Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Tue, Aug 28, 2018 - Thu, Aug 30, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Aug 28, 2018
IPO Close
Thu, Aug 30, 2018
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹61.11 Cr
| IPO Date | 28 to 30 Aug, 2018 |
| Listed on | Fri, Sep 7, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,70,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,98,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.8316 Cr) |
| Fresh Issue (Ex Market Maker) | 36,72,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 36,72,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,06,80,000 shares |
| Share Holding Post Issue | 1,45,50,000 shares |
| NSE Symbol | MARSHALL |
| ISIN | INE00SZ01018 |
Marshall Machines IPO comprises a total issue size of 38,70,000 shares. The net offer to the public is 36,72,000 shares, after excluding 1,98,000 shares allotted on a firm basis. Of the Net offer 18,36,000 (50.00%) allocated to NII 18,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,36,000 | 50.00% | 47.44% |
| Retail Shares Offered | 18,36,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,98,000 | 5.12% | |
| Total Shares Offered | 38,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | Capacity Augmentation | 6.23 |
| 2 | Upgradation of existing R & D Unit and IOTQ Center | 4.17 |
| 3 | Establishment of new IOTQ Centers | 1.10 |
| 4 | Working Capital Requirements | 2.50 |
| 5 | General Corporate Purpose | 0.25 |
The Marshall Machines IPO is subscribed 2.25 times on August 30, 2018 5:30:00 PM (Day 3). The public issue subscribed 1.2 times in the retail category, [.] times in the QIB category, and 2.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.92 | 18,36,000 | 53,58,000 |
| Retail | 1.2 | 18,36,000 | 22,02,000 |
| Total | 2.25 | 36,72,000 | 82,74,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers and Regulatory Fees & Other Expenses etc. | 0.35 |
| 2 | Marketing expenses, Selling Commission and other expenses | 1.65 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹37.45 |
| Low | ₹35.30 |
| High | ₹39.30 |
| Last Trade | ₹39.30 |
Lead Manager Reports
Marshall Machines IPO is a SME IPO of 38,70,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Aug 28, 2018, and closes on Thu, Aug 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 Tue, Aug 28, 2018 and closes on Thu, Aug 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 Fri, Sep 7, 2018.
