Bookbuilding IPO | ₹43 Cr | Listed at NSE SME | Fri, Sep 28, 2018 - Wed, Oct 3, 2018
Marine Electricals IPO is a book build issue of ₹42.87 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹42.87 crore.
Marine Electricals IPO bidding started from Sep 28, 2018 and ended on Oct 3, 2018. The allotment for Marine Electricals IPO was finalized on Oct 8, 2018. The shares got listed on NSE SME on Oct 11, 2018.
Marine Electricals IPO price band is set at ₹66 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,32,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Marine Electricals IPO RHP for detailed Information.
IPO Open
Fri, Sep 28, 2018
IPO Close
Wed, Oct 3, 2018
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹161.92 Cr
| IPO Date | 28 Sep to 3 Oct, 2018 |
| Listed on | Thu, Oct 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹64 to ₹66 |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,96,000 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker | 3,36,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 61,60,000 shares (agg. up to ₹41 Cr) |
| Net Offered to Public | 61,60,000 shares (agg. up to ₹41 Cr) |
| Share Holding Pre Issue | 1,80,37,050 shares |
| Share Holding Post Issue | 2,45,33,050 shares |
| NSE Symbol | MARINE |
| ISIN | INE01JE01010 |
Marine Electricals IPO comprises a total issue size of 64,96,000 shares. The net offer to the public is 61,60,000 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 30,80,000 (50.00%) allocated to NII 30,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,80,000 | 50.00% | 47.41% |
| Retail Shares Offered | 30,80,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.17% | |
| Total Shares Offered | 64,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
Incorporated in 2007, Mumbai-based Marine Electricals (India) Limited is a company engaged in the business of providing Integrated Electrical and Automation Solutions. The company deals in comprehensive electrical solutions across industries with a significant presence in the Marine sector (Indian Navy, Commercial Shipbuilding) and Non-Marine sector (Data Centre, Building Management Systems, Industrial etc).
Marine Electricals provides solutions in Low Voltage, Medium Voltage and Industrial Automation and has built business relationships with global names like Schneider Electric, Siemens and GE.
The company has 2 manufacturing facilities in South Goa.
The Company's revenue from operations increased at a CAGR of 15.84% from 2013-14 to 2017-18.
The EBITDA has increased at a CAGR of 16.88% between 2013-14 to 2017-18.
There are 305 employees on the payrolls of the company.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 32.00 |
| 2 | General Corporate Purposes | 8.87 |
The Marine Electricals IPO is subscribed 1.23 times on October 3, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.43 times in the retail category, [.] times in the QIB category, and 2.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.04 | 30,80,000 | 62,68,000 |
| Retail | 0.43 | 30,80,000 | 13,10,000 |
| Total | 1.23 | 61,60,000 | 75,78,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM & Registrar to the Issue, etc | 0.50 |
| 2 | Brokerage and selling commission for Registered Brokers, RTAs and CDPs, Commission/ processing fee for SCSBs | 0.05 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 1.35 |
| 4 | Listing Fees, Market Making, Market Regulatory & Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹66.60 |
| Low | ₹66.50 |
| High | ₹66.90 |
| Last Trade | ₹66.60 |
Lead Manager Reports
Marine Electricals IPO is a SME IPO of 64,96,000 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 28, 2018, and closes on Wed, Oct 3, 2018.
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 Marine Electricals IPO using UPI as a payment gateway. Zerodha customers can apply in Marine Electricals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Marine Electricals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Marine Electricals IPO opens on Fri, Sep 28, 2018 and closes on Wed, Oct 3, 2018.
Marine Electricals IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in Marine Electricals IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Marine Electricals IPO will be done on Monday, October 8, 2018, and the allotted shares will be credited to your demat account by Wed, Oct 10, 2018. Check the Marine Electricals IPO allotment status.
The Marine Electricals IPO listing date is on Thu, Oct 11, 2018.
