Marine Electricals (India) Limited IPO

Add to Calendar 2018-09-28 12:00 AM 2018-10-03 12:00 AM Asia/Kolkata Marine Electricals (India) Limited IPO Marine Electricals (India) Limited India

The Marine Electricals Limited is ISO 9001:14001 and OHSAS 18001 engaged in the business of dealing in electrical solutions that carters mainly Marine sector and Non-Marine sector. It provides several solutions consisting of Low Voltage, Medium Voltage and Industrial Automation supported by in-house design & development, manufacturing, installations and after sale service.

Date of Incorporation: The company was reformed as M/s Marine Electricals on 24th May 2004 at Mumbai. Subsequently, it was reformed to the public limited company named Marine Electricals (India) Limited on 25th July 2008.

Promoters of Marine Electricals (India) Limited: Mr Vinay Uchil, Mr Venkatesh Uchil and KDU Enterprises Private Limited are the promoters of Marine Electricals (India) Limited.

Products and Services: The company offers the diversified product portfolio ranging from generators up to lighting distribution panels. Some of its products are categorised under:

  • - Power Supply

  • - Power Management

  • - Power Distribution

  • - Consoles

  • - Navigation and Communication

  • - Information Technology

Customer Segments: The company serves several companies like JSW, Mahindra, MRF and Nestle among others.

Objects of Marine Electricals (India) Limited: The core objective of Marine Electricals (India) Limited are:

- Funding Working Capital Needs.

- Corporate Expenses.

Company Financials:


Summary of Financial Information (Restated)

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

792.6

552.54

683.68

Issue Detail

  • Issue Open: Sep 28, 2018
  • Issue Close: Oct 03, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 64 - Rs 66 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 42.87 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 3,080,000 3,080,000 - - 6,160,000
Day 1 - Sep 28, 2018IST - 0.30x 0.03x - - 0.17x
Day 2 - Oct 01, 2018IST - 0.89x 0.11x - - 0.50x
Day 3 - Oct 03, 2018IST - 2.04x 0.43x - - 1.23x

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 66.00
Open - Rs 66.60
Low - Rs 66.50
High - Rs 66.90
Last Trade - Rs 66.60
Volume - 12,72,000

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