September 28, 2018 - October 3, 2018
RHP
Marine Electricals IPO is a book built issue of Rs 42.87 crores.
Marine Electricals IPO bidding started from September 28, 2018 and ended on October 3, 2018. The allotment for Marine Electricals IPO was finalized on Monday, October 8, 2018. The shares got listed on NSE SME on October 11, 2018.
Marine Electricals IPO price band is set at ₹64 to ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Aryaman Financial Services Limited is the book running lead manager of the Marine Electricals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Marine Electricals IPO RHP for detailed information.
Marine Electricals IPO Details
| IPO Date | September 28, 2018 to October 3, 2018 |
| Listing Date | October 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹64 to ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,496,000 shares (aggregating up to ₹42.87 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,037,050 |
| Share holding post issue | 24,533,050 |
| Market Maker portion | 336,000 shares |
Marine Electricals IPO Reservation
Marine Electricals IPO offers 6,496,000 shares. 3,080,000 (47.41%) to NII, 3,080,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 336,000 (5.17%) |
| NII (HNI) Shares Offered | 3,080,000 (47.41%) |
| Retail Shares Offered | 3,080,000 (47.41%) |
| Total Shares Offered | 6,496,000 (100%) |
Marine Electricals IPO Timeline (Tentative Schedule)
Marine Electricals IPO opens on September 28, 2018, and closes on October 3, 2018.
| IPO Open Date | Friday, September 28, 2018 |
| IPO Close Date | Wednesday, October 3, 2018 |
| Basis of Allotment | Monday, October 8, 2018 |
| Initiation of Refunds | Tuesday, October 9, 2018 |
| Credit of Shares to Demat | Wednesday, October 10, 2018 |
| Listing Date | Thursday, October 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2018 |
Marine Electricals IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| Lot Size Calculator | |||
About Marine Electricals (India) Limited
Incorporated in 2007, Mumbai based Marine Electricals (India) Limited is a company engaged in the business of providing Integrated Electrical and Automation Solutions. The company deals in comprehensive electrical solution across industries with a significant presence in the Marine sector (Indian Navy, Commercial Shipbuilding) and Non-Marine sector (Data Centre, Building Management Systems, Industrial etc).
Marine Electricals provides solutions in Low Voltage, Medium Voltage and Industrial Automation and has built business relationships with global names like Schneider Electric, Siemens and GE.
The company has 2 manufacturing facilities in South Goa.
The Company's revenue from operations increased at a CAGR of 15.84% from 2013-14 to 2017-18.
The EBITDA has increased at a CAGR of 16.88% between 2013-14 to 2017-18.
There are 305 employees on the payrolls of the company.
Company Financials
| 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 | 35.462.81 | 22,701.42 | 14,909.88 | 14,329.18 | 12,083.67 | |
| Total Revenue | 38,345.64 | 22,365.03 | 25,169.27 | 23,839.14 | 21,485.60 | |
| Profit After Tax | 1,625.95 | 1,079.92 | 935.10 | 850.34 | 1,421.17 | |
| 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 | 792.60 | 552.54 | 683.68 | |
Objects of the Issue (Marine Electricals IPO Objectives)
The objects of the issue are-
1. Raise funds for Working Capital Requirements and;
2. General Corporate Purposes
Marine Electricals IPO Review (Apply)
[Dilip Davda]
Issue is attractively priced; its client list has marquee customers. The only concern is the LM that has poor track record. Investors may consider investment for medium to long term.
Read detail review...
Marine Electricals IPO Subscription Status (Bidding Detail)
The Marine Electricals IPO is subscribed 1.23 times on October 3, 2018 5:00:00 PM. The public issue subscribed 0.43 times in the retail category, times in the QIB category, and 2.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.04 |
| Retail | 0.43 |
| Total | 1.23 |
Marine Electricals IPO Prospectus
Marine Electricals IPO Rating
55
3.8
Rating:
Vote Here ...
- 1
- 2
- 3
- 4
- 5
Marine Electricals IPO Listing Details
| Listing Date | October 11, 2018 |
| BSE Script Code | |
| NSE Symbol | MARINE |
| ISIN | INE01JE01010 |
| Final Issue Price | ₹66 per share |
Listing Day Trading Information
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹66.00 |
| ₹66.60 |
| ₹66.50 |
| ₹66.90 |
| ₹66.60 |
Check IPO Performance…
Marine Electricals (India) Limited Contact Details
Marine Electricals (India) Limited
B/1, Udyog Sadan No.3,
MIDC, Andheri (E),
Mumbai - 400 093
Phone: +91 22 4033 4300
Email: info@marineelectricals.com
Website: http://www.marineelectricals.com/
Marine Electricals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Marine Electricals IPO - Buy or Not
Marine Electricals IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 0 | 0 | 0 |
Read All ReviewsPost Your Review Manage Reviews
Marine Electricals IPO Lead Manager(s)
- Aryaman Financial Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager PerformanceTracker
SME IPO Enquiry
SME Company Owners
We could help you get listed on the stock market.
Contact us Today
Check our SME IPO Guide 
Marine Electricals IPO FAQs
Marine Electricals IPO is a SME IPO of 6,496,000 equity shares of the face value of ₹10 aggregating up to ₹42.87 Crores. The issue is priced at ₹64 to ₹66 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 28, 2018, and closes on October 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Marine Electricals IPO opens on September 28, 2018 and closes on October 3, 2018.
Marine Electricals IPO lot size is 2000 Shares, and the minimum amount required is ₹132,000.
You can apply in Marine Electricals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Marine Electricals IPO will be done on Monday, October 8, 2018, and the allotted shares will be credited to your demat account by Wednesday, October 10, 2018. Check the Marine Electricals IPO allotment status.
