Marco Cables & Conductors Limited
IPO Details
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Lot Distribution
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Company Fin.
₹3(8.33%)
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Marco Cables & Conductors Limited's achieved publicly listed status following its IPO debut on Sep 28, 2023 at the NSE platform. The offering successfully mobilized 52,02,000 Shares, with 26,01,000 Shares allocated to corporate growth initiatives and ₹9.36 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹36 to ₹36, starting from minimum lots of 3000 shares. The subscription window from Sep 21, 2023 through Sep 25, 2023 enabled investor participation across market segments.
Share allocation was completed on Sep 26, 2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1989, Marco Cables & Conductors Limited manufactures and sells electrical wires, cables, and conductors in India. Its product range includes LT Aerial Bunched Cables, LT PVC Cables, AAAC Conductors, LT XLPE Cables, and ACSR Conductors used for power distribution, especially across tough terrain and long spans. The company’s manufacturing unit is located in Nashik, Maharashtra, with an installed capacity of 18,000 km per year. It reported revenues of ₹5,676.79 lakhs in FY23, ₹5,641.00 lakhs in FY22, and ₹4,239.18 lakhs in FY21.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Sumit Sugnomal Kukreja
- Mr. Sugnomal Mangandas Kukreja
- Ms. Komal Sumit Kukreja
Marco Cables & Conductors Limited
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