V-Marc India Limited IPO Details
V-Marc India Limited IPO Details: This is a company that manufactures and sells wires and cables, including single and multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, electric cables, core flat cables, solar cables, wires, and aerial bunched cables, among other things under the brand name “V-Marc.”
The company offers its goods across a number of networks, including 1. Government tenders to provide products for government contracts, 2. Supply to EPC contractors for turnkey projects, and 3. Distributor and sales network to sell directly to private businesses. Its goods are used in a variety of industries, including power, real estate, railways, and telecommunications. It has a large network of 650+ dealers spread across 12 states as of December 31st, 2020. The company has two production facilities in Haridwar, Uttarakhand, with a combined installed capacity of 71,100 KM p.a., and plans to construct a new plant with a total capacity of 11,520 km p.a.
V-Marc India Limited IPO Details:
| IPO Opening Date | March 25th, 2021 |
| IPO Closing Date | March 31st, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹37 to ₹39 per equity share |
| Market Lot | 3,000 Shares |
| Min Order Quantity | 3,000 Shares |
| Listing At | NSE, SME |
| Issue Size | 60,00,000 Eq Shares of ₹10 (aggregating up to ₹23.40 Cr) |
V-Marc India Limited IPO Details:
This is a company that manufactures and sells wires and cables, including single and multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, electric cables, core flat cables, solar cables, wires, and aerial bunched cables. However, the issue is going to be opened on the 25th of March and it will be closed on 31st March 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 37/- to 39/- per share. However, the minimum market lot is set at 3,000 shares per lot. Moreover, the minimum order quantity for buying is 3,000 shares. Further, the stock listing at NSE, SME. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. ₹23.40 Crores.
Objects of the Issue:
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- To finance capital expenditure to establish the proposed manufacturing facility.
- To meet the company’s working capital requirements.
- General corporate purposes.
Prospectus Documents:
Company Contact Information:
V-Marc India Limited.
Plot No. 3, 4, 18, 20A, Sector IIDC,
SIDCUL Haridwar -249403
Phone: +91 1334-239638
Email: investor@v-marc.in
Website: http://www.v-marc.com/