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IPO Note | Closed

Marco Cables & Conductors Ltd

Minimum Investment

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

21-Sep-23
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Close Date

25-Sep-23
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Application Timing

IPO Details

  • Min Order Quantity
    3000
  • Price Range
    36-0
  • Issue Size
    18.73
  • Face Value
    10
  • Listing at
    NSE - SME
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

Shreni Shares Ltd

About Company

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    Parent Organization
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    Founded
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    Managing Director
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    Website
    www.marcocables.com
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    Registered Office
    # 100 Opp.Bhai Gangaram Market,Main Road Ulhasnagar,
    Thane,421005,Maharashtra

IPO Schedule

Offer Start

21-Sep-23

Offer End

25-Sep-23

Allotment Finalization

Refund initiation

Demat transfer

Listing

Key Objective

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.

Financial Snapshot ()

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
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How to apply for IPOs with Arihant Capital

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Step 1

Go to IPO Online page

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Step 2

Login using your “client code” or PAN and mobile number by verifying OTP.

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Step 3

Click on “Apply IPO” to enter your bid quantity and UPI id.

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Step 4

Go to your UPI application and approve the payment request.

Viola! You have successfully applied to the IPO.

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Bidding online is one of the most efficient ways to subscribe to an IPO.

  • If you are an Arihant Customer, simply login using your client code and OTP.
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  • Enter the bid quantity and approve the UPI payment mandate.
  • Your bid is complete!

When the IPO shares are allotted, you will either get full or partial allotment from the bid you made.

Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.

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