V-Marc India IPO

V-Marc India IPO Dates, Details and Price band

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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 nameV-Marc India Limited
Company Websitewww.v-marc.com

Dates to remember

IPO Open25 March 2021
IPO Close31 March 2021
Basis of Allotment06 April 2021
Refunds date07 April 2021
Credit to Demat Account08 April 2021
 Listing Date09 April 2021

IPO details

Issue typeBook Built Issue
IPO issue size6,000,000 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 portion50%
Lot size3000
Minimum application1 Lot-3000
Minimum application amount₹117,000
Listing ExchangeNSE SME

Financial summary

 FY2018FY2019FY20209M FY2021
Net income2.244.894.654.02
Net margin (%)

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,
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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