Marshall Machines Limited IPO

Marshall Machines Limited

Issue Open

Aug 28, 2018

Price Band

₹ 42

Issue Size

₹ 16.25 Cr

Credit of Shares to Demat


Issue Close

Aug 30, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Fixed Price Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Sep 07, 2018



About the company:

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



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