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V-Marc India IPO is a book built issue of Rs 23.40 crores.
V-Marc India IPO bidding started from March 25, 2021 and ended on March 31, 2021. The allotment for V-Marc India IPO was finalized on Tuesday, April 6, 2021. The shares got listed on NSE SME on April 9, 2021.
V-Marc India IPO price band is set at ₹37 to ₹39 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹117,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the V-Marc India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to V-Marc India IPO RHP for detailed information.
| IPO Date | March 25, 2021 to March 31, 2021 |
| Listing Date | April 9, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹37 to ₹39 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹23.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,785,696 |
| Share holding post issue | 22,785,696 |
| Market Maker portion | 300,000 shares |
V-Marc India IPO offers 6,000,000 shares. 2,850,000 (47.50%) to NII, 2,850,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 300,000 (5.00%) |
| NII (HNI) Shares Offered | 2,850,000 (47.50%) |
| Retail Shares Offered | 2,850,000 (47.50%) |
| Total Shares Offered | 6,000,000 (100%) |
V-Marc India IPO opens on March 25, 2021, and closes on March 31, 2021.
| IPO Open Date | Thursday, March 25, 2021 |
| IPO Close Date | Wednesday, March 31, 2021 |
| Basis of Allotment | Tuesday, April 6, 2021 |
| Initiation of Refunds | Wednesday, April 7, 2021 |
| Credit of Shares to Demat | Thursday, April 8, 2021 |
| Listing Date | Friday, April 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 31, 2021 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹117,000 |
| Retail (Max) | 1 | 3000 | ₹117,000 |
| Lot Size Calculator | |||
Vikas Garg and Meenakshi Garg are the company promoters.
| Share Holding Pre Issue | 94.97% |
| Share Holding Post Issue |
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.
Competitive strengths
| 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 | |
The net IPO proceed will be used towards the following purposes;
[Dilip Davda] VMIL is operating in a highly competitive segment with many big players as well as unorganized local players. Based on its financial data, the issue appears fully priced. With mega spending on the power sector by the government, demands for cables will be on the rise. Considering this, investors may consider investing in this issue with a long term perspective. Read detail review...
The V-Marc India IPO is subscribed 1.62 times on March 31, 2021 5:00:00 PM. The public issue subscribed 1.80 times in the retail category, times in the QIB category, and 1.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.44 |
| Retail | 1.80 |
| Total | 1.62 |
| Listing Date | April 9, 2021 |
| BSE Script Code | |
| NSE Symbol | VMARCIND |
| ISIN | INE0GXK01018 |
| Final Issue Price | ₹39 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹39.00 |
| ₹46.50 |
| ₹44.20 |
| ₹48.60 |
| ₹47.10 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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V-Marc India IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹23.40 Crores. The issue is priced at ₹37 to ₹39 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 25, 2021, and closes on March 31, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in V-Marc India IPO using UPI as a payment gateway. Zerodha customers can apply in V-Marc India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V-Marc India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V-Marc India IPO opens on March 25, 2021 and closes on March 31, 2021.
V-Marc India IPO lot size is 3000 Shares, and the minimum amount required is ₹117,000.
You can apply in V-Marc India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for V-Marc India IPO will be done on Tuesday, April 6, 2021, and the allotted shares will be credited to your demat account by Thursday, April 8, 2021. Check the V-Marc India IPO allotment status.
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