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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.
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.
| 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 | |
| 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 | |
The objects of the issue are-
1. Raise funds for Working Capital Requirements and;
2. General Corporate Purposes
| 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 Size | 6,496,000 Eq Shares of ₹10 (aggregating up to ₹42.87 Cr) |
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 |
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 |
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...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)
| Category | Subscription (times) |
|---|---|
| NII | 2.04 |
| Retail | 0.43 |
| Total | 1.23 |
| 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 |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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.
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