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Marshall Machines IPO is a fixed price issue of ₹16.25 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹16.25 crore.
Marshall Machines IPO bidding started from Aug 28, 2018 and ended on Aug 30, 2018. The shares got listed on NSE SME on Sep 7, 2018.
Marshall Machines IPO price is ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Sarthi Capital Advisors Pvt.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 Choice Equity Broking Pvt.Ltd..
Refer to Marshall Machines IPO RHP for detailed Information.
| IPO Date | August 28, 2018 to August 30, 2018 |
| Listing Date | September 7, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,70,000 shares (aggregating up to ₹16.25 Cr) |
| Reserved for Market Maker | 1,98,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.8316 Cr) |
| Net Offered to Public | 36,72,000 shares (aggregating up to ₹15.42 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,06,80,000 shares |
| Share Holding Post Issue | 1,45,50,000 shares |
Marshall Machines IPO offers total 38,70,000 shares. Out of which 18,36,000 (47.44%) allocated to NII, 18,36,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,98,000 (5.12%) |
| NII (HNI) Shares Offered | 18,36,000 (47.44%) |
| Retail Shares Offered | 18,36,000 (47.44%) |
| Total Shares Offered | 38,70,000 (100.00%) |
Marshall Machines IPO opens on August 28, 2018, and closes on August 30, 2018.
| IPO Open Date | Tue, Aug 28, 2018 |
| IPO Close Date | Thu, Aug 30, 2018 |
| Tentative Listing Date | Fri, Sep 7, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 30, 2018 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Incorporated in 1994, Punjab based Marshall Machines Limited is a company engaged in the business of developing, manufacturing and marketing of Machine Tool Equipment. The company is among first Indian CNC Machine manufacturers.
The company manufactures a wide range of CNC Turning Centers including its Patented Double Spindle CNC Turning Centers. It provides complete machining solutions to manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, Bushes, etc. The company's customer list includes GNA, USHA, HERO HONDA, HAVELLS, ROCKMAN, AMTEK AUTO etc.
Marshall Machines has an IoTQ and super-optimized machine technology demonstartion center at IMT Gurugram, Haryana. It also has 2 R&D denters in Ludhiana. The centers are focussed on development of super-optimized machines and smart automated machine tool cells.
The company has 256 permanent employees on its payroll.
| 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 | 7,964.13 | 6,503.73 | 5,935.76 | 5,955.71 | 5,270.74 | |
| Total Revenue | 5,942.43 | 5,054.42 | 4,390.66 | 4,257.46 | 3,928.43 | |
| Profit After Tax | 500.30 | 110.49 | 41.53 | 24.96 | 58.76 | |
The Objects Of The Issue are-
1. Capacity Augmentation
2. Upgradation of existing R&D and IOTQ centers
3. Establishment of new IOTQ centers
4. Working Capital Requirements
5. General Corporate Purpose
6. Issue Expenses
[Dilip Davda] <p>Company’s track records impressive but raising concern for sustainability of super profits shown for FY18. Looking at expansion plans, investors may consider an investment for the long term.</p> Read detail review...
| Listing Date | September 7, 2018 |
| BSE Script Code | |
| NSE Symbol | MARSHALL |
| ISIN | INE00SZ01018 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹37.45 |
| Low | ₹35.30 |
| High | ₹39.30 |
| Last Trade | ₹39.30 |
Marshall Machines Ltd.
C-86
Phase-V
Focal Point
Ludhiana, Punjab, 141010
Phone: +91 161 5012406/2407,
Email: gaurav.sarup@marshallcnc.com
Website: http://www.marshallcnc.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Marshall Machines IPO is a SME IPO of 38,70,000 equity shares of the face value of ₹10 aggregating up to ₹16.25 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on August 28, 2018, and closes on August 30, 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 Marshall Machines IPO using UPI as a payment gateway. Zerodha customers can apply in Marshall Machines IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Marshall Machines IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Marshall Machines IPO opens on August 28, 2018 and closes on August 30, 2018.
Marshall Machines IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in Marshall Machines 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 Marshall Machines IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Marshall Machines IPO allotment status.
The Marshall Machines IPO listing date is on Friday, September 7, 2018.
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