Let’s have a detailed review of the company and analytics of the V-Marc India IPO release date, IPO offer price, subscription, V-Marc India IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 37 To Rs 39
Listing AtNSE SME
Min. Order Quantity3000 Eq Shares
Listing Date09 April 2021
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 23.40 Cr
Tick Size1

V-Marc India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

V-Marc India IPO Share Price – Live Performance

V-Marc India IPO – Summary

V-marc ipoThe company is engaged in manufacturing and marketing of wires and cables under the brand name “V-Marc”. They manufacture and sell a diverse range of wires and cables and their key products are single & multi-strand cables.

CCTV cables, LAN cables, coaxial cables, telephone switchboard cables, power cables (LT and HT cables up to 33kv grade), flexible & control cables, core flat cables, solar cables, wires, and aerial bunched cables.

Their products are also certified as compliant with various quality standards including Bureau of Indian Standards (“BIS”) and Certiva Limited (“CE”).

The Promoters of this company are VIKAS GARG AND MEENAKSHI GARG.

The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARESERVICES PRIVATE LIMITED.


V-Marc India IPO Date

The opening and the closing date of IPO of V-Marc India IPO is not available yet.


V-Marc India IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day/ 25 March – 1.00x0.05x0.52x
2nd Day/ 26 March  –  1.08x0.24x0.66x
3rd Day/ 27 March – 1.08x0.24x0.66x
4th Day/ 30 March – 1.22x0.63x0.93x
5th Day/ 31 March – 1.44x1.79x1.62x
Shares Offered or Net Issue2,850,0002,850,0005,700,000

The shares subscribed by the public will be updated here.


V-Marc India IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

V-Marc India IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment FinalizationApr 6,2021
Refunds InitiationApr 7,2021
Credit of Shares to Demat AccountApr 8,2021
Share Listing DateApr 9,2021

V-Marc India IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


V-Marc India IPO Equity Size

This Initial Public Issue of 6,000,000 Equity Shares of Rs.10 each for cash at a price of Rs.37 to Rs.39  per equity share aggregating to Rs.23.40 Cr.


V-Marc India IPO Share Offering

Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 6,000,000 Equity Shares of Rs.10 each, aggregating to Rs.23.40 Cr.


V-Marc India IPO – Live Performance

The listing date of this IPO is Apr 9,2021 . You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – V-Marc India IPO Share Price

V-Marc India IPO Grey Market Premium

The V-Marc India IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


V-Marc India IPO – Company Overview

The company sells its products through a diversified sales & distribution mix, majorly by1) securing government tenders for supply to government projects 2) supply to EPC contractors for turnkey projects and 3) their dealer & distribution network and direct sales to few private companies.

They have completed 40, 25 and 19 government contracts during the financial year ended March 31, 2020, 2019 and 2018, respectively. For the nine months period ended December 31, 2020, their completed and ongoing government contracts totals 26. Over the operating history of more than a decade, they have supplied products for various industries including power, real estate, telecom, and railways.

They have an established supply chain comprising their network of authorized dealers and distributors. As of December 31, 2020, they have a dealer network of more than 650 dealers, (out of which they have billed to around 354 dealers during the nine months period ended December 31, 2020)who are spread over 12 states.

They supply their products directly to the authorized dealers and distributors who in turn supply their products to various retail outlets in India. As of December 31, 2020, they have 1 warehouse and 5 sales depots to manage their supply chain operations. Further, they had customers situated in around 21 states based on fiscal 2020.

V-Marc India IPO Business Verticals

They have two manufacturing facilities which are located in Haridwar, Uttarakhand. As of the date of the DRHP, they have a combined installed production capacity of 71,100 km p.a. Over the years, they have made continuous investments in their manufacturing infrastructure to support their product portfolio requirements and reach.

They propose to set-up a new manufacturing facility with an additional installed capacity of 11,520 km p.a. With their proposed manufacturing facility, the company aims to expand its manufacturing capabilities by way of installation of Catenary Continuous Vulcanization (CCV) Technology as well as increase their installed capacities for our existing product portfolio.


V-Marc India IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakh)
Dec 20Mar 2031 Mar 19Mar 18
Total Assets12,962.0512,968.3211,274.968,643.20
*Total Revenue13,062.5717,164.4420,525.6114,351.31
Total Expense12,524.0716,522.2819,814.9613,985.34
Profit After Tax401.58464.60488.95223.66

Earnings per Equity Share (in Lakh)

Dec 20Mar 2031 Mar 19Mar 18
Basic2.522.913.071.57
  Diluted2.522.913.071.57

For the nine months ended December 31, 2020 and for Fiscals 2020, 2019 and 2018.Their revenue from operations was Rs 13,036.40 lakhs, Rs 17,124.94 lakhs, Rs 20,495.00 lakhs and Rs 14,350.93 lakhs, respectively, growing at a CAGR of 9.22% between Fiscal 2018 and Fiscal 2020.

