Marine Electricals IPO is all set to make its debut on 28th Sept 18 with 42.87 Cr is a company engaged in the business of manufacturing corrugated boxes and corrugated sheets.
Marine Electricals IPO – overview
| IPO Dates | 28th sept – 3rd Oct 2018 |
| IPO Price | INR 40 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 6,496,000 shares (INR 19.99 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Marine Electricals IPO – Tentative Dates
| IPO Offer Opening Date | 27 Sept 2018 |
| IPO Closing Date | 3 Oct 2018 |
| Finalization of Basis of Allotment | 8 Oct 2018 |
| Initiation of refunds | 9 Oct 2018 |
| Transfer of shares to demat accounts | 10 Oct 2018 |
| IPO Listing Date | 11 Oct 2018 |
Company Overview
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.
Objects of the Issue
- Raise funds for Working Capital Requirements.
- General Corporate Purposes
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 35.462.81 | 22,701.42 | 14,909.88 |
| Total Revenue | 38,345.64 | 22,365.03 | 25,169.27 |
| Profit After Tax | 1,625.95 | 1,079.92 | 935.10 |
Company Contact Information
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://www.bigshareonline.com/
Marine Electricals IPO Lead Manager(s)
- Aryaman Financial Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
