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Marvel Decor IPO is a fixed price issue of ₹26.29 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹26.29 crore.
Marvel Decor IPO bidding started from Mar 12, 2018 and ended on Mar 15, 2018. The shares got listed on NSE SME on Mar 23, 2018.
Marvel Decor IPO price is ₹57.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,28,000.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹5.00 to the issue price.
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 Marvel Decor IPO RHP for detailed Information.
| IPO Date | March 12, 2018 to March 15, 2018 |
| Listing Date | March 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,16,000 shares (aggregating up to ₹26.29 Cr) |
| Reserved for Market Maker | 2,36,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹1.35 Cr) |
| Net Offered to Public | 43,80,000 shares (aggregating up to ₹24.94 Cr) |
| Employee Discount | ₹5.00 |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,24,24,140 shares |
| Share Holding Post Issue | 1,70,40,140 shares |
Marvel Decor IPO offers total 46,16,000 shares. Out of which 21,40,000 (46.36%) allocated to NII, 21,40,000 (46.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,36,000 (5.11%) |
| NII (HNI) Shares Offered | 21,40,000 (46.36%) |
| Retail Shares Offered | 21,40,000 (46.36%) |
| Employee Shares Offered | 1,00,000 (2.17%) |
| Total Shares Offered | 46,16,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Marvel Decor IPO opens on March 12, 2018, and closes on March 15, 2018.
| IPO Open Date | Mon, Mar 12, 2018 |
| IPO Close Date | Thu, Mar 15, 2018 |
| Tentative Listing Date | Fri, Mar 23, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 15, 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 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
Incorporated in 1996, Marvel Decor Limited designs, manufactures, and sells a range of window covering products under the Marvel brand name in India and internationally. They offers roller, roman, vertical, bamboo, wooden venetian, luzon, grayson, eton, patricia, aric, colby, meliso, dorren, and sierra blinds; and curtain rods, and automation products and tracks.
They are producing about 810 components of different type, size and colors as per customer requirement. They make 14 types of blinds and more than 900+ shades. One of their manufacturing unit is in Dared, Jamnagar, Gujarat where they manufacture readymade venetian blinds specially for Reliance Refineries and Roller blinds, Bamboo, Vertical and Wooden Venetian blinds supplying to the furnishing stores. In their second manufacturing unit they manufacture Roller, Roman, Luzon and Vertical blinds.
Marvel has marked its presence nationwide having 338 galleries, in 224 cities of 24 states.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,906.55 | 3,387.67 | 3,258.93 | 3,020.63 | 2,360.78 | |
| Total Revenue | 3,015.52 | 2,879.69 | 2,241.06 | 2,773.72 | 2,363.60 | |
| Profit After Tax | 129.66 | 83.61 | 128.50 | 151.34 | 170.34 | |
The Company Marvel Decor 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 | To meet the working capital requirements of the Company | 12.51 |
| 2 | Repayment of Unsecured Loans of Promoters/Directors | 6.50 |
| 3 | General Corporate Purpose | 4.50 |
| 4 | Issue Expenses | 2.75 |
[Dilip Davda] <p> Company has made five bonus issues and coffers are empty. Pricing appears aggressive. Equity more than trebled post FY17. Considering all these, investors may consider investment at their own risk.</p> Read detail review...
Rs 5 per Equity Share for Employees
| Listing Date | March 23, 2018 |
| BSE Script Code | |
| NSE Symbol | MDL |
| ISIN | INE575Z01010 |
| Final Issue Price | ₹57 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹57.75 |
| Low | ₹51.00 |
| High | ₹59.00 |
| Last Trade | ₹57.85 |
Marvel Decor Ltd.
Plot No 211,
GIDC Phase II,
Dared
Jamnagar, Gujarat, 361004
Phone: +91 288 2730601/602
Email: info@marvellifestyle.com
Website: http://www.marvellifestyle.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Marvel Decor IPO is a SME IPO of 46,16,000 equity shares of the face value of ₹10 aggregating up to ₹26.29 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on March 12, 2018, and closes on March 15, 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 Marvel Decor IPO using UPI as a payment gateway. Zerodha customers can apply in Marvel Decor IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Marvel Decor IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Marvel Decor IPO opens on March 12, 2018 and closes on March 15, 2018.
Marvel Decor IPO lot size is 2000, and the minimum amount required for application is ₹1,14,000.
You can apply in Marvel Decor 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 Marvel Decor IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Marvel Decor IPO allotment status.
The Marvel Decor IPO listing date is on Friday, March 23, 2018.
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