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

Issue Open	Sep 28, 2018 - Oct 3, 2018
Issue Type	Book Built Issue IPO
Issue Size	6,496,000 Eq Shares of Rs 10 (aggregating up to Rs 42.87 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 64 - Rs 66 Per Equity Share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	NSE SME

Marine Electricals IPO Tentative Date / Timetable

Bid/Offer Opens On	Sep 28, 2018
Bid/Offer Closes On	Oct 3, 2018
Finalisation of Basis of Allotment	Oct 8, 2018
Initiation of Refunds	Oct 9, 2018
Credit of Shares to Demat Acct:	Oct 10, 2018
IPO Shares Listing Date:	Oct 11, 2018

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

› Red Herring Prospectus

Marine Electricals IPO Rating

3.8

Rating:

Vote Here ...

Marine Electricals IPO Listing Date

Listing Date	Thursday, October 11, 2018
BSE Script Code
NSE Symbol	MARINE
Listing In
ISIN	INE01JE01010
Issue Price	Rs 66 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

	NSE SME
Issue Price:	Rs 66.00
Open:	Rs 66.60
Low:	Rs 66.50
High:	Rs 66.90
Last Trade:	Rs 66.60
Volume:	1,272,000

Marine Electricals IPO Reviews / Ratings

Dilip Davda - Subscribe

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 Lead Manager(s)

Aryaman Financial Services limited

Lead Manager Reports

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Marine Electricals IPO Review / Comments

11. RT Oct 30, 2018 18:40

Now it is flying ...

10. RT Oct 4, 2018 10:06

Applied 2 applications looking towards strong financials of the company.

Good knows what will happen ?

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....

8. RT Oct 3, 2018 12:09

Will it be fruitful applying this SME IPO ?

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...

6. Hiteshji Oct 2, 2018 19:08

Top Contributor (300+ Posts, 200+ Likes)

Avoid all sme ipos till nov.

5. GrowYourMoney Sep 27, 2018 17:17

Top Contributor (200+ Posts, 300+ Likes)

Jaane kya hoga Rama Re...
Big IPO in distressed Market...

4. Carn Mohan Sep 27, 2018 13:11

2 |

IPO Mentor (600+ Posts, 200+ Likes)

Fundamentals and technical very strong must apply.

3. GGG Invest Sep 26, 2018 13:54

1 |

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 02:04

1 |

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 14:45

4 |

IPO Mentor (800+ Posts, 4700+ Likes)

It's looking good at a first glance.....

Load more comments (1 replies)

12.2. RAJAKUMAR Sep 26, 2018 01:35

2 |

IPO Guru (1100+ Posts, 700+ Likes)

Yes. Good company. It needs good subscription.

12.3. RAJAKUMAR Sep 26, 2018 01:36

1 |

IPO Guru (1100+ Posts, 700+ Likes)

Issue size is little bit high. (42 Cr)

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