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.