Incorporated in 2014, V-Marc India Limited is engaged in the business of manufacturing and marketing wires and cables under the brand name of "V-Marc". The company manufactures and sells a diversified range of wires and cables i.e. single & multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, power cables, core flat cables, solar cables, wires, and aerial bunched cables, etc.
The company sells its products through multiple channels; 1. government tenders to supply products for government projects, 2. supply to EPC contractors for turnkey projects, and 3. dealer and distribution network to directly sell to private companies. It supplies its products across industries i.e. power, real estate, railways, and telecom sector. As of Dec 31, 2020, it has a strong network of 650+ dealers across 12 states.
The firm has two manufacturing facilities located at Haridwar, Uttarakhand with an aggregate installed capacity of 71,100 KM p.a and also proposes to set-up a new manufacturing facility with a total capacity of 11,520 km p.a.
Competitive strengths
- Diversified product portfolio with a wide range of wires and cables.
- Geographically diversified customer base.
- Strong dealer network distribution.
- Experienced and dedicated management.
Company Promoters:
Vikas Garg and Meenakshi Garg are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 12,962.05 | 12,968.32 | 11,274.96 | 8,643.20 | |
| Total Revenue | 13,062.57 | 17,164.44 | 20,525.61 | 14,351.31 | |
| Profit After Tax | 401.58 | 464.60 | 488.95 | 223.66 | |
Objects of the Issue:
The net IPO proceed will be used towards the following purposes;
- To finance capital expenditure to establish proposed manufacturing facility.
- To meet company's working capital requirements.
- General corporate purposes.
V-Marc India IPO Details
| IPO Opening Date | Mar 25, 2021 |
| IPO Closing Date | Mar 31, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹37 to ₹39 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 6,000,000 Eq Shares of ₹10 (aggregating up to ₹23.40 Cr) |
V-Marc India IPO Tentative Timetable
The V-Marc India IPO open date is Mar 25, 2021, and the close date is Mar 31, 2021. The issue may list on Apr 9, 2021.
| IPO Open Date | Mar 25, 2021 |
| IPO Close Date | Mar 31, 2021 |
| Basis of Allotment Date | Apr 6, 2021 |
| Initiation of Refunds | Apr 7, 2021 |
| Credit of Shares to Demat Account | Apr 8, 2021 |
| IPO Listing Date | Apr 9, 2021 |
V-Marc India IPO Lot Size
The V-Marc India IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹117,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹117,000 |
| Maximum | 1 | 3000 | ₹117,000 |
V-Marc India IPO Promoter Holding
| Pre Issue Share Holding | 94.97% |
| Post Issue Share Holding |
V-Marc India IPO Subscription Status (Bidding Detail)
The V-Marc India IPO is subscribed 0.66x times on Mar 26, 2021 17:00. The public issue subscribed 0.24x in the retail category, in the QIB category, and 1.08x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 1.08x |
| RII | 0.24x |
| Total | 0.66x |
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