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Marine Electricals IPO Dates Review, Price Band, Allotment & Market Lot

Table of Contents

Marine Electricals Limited is incorporated in 2007 based in Mumbai. The company provides integrated electrical and automation solutions. They serve the industries like Marine sector (Indian Navy, Commercial Shipbuilding) and Non-Marine Sector (Data Center, Building Management Systems, Industrial, Etc). They built relationship with overseas names like Schneider Electric, Siemens and GE. They have over 300 employees on payroll. Marine Electricals ipo is starting from 28-September and ends on 03-October. The price band is around Rs.64-66 with 2000 market lot. The ipo size is around 42.87 crore rupees.

IPO Review:

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Marine Electricals IPO Dates & Price Band:

  • IPO Open: 28-September-2018
  • IPO Close: 03-October-2018
  • IPO Size: Approx Rs 42.87 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.64-66 Per Equity Share
  • Listing on: NSE SME
  • Shares: 6,496,000 
  • Retail Portion: 50%

IPO Market Lot:

  • Shares: Apply for 2,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,32,000

IPO Allotment & Listing:

  • Basis of Allotment: 08-October-2018
  • Refunds: 09-October-2018
  • Credit to demat accounts: 10-October-2018
  • Listing: 11-October-2018

Financial Results:

  Rs. in Crore

Marine Electricals IPO Important Links:

Company Promoters:

  • Mr. Vinay Uchil
  • Mr. Venkatesh Uchil
  • KDU Enterprises Private Limited

Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: [email protected]
Website: http://www.bigshareonline.com

IPO Lead Managers:

  • Aryaman Financial Services limited

Company Address:
Marine Electricals India Limited
B/1, Udyog Sadan No.3,
MIDC, Andheri (E),
Mumbai – 400 093
Phone: +91 22 4033 4300
Email: [email protected]
Website: www.marineelectricals.com

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