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Incorporated in 1961, Marshall Machines Limited provides smart IoT-enabled CNC solutions.
Marshall Machines' product portfolio includes:
The company has deployed over 4,000 machines over 4 decades and has more than 1,500 clients across two customer segments: Institutional and SMEs, with more than 300 committed team members across various functions.
Marshall's clientele is spread across numerous industries, including automobile, consumer durables & appliances, general engineering, and so on.
| Issue Open | October 11, 2023 - October 26, 2023 |
| Security Name | Marshall Machines Limited |
| Issue Size (Shares) | 10,185,000 |
| Issue Size (Amount) | ₹45.63 Crores |
| Issue Price | ₹44.8 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | The full amount of the Issue Price being ₹ 44.80 will be payable on application. |
| Entitlement | 7 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | September 28, 2023 |
| Record Date | September 29, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | October 11, 2023 |
| Renunciation of Rights Entitlements | October 16, 2023 |
| Bid/Offer Closes On | October 26, 2023 |
| Deemed Date of Allotment | October 30, 2023 |
| Credit Date | October 31, 2023 |
| Listing Date | November 6, 2023 |
Marshall Machines Limited's revenue decreased by -38.81% and profit after tax (PAT) rose by 121.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 141.29 | 135.34 | 132.78 |
| Revenue | 37.00 | 60.46 | 67.25 |
| Profit After Tax | -6.90 | -3.12 | 0.36 |
| Net Worth | 39.53 | 45.97 | 49.03 |
| Reserves and Surplus | 24.98 | 31.42 | 34.48 |
| Total Borrowing | 45.25 | 40.18 | 40.63 |
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Marshall Machines Rights Issue 2023 got subscribed by 0.96 times by the end of the bidding period with total bid quantity received by NSE of 9,769,361 shares.
6 4.7 Rating:  Vote Here ... |
Marshall Machines Limited
C-86,
Phase-V,
Focal Point, Ludhiana - 141010
Phone: +91-161-5012406
Email: headoffice@marshall.cnc.com
Website: https://marshallcnc.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Marshall Machines Rights Issue 2023 opens on October 11, 2023, and closes on October 26, 2023.
Marshall Machines Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | October 16, 2023 |
| Issue Opening Date | October 11, 2023 |
| Issue Closing Date | October 26, 2023 |
| Date of Allotment (on or about) | October 30, 2023 |
| Date of Credit (on or about) | October 31, 2023 |
| Date of Listing (on or about) | November 6, 2023 |
Marshall Machines Rights Issue 2023 price is set at ₹44.8 per share per equity share.
The eligible shareholders are being offered 7 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (September 29, 2023).
The record date for the Marshall Machines Rights Issue 2023 is September 29, 2023.
The issue size of Marshall Machines Rights Issue 2023 is of 10,185,000 equity shares at ₹44.8 per share aggregating upto ₹45.63 Crores.
The Letter of Offer for Marshall Machines Rights Issue 2023 can be download here.
You can apply for Marshall Machines Rights Issue 2023 in two ways:
Steps to apply for Marshall Machines Rights Issue 2023 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Marshall Machines Rights Issue 2023 using Registrar's website (R-WAP)
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