V-Marc India Limited, established in 2014, operates in the wire and cable industry, with a focus on manufacturing and promoting their product line under the brand “V-Marc”. Their offerings include various types of cables such as single and multi-strand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, power cables, core flat cables, solar cables, wires, and aerial bunched cables, catering to a diverse range of customers.
V-Marc India Limited employs various sales channels to distribute its products, including government tenders for supplying products for government projects, supplying to EPC contractors for turnkey projects, and utilizing a dealer and distribution network to sell directly to private companies. Their products cater to a broad range of industries such as power, real estate, railways, and telecom sectors. As of December 31, 2020, the company has a robust network of over 650 dealers operating in 12 states.
The company owns two manufacturing facilities located in Haridwar, Uttarakhand, with a combined installed capacity of 71,100 KM per annum. Additionally, they plan to establish a new manufacturing facility with a total capacity of 11,520 KM per annum.
V-Marc India IPO Details
| IPO Date | Mar 25, 2021 to Mar 31, 2021 |
| Listing Date | Friday, April 9, 2021 |
| Face Value | ₹10 per share |
| Price | ₹37 to ₹39 per share |
| Lot Size | 3000 Shares |
| Issue Size | 6,000,000 shares of ₹10 (aggregating up to ₹23.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
V-Marc India IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 25, 2021 |
| Closing Date | Mar 31, 2021 |
| Basis of Allotment | Apr 6, 2021 |
| Initiation of Refunds | Apr 7, 2021 |
| Credit of Shares to Demat | Apr 8, 2021 |
| Listing Date | Apr 9, 2021 |
Industry Overview
As per a Research And Markets report, the Indian wire and cable industry is predicted to register a CAGR of roughly 15% between 2021 to 2026. This growth can be attributed to various factors, including rising demand for energy and telecom infrastructure, government initiatives towards developing smart cities, and the escalating requirement for renewable energy sources.
Additionally, the Indian wire and cable industry has significant export potential, with increasing demand for high-quality products in other developing nations. The industry’s growth is also supported by technological advancements that improve the efficiency and reliability of its products.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in Lakh) | |||
| 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 |
Objects of the Issue
The net IPO proceed will be used towards the following purposes;
- To finance capital expenditure to establish proposed manufacturing facility.
- To meet company’s working capital requirements.
- General corporate purposes.
V-Marc India IPO Prospectus
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/
V-Marc India IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
V-Marc India IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