The EBITDA for the nine months ended December 31, 2020 and for Fiscals 2020, 2019 and 2018 was Rs 1,030.84 lakhs, Rs 1,304.95 lakhs, Rs 1,316.02 lakhs and Rs 986.18 lakhs respectively, growing at a CAGR of 15.01% between Fiscal 2018 and Fiscal 2020.

While the profit after tax for the nine months ended December 31, 2020 and for the Fiscals 2020, 2019 and 2018 was Rs 401.58 lakhs, Rs 464.60 lakhs, Rs 488.95 lakhs and Rs 223.66 lakhs respectively, growing at a CAGR of 44.06% between Fiscal 2018 and Fiscal 2020.


V-Marc India IPO – Promoters

The Promoter of this company is:

  1. Vikas Garg
  2. Meenakshi Garg

List of Related Parties (Key Managerial Personnel)

  • Ranjan Kumar Sawarna, Chief Financial Officer
  • Kanchan Gupta, Company Secretary and Compliance Officer
  • Gyan Prakash Sharma, Commercial and Business Development
  • Suresh Chandra Chandola, General Manager –Inspection & Quality
  • Shiv Kishore Rai, General Manager –Production & Planning
  • Neeraj Kumar Khatod, Zonal Sales Manager

V-Marc IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Issue of up to 6,000,000* Equity Shares of face value of Rs 10/-each fully paid up of the Company for price band of Rs 37 to Rs.39/-per Equity share aggregating Rs 23.40 Cr.
of which:
Issue Reserved for the Market Makers[●] Equity Shares of face value of Rs 10/-each fully paid up of the Company for cash at a price of Rs [●] /-per Equity share aggregating Rs [●] lakhs.
Net Issue to the PublicUp to [●] Equity Shares of face value of Rs 10/-each fully paid of the Company for cash at a price of Rs [●] /-per share aggregating Rs [●] lakhs.
Of which:
Retail Investors Portion [●] Equity Shares of face value of Rs 10/-each fully paid of the Company at a cash price of Rs [●]/-per Equity share aggregating Rs [●] lakhs will be available for allocation to Investors applying with application value of up to Rs 2.00 lakhs
Other than Retail Individual Investors[●] Equity Shares of face value of Rs 10/-each fully paid of the Company for cash at price of Rs [●]/-per Equity Share aggregating Rs [●] lakhs will be available for allocation to Investors applying with application value of above Rs 2.00 lakhs
 Equity Shares outstanding prior to the Issue1,59,45,696 Equity Shares of face value of Rs.10/-each.
 Equity Shares outstanding after the IssueUpto [•] Equity Shares of face value of Rs.10/-each.

V-Marc India IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

  1. Funding capital expenditure of our proposed new manufacturing facility which is being set up
  2. Funding the working capital requirements of the Company
  3. General corporate purposes

Business strategies of V-Marc India IPO

  • Setting up a new state-of-the-art manufacturing facility
  • Expand dealer network in existing markets and increase our presence and retail sales
  • Increase in geographical reach by exploring international markets

V-Marc India IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Wide product portfolio with focus on quality
  • Diversified and marquee client base across varied geographies
  • Experienced management and dedicated employee base

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-202.9113.60%21.43
Mar-193.3616.56%23.95
31-Mar-181.579.75%NA

V-Marc India IPO : Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
V-Marc India IPO10[●]2.9113.6017,164.44
Listed Peers
Cords Cables Industries Limited105.748.167.64%42,240.82
Ultracab (India)Limited10146.340.824.94%6,643.03
CMI Limited1014.942.461.18%51,212.21

V-Marc IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra East, Mumbai –400 051, Maharashtra, India
Tel: +91-22 6194 6700
Fax: +91-22 2659 8690
Website:www.pantomathgroup.com
Email:ipo@pantomathgroup.com
Investor Grievance Id:ipo@pantomathgroup.com
Contact Person: Kruthika Shetty
SEBI Registration No:INM000012110

V-Marc IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri East, Mumbai-400059, Maharashtra, India
Tel: +91 22 62638200
Fax: +91 22 62638299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Raphael
SEBI Registration Number: INR000001385
Investor Grievance E-mail:investor@bigshareonline.com

V-Marc IPO – Other Details

  • Statutory Auditor – M/s. Rajeev Singal & Co., Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  Punjab National Bank


V-Marc IPO Review by Top 10 Stock Brokers

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Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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