Marshall Machines IPO: GMP, Price, Dates, Issue Size 

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Marshall Machines IPO is all set to make its debut on 28th Aug 18 with 16.25 Cr is a company engaged in the business of developing, manufacturing and marketing Machine Tool Equipment.

Marshall Machines IPO – overview 

IPO Dates  28-30 Aug 18 
IPO Price  INR 42 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  3,870,000 shares (INR 16.25 crore) 
Minimum bid (lot size)  3000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

 Marshall Machines IPO – Tentative Dates           

IPO Offer Opening Date  28 Aug 2018 
IPO Closing Date  30 Aug 2018 
Finalization of Basis of Allotment  5 Sept 2018 
Initiation of refunds  6 Sept 2018 
Transfer of shares to demat accounts  6 Sept 2018 
IPO Listing Date  10 Sept 2018 

Company Overview    

Incorporated in 1994, Punjab based Marshall Machines Limited is a company engaged in the business of developing, manufacturing and marketing Machine Tool Equipment. The company is among first Indian CNC Machine manufacturers. 

The company manufactures a wide range of CNC Turning Centers including its Patented Double Spindle CNC Turning Centers. It provides complete machining solutions to manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, Bushes, etc. The company’s customer list includes GNA, USHA, HERO HONDA, HAVELLS, ROCKMAN, AMTEK AUTO etc. 

Marshall Machines has an IoT and super-optimized machine technology demonstration center at IMT Gurugram, Haryana. It also has 2 R&D centers in Ludhiana. The centers are focused on the development of super-optimized machines and smart automated machine tool cells. 

Objects of the Issue 

  • Capacity Augmentation. 
  • Upgradation of existing R&D and IOTQ centers 
  • Establishment of new IOTQ centers 
  • Working Capital Requirements 
  • General Corporate Purpose  
  • Issue Expenses 

Company Financials      

Particulars          31-Mar-18 31-Mar-17 31-Mar-16 
Total Assets          7,964.13 6,503.73 5,935.76 
Total Revenue          5,942.43 5,054.42 4,390.66 
Profit After Tax          500.30 110.49 41.53 

Company Contact Information 

Marshall Machines Limited 
C-86, Phase-V, 
Focal Point, Ludhiana, 
Punjab 141010 
Phone: +91 161 5012406/2407, 

Marshall Machines IPO Registrar 

Bigshare Services Pvt Ltd 
Phone: +91-22-6263 8200 

Marshall Machines IPO Lead Manager(s) 

  1. Sarthi Capital Advisors Private Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 


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