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Issue Open Date
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25-Mar-21
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Issue Closing Date
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31-Mar-21
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Application Money
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100
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Allotment Money
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Price Band
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37
-
39
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Minimium Application No.
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3000
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Issue Size (Shares)
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6000000
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Market Lot
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1
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Objective
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1. “Funding capital expenditure of our proposed new manufacturing facility which is being set up to enable us to manufacture high voltage cables, produced by dry/nitrogen gas cure technology by wayof installation of Catenary Continuous Vulcanization (CCV) line; expanding our existing installed capacities” (hereinafter referred as the “Project”);2. Funding the working capital requirements of our Company;3. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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3810000
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Qualified Institutional Buyers
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300000
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Retail Individual Investors
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5139000
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Business Description
We are engaged in manufacturing and marketing of wires and cables under the brand name “V-Marc”. OurPromoter Vikas Garg commenced business in a partnership firm in 2006 as a manufacturer and distributor of PVCinsulated wires and cables and have over the years, evolved, expanded and diversified to become an establishedmanufacturer of wires and cables with a total income of ? 17,164.44 lakhs in Fiscal 2020. We manufacture andsell a diverse range of wires and cables and our key products are single & multistrand cables, CCTV cables, LANcables, coaxial cables, telephone switchboard cables, power cables (LT and HT cables upto 33kv grade), flexible& control cables, core flat cables, solar cables, wires and aerial bunched cables. Our products are also certifiedas compliant with various quality standards including Bureau of Indian Standards (“BIS”) and Certiva Limited(“CE”).
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Promoter's Holding
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Total Share Capital
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15941696
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Offered to Public
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6000000
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Promoter's Holding (Pre-Issue)
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94.97
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Promoter's Holding (Post-Issue)
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69.96
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Address |
Plot No. 3
4
18
20 A
Sector I I D C
Sidcul
Haridwar,
Uttarakhand,
249403
Phone : 01334-239638
Email : investor@v-marc.in / cs@v-marc.in / agpl@v-marc.in
Website : www.v-marc.com
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Pantomath Capital Advisors Pvt Ltd.
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Promoters |
Meenakshi Garg
Vikas Garg
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