The Marine Electricals IPO listing date is on October 11, 2018.
Marine Electricals IPO Message Board
Ranked Members | Members with Most Likes
14 Comments
Stock Discussion
11.RT| Link| Bookmark|October 30, 2018 6:40:07 PM
Now it is flying ...
10.RT| Link| Bookmark|October 4, 2018 10:06:57 AM
Applied 2 applications looking towards strong financials of the company.
Good knows what will happen ?
9.Singh Waheguru| Link| Bookmark|October 3, 2018 4:08:41 PM
Any body applying for Marine ipos...as p.f yr is vry strong
but subscription is not upto the mark....
8.RT| Link| Bookmark|October 3, 2018 12:09:09 PM
Will it be fruitful applying this SME IPO ?
7.S.D| Link| Bookmark|October 3, 2018 11:22:53 AM
This isssue seems to be all cornered by close entities with some internal terms and conditions... Listing will be around 75/77. Can definately apply for Listing gains... Will not list below 63/64...
6.Hiteshji| Link| Bookmark|October 2, 2018 7:08:03 PM
IPO Mentor (700+ Posts, 400+ Likes)
Avoid all sme ipos till nov.
5.GrowYourMoney| Link| Bookmark|September 27, 2018 5:17:36 PM
Top Contributor (400+ Posts, 400+ Likes)
Jaane kya hoga Rama Re...
Big IPO in distressed Market...
4.Carn Mohan| Link| Bookmark|September 27, 2018 1:11:19 PM IPO Mentor (1200+ Posts, 400+ Likes)
Fundamentals and technical very strong must apply.
3.GGG Invest| Link| Bookmark|September 26, 2018 1:54:02 PM
Pros:
- Largest partner of Schneider in India - rather Asia (recently won award)
- Old company with 40 years track record
- They do work for electrical panel, radar for marine. Ordering by Indian Navy has been very strong last year. Should help the company
- Data Centres are customers
- Attractive Valuation...
- 100% pre-IPO equity held by promoters
Cons:
- Working capital looks on the higher side
2.CPHArun| Link| Bookmark|September 26, 2018 2:04:02 AM
This is a must must must buy for long term.
Fundamentals looks so good and their key portfolio is a niche play in Marine. They also venturing in wind & solar sector, bidding for sizeable projects. Also reading RHP, given their key work is in electrical automation, they also look to venture into EV space.
They have lot of good partnership with likes of Schneider electric.
Recently, as 2 weeks back were participating in Martitime world conference in Hamburg & won a award for EMEA region...
Financials & valuation also looks good.
They even have a properly updated Linkedin page, where their work is detailed and very informative.
https://www.linkedin.com/company/marineelectricals/
1.Aniketiaf| Link| Bookmark|September 20, 2018 2:45:37 PM
IPO Guru (1800+ Posts, 10200+ Likes)
It's looking good at a first glance.....
Load more comments (1 replies)
1.2.RAJAKUMAR| Link| Bookmark|September 26, 2018 1:35:15 AM(1400+ Posts, 1200+ Likes)
Yes. Good company. It needs good subscription.
1.3.RAJAKUMAR| Link| Bookmark|September 26, 2018 1:36:06 AM(1400+ Posts, 1200+ Likes)
Issue size is little bit high. (42 Cr)
Stock Discussion
Check Messages by Ranked Members
Find Marine Electricals IPO Latest Update
- Marine Electricals IPO Review
- Marine Electricals IPO Live Subscription
- Marine Electricals IPO Live News
- Marine Electricals IPO Allotment Status
- Marine Electricals IPO Basis of Allotment Document
- Marine Electricals IPO FAQs
Useful Articles
- Top 10 Discount Brokers | Top 10 Full-Service Brokers
- HUF Account Basics Explained (Bank, Demat and TradingAccount)
- List of All Articles...
Compare IPOs with Marine Electricals IPO
- Shubham Polyspin IPO vs Marine Electricals IPO
- Dolfin Rubbers IPO vs Marine Electricals IPO
- Vinny Overseas IPO vs Marine Electricals IPO
- Kritika Wires IPO vs Marine Electricals IPO
- Silgo Retail IPO vs Marine Electricals IPO
- Parin Furniture IPO vs Marine Electricals IPO
- Rajnandini Metal IPO vs Marine Electricals IPO
- Mindpool Technologies IPO vs Marine Electricals IPO
- A1 Acid IPO vs Marine Electricals IPO
- Innovative Ideals IPO vs Marine Electricals IPO
By Popular Stock Brokers
Kotak Securities
(Trade Free Plan)
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
CONTACT US
SITEMAP
ADVERTISE WITH US
ABOUT US
Best Discount Broker in India
Zerodha (₹20 per Trade)
Upstox (₹20 per Trade)
Angel One (₹20 per Trade)
Nuvama Wealth (₹10 per Trade)
5Paisa (₹20 per Trade)
ProStocks (₹899 Unlimited)
Best Full-Service Brokers in India
Angel One
Kotak Securities
Nuvama Wealth
ICICI Direct
Motilal Oswal
Unlimited Monthly Trading Plans
Prostocks (₹899 Unlimited)
SAS Online (₹999 Unlimited)
Tradeplus
Compare Share Broker in India
Zerodha Vs Upstox
Nuvama Vs Zerodha
ICICI Direct Vs HDFC Sec
Zerodha Vs 5Paisa
Zerodha Vs ProStocks
Download Mobile App
Disclaimer and Privacy Statement.
© 2023 Chittorgarh Infotech Pvt Ltd. All Rights Reserved.
