V-Marc India Limited IPO – All you need to know
V-Marc India Ltd, a wires and cables manufacturer based in Haridwar, has filed papers with the market regulator SEBI for an SME IPO of up to 60 lakh equity shares. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the V-Marc India Ltd IPO.
V-Marc India IPO Date & Price Band
| IPO Open: | 25 March 2021 |
| IPO Close: | 31 March 2021 |
| IPO Size: | Approx ₹23.40 Crore |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹37 to ₹39 Per Share |
| Listing on: | NSE SME |
| Retail Portion: | 50% |
| Equity: | 6,000,000 Shares |
V-Marc India IPO Market Lot
| Minimum Lot Size: | Minimum 3000 Shares |
| Minimum Amount: | ₹117,000 |
| Minimum Lot Size: | Maximum 3000 Shares |
| Minimum Amount: | ₹117,000 |
V-Marc India IPO Allotment & Listing
| Basis of Allotment: | 6 April 2021 |
| Refunds: | 7 April 2021 |
| Credit to Demat Account: | 8 April 2021 |
| Listing Date: | 9 April 2021 |
Financials of V-Marc India Ltd.
| Particulars | 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 |
About V-Marc India Limited
V-Marc India Limited is a company that manufactures and markets wires and cables under the “V-Marc” brand. It was founded in 2014. The company produces and sells a wide variety of wires and cables, including single and multi-strand cables, LAN cables, coaxial cables, CCTV cables, solar cables, core flat cables, telephone switchboard cables, power cables, wires aerial bunched cables, etc.
The company’s products are sold through a variety of channels, including:
- Government tenders to supply products for government projects
- Supply to EPC contractors for turnkey projects
- Dealer and distribution network to sell directly to private firms.
Its products are used in a variety of industries, including power, real estate, railways, and telecommunications. It has a robust network of 650+ distributors spread over 12 states as of December 31, 2020.
The company has two manufacturing facilities in Haridwar, Uttarakhand, with a total installed capacity of 71,100 KM p.a. and plans to build a new facility with a total capacity of 11,520 km p.a.
Objective of the Issue:
The funds raised from the new issue will be used by Siddhika Coatings Ltd to:
- To satisfy the criteria for working capital
- General Corporate Objectives
- To cover the costs of the issue.