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Marshall Machines IPO is a fixed price issue of Rs 16.25 crores.
Marshall Machines IPO bidding started from August 28, 2018 and ended on August 30, 2018. The shares got listed on NSE SME on September 7, 2018.
Marshall Machines IPO price is ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Marshall Machines IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Marshall Machines IPO RHP for detailed information.
| IPO Date | August 28, 2018 to August 30, 2018 |
| Listing Date | September 7, 2018 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,870,000 shares (aggregating up to ₹16.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 198,000 shares |
Marshall Machines IPO offers 3,870,000 shares. 1,836,000 (47.44%) to NII, 1,836,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 198,000 (5.12%) |
| Other Shares Offered | 1,836,000 (47.44%) |
| Retail Shares Offered | 1,836,000 (47.44%) |
| Total Shares Offered | 3,870,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| Lot Size Calculator | |||
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.
| 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 | 7,964.13 | 6,503.73 | 5,935.76 | 5,955.71 | 5,270.74 | |
| Total Revenue | 5,942.43 | 5,054.42 | 4,390.66 | 4,257.46 | 3,928.43 | |
| 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
[Dilip Davda]
Company’s track records impressive but raising concern for sustainability of super profits shown for FY18. Looking at expansion plans, investors may consider an investment for the long term.
Read detail review...The Marshall Machines IPO is subscribed 2.25 times on August 30, 2018 5:30:00 PM. The public issue subscribed 1.20 times in the retail category, times in the QIB category, and 2.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.92 |
| Retail | 1.20 |
| Total | 2.25 |
| Listing Date | September 7, 2018 |
| BSE Script Code | |
| NSE Symbol | MARSHALL |
| ISIN | INE00SZ01018 |
| Final Issue Price | ₹42 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹42.00 |
| ₹37.45 |
| ₹35.30 |
| ₹39.30 |
| ₹39.30 |
Marshall Machines Limited
C-86, Phase-V,
Focal Point, Ludhiana,
Punjab 141010
Phone: +91 161 5012406/2407,
Email: gaurav.sarup@marshallcnc.com
Website: http://www.marshallcnc.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Marshall Machines IPO is a SME IPO of 3,870,000 equity shares of the face value of ₹10 aggregating up to ₹16.25 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000 Shares.
The IPO opens on August 28, 2018, and closes on August 30, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Marshall Machines IPO opens on August 28, 2018 and closes on August 30, 2018.
Marshall Machines IPO lot size is 3000 Shares, and the minimum amount required is ₹126,000.
You can apply in Marshall Machines 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Marshall Machines IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Marshall Machines IPO allotment status.
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