs. 9.37 crores (Offer for Sale) (The Offer) of which 2,88,000 equity shares ggregating to Rs. 1.04 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 49,14,000 equity shares of face value of Rs. 10/- each at an offer price of Rs. 36 per equity share aggregating to Rs. 17.69 crores (Net Offer). The offer and the net offer will constitute 27.82% and 26.28% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is 3.6 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
21-Sep-2023 25-Sep-2023 ₹ 36.00 ₹ 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(₹)Cr. Lead Managers to the Issue
Project Cost 8.56 Shreni Shares Ltd
Project Financed through Current Offer 18.73
Post Issue Equity Share Capital 18.70
Issue Price ₹36.00
Projects
Funding of capital expenditure requirements of the company towards purchase (i) Solar Power Ayatems & (ii) 1+12 Rigid Stranding Machine
Funding incremental working capital requirements
General corporate purposes
Promoted By
Sumit Sugnomal Kukreja
Sugnomal Mangandas Kukreja
Komal Sumit Kukreja
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

83,256.26 71.46 (0.09%)

Nifty

25,492.10 76.30 (0.30%)

GLOBAL INDICES

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NASDAQ

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