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.

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 DateSep 28, 2018 - Oct 3, 2018
Issue TypeBook Built Issue IPO
Issue Size6,496,000 Eq Shares of ₹10
(aggregating up to ₹42.87 Cr)
Face Value₹10 per equity share
IPO Price₹64 to ₹66 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Marine Electricals IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 28, 2018
Bid/Offer Closes OnOct 3, 2018
Finalisation of Basis of AllotmentOct 8, 2018
Initiation of RefundsOct 9, 2018
Credit of Shares to Demat AcctOct 10, 2018
IPO Shares Listing DateOct 11, 2018

Marine Electricals IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹132,000
Maximum12000₹132,000

Marine Electricals IPO Subscription Status (Bidding Detail)

Marine Electricals IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

3,080,000

3,080,000

6,160,000

Oct 3, 2018 17:00

2.04x

0.43x

1.23x

Marine Electricals IPO Prospectus

Marine Electricals IPO Rating

55
3.8
Rating:Rated 3.8 stars

Vote Here ...

Marine Electricals IPO Listing Date

Listing DateThursday, October 11, 2018
BSE Script Code
NSE SymbolMARINE
Listing In
ISININE01JE01010
IPO Price₹66 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹66.00
Open:₹66.60
Low:₹66.50
High:₹66.90
Last Trade:₹66.60
Volume:1,272,000

Marine Electricals IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Marine Electricals IPO FAQs

  1. What is Marine Electricals IPO?

    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.

  2. When Marine Electricals IPO will open?

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

  3. What is the lot size of Marine Electricals IPO?

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

  4. How to apply for Marine Electricals IPO?

    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, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Marine Electricals IPO allotment?

    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.

  6. When is Marine Electricals IPO listing date?

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

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Marine Electricals IPO Review / Comments

RT
11. RT  Oct 30, 2018 18:40
Now it is flying ...
RT
10. RT  Oct 4, 2018 10:06
Applied 2 applications looking towards strong financials of the company.

Good knows what will happen ?
Singh Waheguru
9. Singh Waheguru  Oct 3, 2018 16:08
Any body applying for Marine ipos...as p.f yr is vry strong
but subscription is not upto the mark....
RT
8. RT  Oct 3, 2018 12:09
Will it be fruitful applying this SME IPO ?
S.D
7. S.D  Oct 3, 2018 11:22
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...
Hiteshji
6. Hiteshji  Oct 2, 2018 19:08
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Avoid all sme ipos till nov.
GrowYourMoney
5. GrowYourMoney  Sep 27, 2018 17:17
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Jaane kya hoga Rama Re...
Big IPO in distressed Market...
Carn Mohan
4. Carn Mohan  Sep 27, 2018 13:11
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Fundamentals and technical very strong must apply.
GGG Invest
3. GGG Invest  Sep 26, 2018 13:54
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
CPHArun
2. CPHArun  Sep 26, 2018 02:04
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/
Aniketiaf
1. Aniketiaf  Sep 20, 2018 14:45
IPO Guru IPO Guru (1000+ Posts, 6400+ Likes)
It's looking good at a first glance.....
RAJAKUMAR
12.2. RAJAKUMAR  Sep 26, 2018 01:35
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Yes. Good company. It needs good subscription.
RAJAKUMAR
12.3. RAJAKUMAR  Sep 26, 2018 01:36
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Issue size is little bit high. (42 Cr)







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