Incorporated in 1996, Marvel Decor Limited designs, manufactures, and sells a range of window covering products under the Marvel brand name in India and internationally. They offers roller, roman, vertical, bamboo, wooden venetian, luzon, grayson, eton, patricia, aric, colby, meliso, dorren, and sierra blinds; and curtain rods, and automation products and tracks.
They are producing about 810 components of different type, size and colors as per customer requirement. They make 14 types of blinds and more than 900+ shades. One of their manufacturing unit is in Dared, Jamnagar, Gujarat where they manufacture readymade venetian blinds specially for Reliance Refineries and Roller blinds, Bamboo, Vertical and Wooden Venetian blinds supplying to the furnishing stores. In their second manufacturing unit they manufacture Roller, Roman, Luzon and Vertical blinds.
Marvel has marked its presence nationwide having 338 galleries, in 224 cities of 24 states.
The Promoters of the Company are:
1. Mr. Ashok Ramniklal Paun and
2. Mr. Dipak Ramniklal Paun
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||129.66||83.61||128.50||151.34||170.34|
The object of the issue are to:
1. To meet the working capital requirements of the Company;
2. Repayment of Long-Term Unsecured Loans of Promoters/Directors;
3. General Corporate Purposes;
4. Issue Expenses.
»» Issue Open: Mar 12, 2018 - Mar 15, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 4,616,000 Equity Shares of Rs 10 aggregating up to Rs 26.26 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 57 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: NSE SME
Rs 5 per Equity Share for Employees
Marvel Decor IPO Subscription Status tells if Marvel Decor IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Marvel Decor IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Employee||Others||Total|
|Shares Offered / Reserved||0||2,190,000||2,190,000||0||236,000||4,616,000|
|Day 1 - Mar 12, 2018 17:00 IST||0||678,000||44,000||-||-||724,000|
|Day 2 - Mar 13, 2018 17:00 IST||0||1,088,000||120,000||4,000||-||1,212,000|
|Day 3 - Mar 14, 2018 17:00 IST||0||1,804,000||262,000||28,000||-||2,094,000|
|Day 4 - Mar 15, 2018 17:00 IST||472,000||4,442,000||1,760,000||-||-||6,744,000|
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