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.
Also read: IPO List 2021: a complete list of IPOs in 2021
V-Marc India
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.
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.
Basic details about the company
| Full name | V-Marc India Limited |
| Sector | Electricals |
| Industry | Cable |
| Company Website | www.v-marc.com |
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 |
IPO details
| 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 |
| Retail portion | 50% |
| Lot size | 3000 |
| Minimum application | 1 Lot-3000 |
| Minimum application amount | ₹117,000 |
| Listing Exchange | NSE SME |
Financial summary
| FY2018 | FY2019 | FY2020 | 9M FY2021 | |
| Revenue | 143.51 | 205.26 | 171.64 | 130.63 |
| Expenses | 139.85 | 198.15 | 165.22 | 125.24 |
| Net income | 2.24 | 4.89 | 4.65 | 4.02 |
| 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 |
Company Promoters
- Vikas Garg
- Meenakshi Garg
Lead Managers
- 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
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
V-Marc India Contact Details
V-Marc India Limited
Plot No. 3, 4, 18, 20A,
Sector IIDC,
SIDCUL Haridwar,
Uttarakhand-249403
Phone: +91 1334-239638
Email: investor@v-marc.in
Website: www.v-marc.com
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.
Final thoughts
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.
Happy Investing
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