Marco Cables Conductors Limited IPO Review, Date, Price, GMP

Marco Cables & Conductors Limited, incorporated on April 13, 1989, has been engaged in the manufacturing and sale of wires, cables, and conductors in India for over 34 years within the power cable industry. The company’s operations initially began with the production of wires with aluminum and copper conductors, XLPE/PVC cables, and Aerial Bunched Cables. Subsequently, Marco Cables & Conductors Limited expanded its product range to include AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors.

Marco Cables & Conductors Limited also manufactures XLPE, PVC, and Aerial Bunched Cables for the past three decades. Recently, Marco Cables & Conductors Limited has diversified further into ABC (Aerial Bunched Cable) for the distribution and transmission of power lines.

Marco Cables & Conductors Limited’s products are sold to electricity boards of Maharashtra, Gujarat, Tamil Nadu, Telangana, Haryana, Chhattisgarh, and Madhya Pradesh, as well as turnkey contractors throughout India. Their product portfolio includes the complete voltage and transmission line spectrum, up to 1.1 KV. Products of Marco Cables & Conductors are certified, by the Bureau of Indian Standards (BIS) and the International Organisation for Standardisation (ISO) to meet a variety of quality standards.

The company’s production unit has an in-house testing laboratory which helps to confirm that final products fulfil the necessary quality requirements and certifications. Raw materials undergo rigorous quality checks in the in-house testing laboratory before the manufacturing process commences. Testing occurs at different stages of production to rectify any errors or quality defects in real time, and the final output is once again verified by the testing laboratory for safety and quality assurance.

Marco Cables & Conductors Limited employs a diversified sales and distribution strategy, primarily involving securing government tenders for government projects, supplying EPC contractors for turnkey projects, and utilizing a network of dealers and distributors, in addition to direct sales to select private companies.

Marco Cables & Conductors Limited has made Continuous investments in manufacturing infrastructure to support their product portfolio requirements and market reach. They have a very strict quality assurance system, substantial production design experience, and established marketing and distribution contacts.

Marco Cables & Conductors Limited IPO Complete Details:

Marco Cables & Conductors Limited IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Marco Cables & Conductors Limited is Around 06 Rs.

Objects Of Issue:

1. Financing our company’s capital expenditure needs for the acquisition of (i) a Solar Power System and (ii) a 1+12 Rigid Stranding Machine.
2. Providing funds for additional working capital requirements.
3. Supporting general corporate objectives.

Promoters and Group:

1. Mr. Sumit Sugnomal Kukreja:

• Age: 36 years
• Qualification: Bachelor of Commerce from the University of Mumbai (2008)
• Experience: Over 18 years in the wire and cable industry
• Role: Promoter, Chairman, and Managing Director of the company
• Previous Experience: Director at M/s. Laxmi Power Cables Private Limited for approximately 9 years, overseeing the Marketing division.

2.Mr. Sugnomal Mangandas Kukreja:

• Age: 63 years
• Qualification: SSC from Maharashtra State Board of Secondary Education (1976)
• Experience: Over 34 years with the company
• Role: Wholetime Director

3. Ms. Komal Sumit Kukreja:

• Age: 33 years
• Qualification: Matriculate education
• Role: Non-Executive Director
• Appointment: Appointed as Non-Executive Director on April 25, 2023.

4. Mr. Ajay Vijay Singh:

• Age: 51 years
• Qualifications: Master’s degree in Business Administration from Akhil Bhartiya Shiksha Sansthan, New Delhi, and Bachelor’s degree in Commerce from the University of Bombay
• Role: Non-Executive Non-Independent Director
• Appointment: Appointed as Non-Executive Independent Director on July 11, 2023
• Previous Experience: Previously associated with Apex Engineering Solution and Service Private Limited as director.

5. Mr. Giriraj Bhutra:

• Age: Approximately 35 years
• Qualifications: Bachelor of Commerce from the University of Bikaner (2008)
• Role: Independent Director
• Appointment: Appointed as Non-Executive Independent Director on July 11, 2023

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