What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Marco Cables & Conductors Limited IPO allotment date?

The basis of allotment for Marco Cables & Conductors Limited IPO is scheduled to be finalized on 26 Sep 2023.

Where can I check Marco Cables & Conductors Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 27 Sep 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Marco Cables & Conductors Limited

ListedSME

Electrical Equipment & Components · NSE

Incorporated in 1989, Marco Cables & Conductors Limited manufactures and sells electrical wires, cables, and conductors in India. Its product range includes LT Aerial Bunched Cables, LT PVC Cables, AAAC Conductors, LT XLPE Cables, and ACSR Conductors used for power distribution, especially across tough terrain and long spans. The company’s manufacturing unit is located in Nashik, Maharashtra, with an installed capacity of 18,000 km per year. It reported revenues of ₹5,676.79 lakhs in FY23, ₹5,641.00 lakhs in FY22, and ₹4,239.18 lakhs in FY21.

Price Band

₹36

Issue Size

₹18.73 Cr

Lot Size

3000 shares

GMP

₹3

+8.3%

Est. Listing

₹39

at current GMP

Subscribed

29.86x

overall

Open

21 Sep 2023

25 Sep 2023

Allotment

26 Sep 2023

Refund

27 Sep 2023

Demat Credit

28 Sep 2023

Listing

28 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Marco Cables & Conductors Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

26 Sep 2023

Basis finalization

Refunds Initiate

27 Sep 2023

Mandate release

Demat Credit

28 Sep 2023

Shares in demat

Listing Debut

28 Sep 2023

Trading begins

About Marco Cables & Conductors Limited Public Issue & Market Profile

Marco Cables & Conductors Limited is bringing an initial public offering (IPO) in the Electrical Equipment & Components sector with an aggregate issue size of ₹18.73 Crores. The shares are offered at a price band of ₹36 to ₹36 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,08,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-28, while un-allotted funds or UPI block mandates will be released on 2023-09-27.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

Marco Cables & Conductors Limited

Marco Cables & Conductors Limited Allotment Status

How to Check Marco Cables & Conductors Limited IPO Allotment Status

About Marco Cables & Conductors Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?