Marshall Machines Limited IPO

Add to Calendar 2018-08-28 12:00 AM 2018-08-30 12:00 AM Asia/Kolkata Marshall Machines Limited IPO Marshall Machines Limited India

Marshall Machines Limited is currently active in developing, manufacturing and marketing of Machine Tool Equipment. It is the first Indian CNC Machine manufacturers since 1998. The company offers a vast product portfolio which consists of All Geared Lathes, Multi Spindle Drilling/Tapping Machines & Special Purpose Machines.

Date of incorporation: Marshall Machines Limited was incorporated as ‘V.B. Spinning Mills Private Limited’ on 23rd of May 1994. Subsequently, the company was reformed as the public limited company on 17th of May 2018.

Promoters of Marshall Machines Limited: Mr Gaurav Sarup and Mr Prashant Sarup are the promoters of Marshall Machines Limited.

Products and Services Offering: Marshall Machines provides products and solutions to a wide range of industries including Axles, Crankshafts, Auto Parts, Fans, Bearings and Gear Blanks among others. It currently offers a  range of CNC machinery tools that consist of:

   - Rapidturn - Double Head Single Slide CNC Turning Center.

  • - Rigidturn - Extra Heavy Duty CNC Turning Centre.

  • - Twinturn - Double Head Double Turret CNC Turning Center.

  • - Roboturn - ‘Smart’ Automated Turning Solutions with IoTQ.

Customer Segments: Marshall Machines has diversified customer segments across several key players namely Honda, Havells, Usha and Rockman among others.

The Objects of Marshall Machineries Limited IPO: The core objective of Marshall Machinery Limited IPO are:

  • - Capital Augmentation.

  • - Reforming of existing R&D Unit and IOTQ Center.

  • - Issue expenses.

  • - General Corporate expenses.

  • - Formation of new IOTQ Center.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

7 964.13

6 503.73

5 935.76

5 955.71

5 270.74

Total Revenue

5 942.43

5 054.42

4 390.66

4 257.46

3 928.43

Profit After Tax

5 0.3

1 0.49

4 .53

2 .96

58.76

Issue Detail

  • Issue Open: Aug 28, 2018
  • Issue Close: Aug 30, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 42 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 16.25 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,836,000 1,836,000 - - 3,672,000
Day 1 - Aug 28, 2018IST - 0.87x 0.02x - - 0.45x
Day 2 - Aug 29, 2018IST - 0.92x 0.23x - - 0.57x
Day 3 - Aug 30, 2018IST - 2.92x 0.96x - - 2.13x

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 42.00
Open - Rs 37.45
Low - Rs 35.30
High - Rs 39.30
Last Trade - Rs 39.30
Volume - 177,000

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