Marco Cables & Conductors IPO is a fixed price issue of Rs 18.73 crores. The issue is a combination of fresh issue of 26.01 lakh shares aggregating to Rs 9.36 crores and offer for sale of 26.01 lakh shares aggregating to Rs 9.36 crores. Marco Cables & Conductors IPO opens for subscription on September 21, 2023 and closes on September 25, 2023. The allotment for the Marco Cables & Conductors IPO is expected to be finalized on Thursday, September 28, 2023. Marco Cables & Conductors IPO will list on NSE SME with tentative listing date fixed as Wednesday, October 4, 2023. Marco Cables & Conductors IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹216,000. Shreni Shares Private Limited is the book running lead manager of the Marco Cables & Conductors IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Marco Cables & Conductors IPO is Shreni Shares. Refer to Marco Cables & Conductors IPO RHP for detailed information.
1. Funding of capital expenditure requirements of the company towards the purchase of Solar Power System and 1+12 Rigid Stranding Machine.
2. Funding Incremental Working Capital Requirements; and
3. General corporate purposes.
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Website:https://ipo.bigshareonline.com/ipo_status.html
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