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Marine Electricals (India) Limited IPO (Marine Electricals IPO) Detail

Sep 28, 2018 - Oct 3, 2018

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.

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Company Promoters:

The promoters of the company are-

1. Mr. Vinay Uchil (Individual Promoter)
2. Mr. Venkatesh Uchil (Individual Promoter)
3. KDU Enterprises Private Limited (Corporate Promoter)

KDU Enterprises Private Limited (KEPL) is a Mumbai based company promoted by Mr. Vinay Uchil and Venkatesh Uchil.

Company Financials:

Summary of financial Information (Restated Consolidated)
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
Summary of financial Information (Restated Standalone)
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:

The objects of the issue are-

1. Raise funds for Working Capital Requirements and;
2. General Corporate Purposes

Marine Electricals IPO Details

IPO Opening Date Sep 28, 2018
IPO Closing Date Oct 3, 2018
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹64 to ₹66 per equity share
Market Lot 2000 Shares
Min Order Quantity 2000 Shares
Listing At NSE SME
Issue Size6,496,000 Eq Shares of ₹10
(aggregating up to ₹42.87 Cr)

Marine Electricals IPO Tentative Timetable

The Marine Electricals IPO open date is Sep 28, 2018, and the close date is Oct 3, 2018. The issue may list on Oct 11, 2018.

IPO Open Date Sep 28, 2018
IPO Close Date Oct 3, 2018
Basis of Allotment Date Oct 8, 2018
Initiation of Refunds Oct 9, 2018
Credit of Shares to Demat Account Oct 10, 2018
IPO Listing Date Oct 11, 2018

Marine Electricals IPO Lot Size

The Marine Electricals IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹132,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 2000 ₹132,000
Maximum 1 2000 ₹132,000

Marine Electricals IPO Review

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 10/3/2018 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)

CategorySubscription (times)
NII2.04
Retail0.43
Total1.23

Marine Electricals IPO Prospectus

Marine Electricals IPO Rating

55
3.8
Rating:Rated 3.8 stars
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Marine Electricals IPO Listing Date

Listing Date Thursday, October 11, 2018
BSE Script Code
NSE Symbol MARINE
Listing In
ISIN INE01JE01010
IPO Price ₹66 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹66.00
Open: ₹66.60
Low: ₹66.50
High: ₹66.90
Last Trade: ₹66.60

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: http://www.bigshareonline.com

Marine Electricals IPO Reviews / Ratings

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 equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Sep 28, 2018, and closes on Oct 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 Sep 28, 2018 and closes on Oct 3, 2018.

Marine Electricals IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Marine Electricals IPO will be done on Oct 8, 2018, and the allotted shares will be credited to your demat account by Oct 10, 2018. Check the Marine Electricals IPO allotment status.

The Marine Electricals IPO listing date is on Thursday, October 11, 2018.

Marine Electricals IPO Message Board

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14 Comments

11. RT |Oct 30, 2018 7:40:07 PM
Now it is flying ...
10. RT |Oct 4, 2018 11:06:57 AM
Applied 2 applications looking towards strong financials of the company.

Good knows what will happen ?
9. Singh Waheguru |Oct 3, 2018 5:08:41 PM
Any body applying for Marine ipos...as p.f yr is vry strong
but subscription is not upto the mark....
8. RT |Oct 3, 2018 1:09:09 PM
Will it be fruitful applying this SME IPO ?
7. S.D |Oct 3, 2018 12:22:53 PM
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 |Oct 2, 2018 8:08:03 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Avoid all sme ipos till nov.
5. GrowYourMoney |Sep 27, 2018 6:17:36 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Jaane kya hoga Rama Re...
Big IPO in distressed Market...
4. Carn Mohan |Sep 27, 2018 2:11:19 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Fundamentals and technical very strong must apply.
3. GGG Invest |Sep 26, 2018 2:54:02 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 |Sep 26, 2018 3:04:02 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 |Sep 20, 2018 3:45:37 PM
IPO Guru IPO Guru (1600+ Posts, 9300+ Likes)
It's looking good at a first glance.....
1.2. RAJAKUMAR |Sep 26, 2018 2:35:15 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Yes. Good company. It needs good subscription.
1.3. RAJAKUMAR |Sep 26, 2018 2:36:06 AM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Issue size is little bit high. (42 Cr)