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
- Diversified product portfolio with a wide range of wires and cables.
- Geographically diversified customer base.
- Strong dealer network distribution.
- Experienced and dedicated management.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding capital expenditure for the Project | ₹15 |
| 2 Funding the working capital requirements of our Company | ₹5 |
| 3 General corporate purposes | ₹5 |
| Metric | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Total Assets | 12,962 | 12,968 | 11,275 |
| Revenue | 13,063 | 17,164 | 20,526 |
| PAT | 402 | 465 | 489 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 2,850,000 (48%) | — |
| Retail (RII) | — | 2,850,000 (48%) | — |
| Market Maker | — | 300,000 (5%) | — |
| Total | — | 6,000,000 (100%) | — |
* Amount calculated at upper price band (₹39) · ** Total includes all investor categories
- 1 Initiation of Refund 07 Apr 2021
- 2 Credit of Shares to Demat 08 Apr 2021
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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