Incorporated in 1994, Punjab based Marshall Machines Limited is a company engaged in the business of developing, manufacturing and marketing of Machine Tool Equipment. The company is among first Indian CNC Machine manufacturers.
The company manufactures a wide range of CNC Turning Centers including its Patented Double Spindle CNC Turning Centers. It provides complete machining solutions to manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, Bushes, etc. The company's customer list includes GNA, USHA, HERO HONDA, HAVELLS, ROCKMAN, AMTEK AUTO etc.
Marshall Machines has an IoTQ and super-optimized machine technology demonstartion center at IMT Gurugram, Haryana. It also has 2 R&D denters in Ludhiana. The centers are focussed on development of super-optimized machines and smart automated machine tool cells.
The company has 256 permanent employees on its payroll.
The promoters of the company are Gaurav Sarup and Prashant Sarup.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||500.30||110.49||41.53||24.96||58.76|
The Objects Of The Issue are-
1. Capacity Augmentation
2. Upgradation of existing R&D and IOTQ centers
3. Establishment of new IOTQ centers
4. Working Capital Requirements
5. General Corporate Purpose
6. Issue Expenses
|Issue Open||Aug 28, 2018 - Aug 30, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||3,870,000 Eq Shares of Rs 10 |
(aggregating up to Rs 16.25 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 42 Per Equity Share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||NSE SME|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Aug 30, 2018 17:30
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