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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 ₹66.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,28,000 (2000 shares). The minimum lot size investment for 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 Date | September 28, 2018 to October 3, 2018 |
| Listing Date | October 11, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹64 to ₹66 per share |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,96,000 shares (aggregating up to ₹42.87 Cr) |
| Reserved for Market Maker | 3,36,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹2.22 Cr) |
| Net Offered to Public | 61,60,000 shares (aggregating up to ₹40.66 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,80,37,050 shares |
| Share Holding Post Issue | 2,45,33,050 shares |
Marine Electricals IPO offers total 64,96,000 shares. Out of which 30,80,000 (47.41%) allocated to NII, 30,80,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,36,000 (5.17%) |
| NII (HNI) Shares Offered | 30,80,000 (47.41%) |
| Retail Shares Offered | 30,80,000 (47.41%) |
| Total Shares Offered | 64,96,000 (100.00%) |
Marine Electricals IPO opens on September 28, 2018, and closes on October 3, 2018.
| IPO Open Date | Fri, Sep 28, 2018 |
| IPO Close Date | Wed, Oct 3, 2018 |
| Tentative Allotment | Mon, Oct 8, 2018 |
| Initiation of Refunds | Tue, Oct 9, 2018 |
| Credit of Shares to Demat | Wed, Oct 10, 2018 |
| Tentative Listing Date | Thu, Oct 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 3, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 35.462.81 | 22,701.42 | 14,909.88 | 14,329.18 | 12,083.67 | |
| Total Revenue | 38,345.64 | 22,365.03 | 25,169.27 | 23,839.14 | 21,485.60 | |
| Profit After Tax | 1,625.95 | 1,079.92 | 935.10 | 850.34 | 1,421.17 | |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 27,701.56 | 15,733.60 | 12,379.84 | 11,955.87 | 10,518.67 | |
| Total Revenue | 28,907.08 | 21,184.40 | 19,527.44 | 19,230.42 | 16,217.76 | |
| Profit After Tax | 1,172.41 | 861.14 | 792.60 | 552.54 | 683.68 | |
The Company Marine Electricals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 32.00 |
| 2 | General Corporate Purposes | 8.87 |
[Dilip Davda] <p>Issue is attractively priced; its client list has marquee customers. The only concern is the LM that has poor track record. Investors may consider investment for medium to long term.</p> Read detail review...
| Listing Date | October 11, 2018 |
| BSE Script Code | |
| NSE Symbol | MARINE |
| ISIN | INE01JE01010 |
| Final Issue Price | ₹66 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹66.60 |
| Low | ₹66.50 |
| High | ₹66.90 |
| Last Trade | ₹66.60 |
Marine Electricals (India) Ltd.
B/1, Udyog Sadan No.3
MIDC
Andheri (E)
Mumbai, Maharashtra, 400093
Phone: +91 22 4033 4300
Email: info@marineelectricals.com
Website: http://www.marineelectricals.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Marine Electricals IPO is a SME IPO of 64,96,000 equity shares of the face value of ₹10 aggregating up to ₹42.87 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on September 28, 2018, and closes on October 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 September 28, 2018 and closes on October 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 Wednesday, October 10, 2018. Check the Marine Electricals IPO allotment status.
The Marine Electricals IPO listing date is on Thursday, October 11, 2018.
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