Macro Cables And Conductors IPO Review, GMP, Fundamentals: The fixed-price issue of Rs 18.73 crores is being offered by Marco Cables & Conductors. The offering consists of a fresh issue of 26.01 lakh shares totaling Rs 9.36 crores and a 26.01 lakh share offer for sale totaling Rs 9.36 crores.
The IPO price for Marco Cables & Conductors is 36 per share. 3000 Shares are the bare minimum lot size for an application. Retail investors are required to make investments starting with 108,000. For HNI, two lots (6,000 shares), or a minimum investment of $216,000, are the required minimum lot size.
The subscription period for the IPO of Marco Cables & Conductors begins on September 21, 2023, and ends on September 25, 2023. On September 28, 2023, the allocation for the IPO of Marco Cables & Conductors is anticipated to be completed. The proposed listing date for the Marco Cables & Conductors IPO on NSE SME is set for Wednesday, October 4, 2023.
The Marco Cables & Conductors IPO’s registrar is Bigshare Services Pvt Ltd, and the book running lead manager is Shreni Shares Private Limited. Shreni Shares is the market maker for the IPO of Marco Cables & Conductors.
Macro Cables And Conductors IPO Overview
| Macro Cables And Conductors Limited Company Overview | |
|---|---|
| Company Name | Macro Cables And Conductors Limited |
| IPO Opening Date | 21 September, 2023 |
| IPO Closing Date | 25 September, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 36₹ Per Share |
| Lot Size | 3000 Shares |
| GMP | 36₹ Per Share |
| Total IPO Issue Size | 5,202,000 Shares |
| Fresh Issue Size | 2,601,000 Shares |
| IPO Listing At | NSE SME |
| Issue Type | Fixed-Type Issue IPO |
| Share Holding Pre Issue | 16,098,000 |
| Share Holding Post Issue | 18,699,000 |
| Check More IPO’s | Check Here |
Macro Cables And Conductors IPO Lot Size
| Macro Cables And Conductors Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 1 Lot |
| Maximum Retail Applications | 1 Lot |
| Minimum HNI Applications | 2 Lots |
| Total Shares In Single Lot | 3000 Shares |
| Amount For Single Lot | 108,000₹ |
Macro Cables And Conductors IPO Time Table (Tentative)
| Macro Cables And Conductors Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 21 September, 2023 |
| IPO Ending Date | 25 September, 2023 |
| Basis Of Allotment | 28 September, 2023 |
| Initiation Of Refund | 29 September, 2023 |
| Shares Credit To Demat Account | 03 October, 2023 |
| Date Of Listing | 04 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 5 PM, 25 September, 2023 |
Macro Cables And Conductors IPO Reservation Details
| Macro Cables And Conductors Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | 50% Of Net Offer |
| Shares Offered To Others | 50% Of Net Offer |
Macro Cables And Conductors Company Financials
| Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 5,693.72 Cr |
| Assets | 6,993.44 Cr |
| Profit After Tax | 280.71 Cr |
| Net Worth | 1,560.86 Cr |
| Reserves And Surplus | 1,238.90 Cr |
| Debt | 3,757.73 Cr |
What Is The Objective Of Macro Cables And Conductors IPO Issue?
The corporation plans to fund the following items with the net proceeds from the offer:
- Obtaining Funds for Increasing Working Capital Needs.
- Financing of the business’s capital expenditure needs for the procurement of a solar power system and a 1+12 rigid stranding machine.
- Overall corporate objectives.
How To Apply For Macro Cables And Conductors IPO?
The steps listed below can be used to apply to Macro Cables and Conductors through your broker:-
- Sign up for a Demat account.
- A section titled Initial Public Offerings (IPO) should be chosen.
- Choose IPOs that are open at the moment.
- Now tap Master Components.
- Complete the form and submit it.