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Marine Electricals IPO is a book built issue of Rs 42.87 crores.
Marine Electricals IPO bidding started from September 28, 2018 and ended on October 3, 2018. The allotment for Marine Electricals IPO was finalized on Monday, October 8, 2018. The shares got listed on NSE SME on October 11, 2018.
Marine Electricals IPO price band is set at ₹64 to ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Aryaman Financial Services Limited is the book running lead manager of the Marine Electricals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
| Price Band | ₹64 to ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,496,000 shares (aggregating up to ₹42.87 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,037,050 |
| Share holding post issue | 24,533,050 |
| Market Maker portion | 336,000 shares |
Marine Electricals IPO offers 6,496,000 shares. 3,080,000 (47.41%) to NII, 3,080,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 336,000 (5.17%) |
| NII (HNI) Shares Offered | 3,080,000 (47.41%) |
| Retail Shares Offered | 3,080,000 (47.41%) |
| Total Shares Offered | 6,496,000 (100%) |
Marine Electricals IPO opens on September 28, 2018, and closes on October 3, 2018.
| IPO Open Date | Friday, September 28, 2018 |
| IPO Close Date | Wednesday, October 3, 2018 |
| Basis of Allotment | Monday, October 8, 2018 |
| Initiation of Refunds | Tuesday, October 9, 2018 |
| Credit of Shares to Demat | Wednesday, October 10, 2018 |
| Listing Date | Thursday, October 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2018 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| Lot Size Calculator | |||
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 solution 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 objects of the issue are-
1. Raise funds for Working Capital Requirements and;
2. General Corporate Purposes
[Dilip Davda]
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.
Read detail review...The Marine Electricals IPO is subscribed 1.23 times on October 3, 2018 5:00:00 PM. The public issue subscribed 0.43 times in the retail category, times in the QIB category, and 2.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.04 |
| Retail | 0.43 |
| Total | 1.23 |
| Listing Date | October 11, 2018 |
| BSE Script Code | |
| NSE Symbol | MARINE |
| ISIN | INE01JE01010 |
| Final Issue Price | ₹66 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹66.00 |
| ₹66.60 |
| ₹66.50 |
| ₹66.90 |
| ₹66.60 |
Marine Electricals (India) Limited
B/1, Udyog Sadan No.3,
MIDC, Andheri (E),
Mumbai - 400 093
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
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Marine Electricals IPO is a SME IPO of 6,496,000 equity shares of the face value of ₹10 aggregating up to ₹42.87 Crores. The issue is priced at ₹64 to ₹66 per share. The minimum order quantity is 2000 Shares.
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.
The Marine Electricals IPO opens on September 28, 2018 and closes on October 3, 2018.
Marine Electricals IPO lot size is 2000 Shares, and the minimum amount required is ₹132,000.
You can apply in Marine Electricals IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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