Marco Cables & Conductors Ltd - IPO

Marco Cables & Conductors Ltd IPO Details

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.

Objective of issue

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.

Marco Cables & Conductors Ltd Contact Details

Marco Cables & Conductors Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@hmtcable.com

Website - www.marcocables.com