V-Marc India IPO will open for subscription from 25 March 2021. the company aims for an issue size of ₹23.40 Crore through IPO.
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.
Objectives of the Issue
- To finance capital expenditure to establish the proposed manufacturing facility.
- To meet the company’s working capital requirements.
- General corporate purposes.
- Diversified product portfolio with a wide range of wires and cables.
- Geographically diversified customer base.
- Strong dealer network distribution.
- Experienced and dedicated management.
Basic details about the company
|Full name||V-Marc India Limited|
Dates to remember
|IPO Open||25 March 2021|
|IPO Close||31 March 2021|
|Basis of Allotment||06 April 2021|
|Refunds date||07 April 2021|
|Credit to Demat Account||08 April 2021|
|Listing Date||09 April 2021|
|Issue type||Book Built Issue|
|IPO issue size||6,000,000 Eq Shares of ₹10|
(aggregating up to ₹23.40 Cr)
|Face value||₹10 per equity share|
|Price band||₹37 to ₹39 per equity share|
|Minimum application||1 Lot-3000|
|Minimum application amount||₹117,000|
|Listing Exchange||NSE SME|
|Net margin (%)||1.6||2.4||2.7||3.1|
Valuation of V-Marc India (as of FY2020)
|Earnings Per Share (EPS)||₹2.91|
|Price/Earnings (PE ratio)||12.71 – 13.40|
|Return on Net Worth (RONW)||13.60%|
|Net Asset Value (NAV)||₹21.43 per share|
- Vikas Garg
- Meenakshi Garg
- Pantomath Capital Advisors Pvt Ltd
Registrar of V-Marc India IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
V-Marc India Contact Details
V-Marc India Limited
Plot No. 3, 4, 18, 20A,
Phone: +91 1334-239638
V-Marc India IPO Allotment Status
V-Marc India IPO allotment status will be available on Bigshare Services’ website.
Click on this link to get allotment status.
V-Marc India IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.