Marco Cables & Conductors Ltd IPO |
Registered Office:
# 100 Opp.Bhai Gangaram Market,Main Road Ulhasnagar
,
Thane
-
421005
,
Maharashtra
, India.
Phone :
0251 2530332 Fax:
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-23 |
25-Sep-23 |
(Rs)36.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :3000 Further Multiples of :3000 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
8.56 |
|
| Project Financed through Current Offer |
18.73 |
|
| Post Issue Equity Share Capital |
18.70 |
|
| Issue Price |
(Rs)36.00 |
|
|