Marco Cables & Conductors Ltd
Registered Office:
# 100 Opp.Bhai Gangaram Market,Main Road Ulhasnagar,
Thane
-
421005,
Phone : 0251 2530332
Fax : NA
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.
Opens On
Closes On
Application
Allotment
21-Sep-23
25-Sep-23
36.00-0.00
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
Shreni Shares Ltd
Project Financed through Current Offer
18.73
Post Issue Equity Share Capital
18.70
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
Sumit Sugnomal Kukreja
Sugnomal Mangandas Kukreja
Komal Sumit Kukreja