Fixed Price IPO | ₹26 Cr | Listed at NSE SME | Mon, Mar 12, 2018 - Thu, Mar 15, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 12, 2018
IPO Close
Thu, Mar 15, 2018
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹97.13 Cr
| IPO Date | 12 to 15 Mar, 2018 |
| Listed on | Fri, Mar 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Employee Discount | ₹5.00 |
| Total Issue Size | 46,16,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 2,36,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 43,80,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 43,80,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,24,24,140 shares |
| Share Holding Post Issue | 1,70,40,140 shares |
| NSE Symbol | MDL |
| ISIN | INE575Z01010 |
Marvel Decor IPO comprises a total issue size of 46,16,000 shares. The net offer to the public is 42,80,000 shares, after excluding 2,36,000 shares allotted on a firm basis and 1,00,000 shares under a preferential allotment. Of the Net offer 21,40,000 (50.00%) allocated to NII 21,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,40,000 | 50.00% | 46.36% |
| Retail Shares Offered | 21,40,000 | 50.00% | 46.36% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,00,000 | 2.17% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,36,000 | 5.11% | |
| Total Shares Offered | 46,16,000 | 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 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
| 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 |
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.
| 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 | 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 |
The Marvel Decor IPO is subscribed 1.54 times on March 15, 2018 5:00:00 PM (Day 4). The public issue subscribed 0.8 times in the retail category, [.] times in the QIB category, and 2.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.03 | 21,90,000 | 44,42,000 |
| Retail | 0.8 | 21,90,000 | 17,60,000 |
| Total | 1.54 | 43,80,000 | 67,44,000 |
Rs 5 per Equity Share for Employees
| # | 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. | 0.36 |
| 2 | Marketing expenses, Selling Commission and other expenses | 2.39 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹57.75 |
| Low | ₹51.00 |
| High | ₹59.00 |
| Last Trade | ₹57.85 |
Lead Manager Reports
Marvel Decor IPO is a SME IPO of 46,16,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Mar 12, 2018, and closes on Thu, Mar 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 Mon, Mar 12, 2018 and closes on Thu, Mar 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 Fri, Mar 23, 2018.
