Marco Cables and Conductors Limited

Marco Cables and Conductors SME IPO

Marco Cables and Conductors Limited

₹1,08,000 /3000 sharesMinimum investment

IPO details

Minimum investment
₹1,08,000
Price range
₹36 - ₹36
Lot size
3,000
Issue size
18.73 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

21 Sep 2023
IPO open date
25 Sep 2023
IPO close date
28 Sep 2023
Allotment date
28 Sep 2023
Funds unblock or debit
4 Oct 2023
Tentative listing date

About

Established in 1989, Marco Cables and Conductors is primarily involved in the manufacturing and sales of wires, cables, and conductors within India. They have 34 years of active engagement in the Indian power cable industry. The company started with the production of wires featuring aluminum or copper conductors, XLPE/PVC cables, and Aerial Bunched Cables. Eventually, they expanded their offerings to include AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminum Conductor Steel Reinforced) Conductors. The majority of their products find their way to electricity boards in various states such as Maharashtra, Gujarat, Tamil Nadu, Telangana, Haryana, Chhattisgarh, Madhya Pradesh, and others, along with turnkey contractors throughout India. Their product portfolio covers a range of voltage and transmission lines, suitable for applications up to 1.1 KV.;
Founded in
1989
MD/CEO
Mr. Sumit Sugnomal Kukreja
Parent organisation
Marco Cables and Conductors Limited

Marco Cables and Conductors SME Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
42.3956.4156.77202120222023

Strengths & Risks

Strengths
Risks
Marco Cables and Conductors possesses the necessary qualifications to participate in Government Projects, meeting the unique Bid Qualification Requirements (BQR) set by various electricity boards.
Marco Cables and Conductors consistently obtains test reports from renowned accredited laboratories such as Rajasthan Test & Research Centre (RTRC), Power Testing Laboratory, Quality Marking & Testing Laboratory, and KC India Test Laboratories LLP.
The company predominantly conducts its sales through tenders to State Electricity Boards. The company continued to supply its products to entities such as Dakshin Gujarat Vij Co. Ltd. (Surat), Paschim Gujarat Vij Co. Ltd. (Rajkot), Madhya Gujarat Vij Co. Ltd. (Vadodara), Uttar Gujarat Vij Co. Ltd. (Mehsana), and Gujarat Energy Transmission Company Ltd. (Vadodara) for a decade.
They have also established a 22-year relationship with TNEB (Chennai), which later underwent division into TANGEDCO (Tamil Nadu Generation & Distribution Co. Ltd.) Chennai and TANTRANSCO (Tamil Nadu Transmission Corporation).
The company has been serving MSEDCL (Mumbai) for 23 years, CSPDCL (Raipur) for six years, and APCPDCL (Hyderabad) for 11 years.
They actively engage with Central Government initiatives aimed at expanding power infrastructure and responding to turnkey tenders issued by State Electricity Boards.
To cater to the specific requirements of their clientele, the company's manufacturing team caters to the individual preferences of customers.
The company is currently involved in legal proceedings, and any unfavorable outcomes in these cases could substantially harm its business.
The prices of raw materials used in manufacturing are subject to unpredictable fluctuations beyond the company's control. Sudden increases or volatile price shifts can significantly impact the company's business.
The company's manufacturing facilities, situated in Sinnar, Nasik, are vital to its operations. Any disruptions or shutdowns of these facilities could have adverse effects on the company's business.
Strict quality standards apply to the company's products. Any defects or failures to meet these standards, either by the company or its raw material suppliers, could result in order cancellations, recalls, and potential product liability claims.
A significant portion of the company's sales comes from specific geographical regions, particularly Gujarat, Telangana, Maharashtra, and Madhya Pradesh. Adverse developments in these regions can impact the company's revenue.
The company's success relies on its relationships with customers, especially its top 10 customers. Without long-term contracts in place, the loss of one or more of these customers sourcing elsewhere could adversely affect the company's business and financial condition.
The company's revenue from operations is closely linked to the central government's RDSS (Revamped Distribution Sector Scheme). Any changes or delays in this scheme may result in revenue loss and impact the company's financial stability.
The company experienced negative cash flows in previous years.
The company has outstanding unsecured loans from non-banking financial companies, its directors, and directors' relatives. These loans, amounting to Rs. 889.91 Lakhs for 2023, are repayable on demand.

Application details

For Marco Cables and Conductors SME IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹36 - ₹36₹2 - ₹5 Lakhs3000
High Networth Individual₹36 - ₹36₹2 - ₹5 Lakhs3000

Frequently Asked Questions