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)


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


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

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

Marshall Machines Limited Red Herring Prospectus

Marshall Machines Limited User Rating


Marshall Machines Limited Life IPO Reviews

Marshall Machines Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker


Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us