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Marshall Machines Limited IPO (Marshall Machines IPO) Detail

August 28, 2018 - August 30, 2018

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.

Marshall Machines IPO Details

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 Size3,870,000 shares
(aggregating up to ₹16.25 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion198,000 shares

Marshall Machines IPO Reservation

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 Offered198,000 (5.12%)
Other Shares Offered1,836,000 (47.44%)
Retail Shares Offered1,836,000 (47.44%)
Total Shares Offered3,870,000 (100%)

Marshall Machines IPO Lot Size

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

About Marshall Machines Limited

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue (Marshall Machines IPO Objectives)

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

Marshall Machines IPO Review (May apply)

[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...

Marshall Machines IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Marshall Machines IPO Prospectus

Marshall Machines IPO Rating

Rating:Rated 3.5 stars
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Marshall Machines IPO Listing Details

Listing Date September 7, 2018
BSE Script Code
Final Issue Price ₹42 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Marshall Machines Limited Contact Details

Marshall Machines Limited
C-86, Phase-V,
Focal Point, Ludhiana,
Punjab 141010
Phone: +91 161 5012406/2407,

Marshall Machines IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Marshall Machines IPO - Buy or Not

Marshall Machines IPO Recommendation Summary

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Members 0 0 0

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Marshall Machines IPO FAQs

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.

The Marshall Machines IPO listing date is on September 7, 2018.
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Marshall Machines IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



77. jignesh.elect |   Link |  Bookmark |September 21, 2018 5:38:18 PM
what to do marshall? sell or hold
76. Jai D. Patel |   Link |  Bookmark |September 19, 2018 9:29:05 AM
Marshal tanked...!!
75. SME BADSHAH |   Link |  Bookmark |September 14, 2018 12:03:17 PM
In Marshall Ashishji Kacholia is having stake.If in Sumit Woods similar big shot would buy stake then it will also would Run like Marshall. Marshall is having Patented Machines. Sumit business is of Redevelopment which any Tom dick & harry can do.You cannot compare even Marshall with Mach Power who is in the same field.Marshall is quite ahead of all the same with unique machines & patented Technology.
74. GrowYourMoney |   Link |  Bookmark |September 14, 2018 9:17:40 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Good to see action in Marshall...
Expecting something in Sumit Woods as well....
One can add with 2 Rs SL...
73. GrowYourMoney |   Link |  Bookmark |September 10, 2018 1:05:55 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Some time sense prevail...
Hope ppl get benefited from it
73.2. GrowYourMoney |   Link |  Bookmark |September 13, 2018 10:03:31 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Congrats Jai Bhai...
Wish u super gains.... ????
73.3. Jai D. Patel |   Link |  Bookmark |September 13, 2018 11:16:07 AM many have you?
72. VIE |   Link |  Bookmark |September 11, 2018 10:40:03 PM (500+ Posts, 500+ Likes)
block deal today buy by ashish kacholia

11-Sep-2018       Marshall Machines Ltd       KACHOLIA ASHISH       BUY       6,99,000       41.88
72.3. VIE |   Link |  Bookmark |September 13, 2018 12:24:17 AM (500+ Posts, 500+ Likes)
it is in Trade for Trade with 5 % circuit limit for 10 trading days.then move to SM category with 20% circuit limit.
I had not applied for this stock as my fund was not unblocked in Dangee Drum IPO.
Both missed.
72.4. Jai D. Patel |   Link |  Bookmark |September 13, 2018 9:22:12 AM
71. GrowYourMoney |   Link |  Bookmark |September 13, 2018 12:23:45 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Jai Bhai,
In few occasions one should read between the lines,
Sometimes it's not possible to draw perfect pictures...
71.1. Jai D. Patel |   Link |  Bookmark |September 13, 2018 9:21:43 AM
70. GrowYourMoney |   Link |  Bookmark |September 13, 2018 8:08:35 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Good to have Marshall in Portfolio, planning to add more..
Have Sumit Woods, will add more too...
69. GrowYourMoney |   Link |  Bookmark |September 12, 2018 5:51:58 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
When in red, I already indicated that it will rise, now you all know the reason...
69.1. Jai D. Patel |   Link |  Bookmark |September 12, 2018 8:20:57 PM
If you give statement with reason then it will be beneficial to us...
68. GrowYourMoney |   Link |  Bookmark |September 9, 2018 5:54:12 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
May regain IPO price soon...
68.2. Small Investor |   Link |  Bookmark |September 10, 2018 10:15:29 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
lg gya Up Circuit
68.3. kingsuper |   Link |  Bookmark |September 10, 2018 11:43:49 AM
No Hni Or Big investors sold any thing....It can be Continues Buyer Cuircuit
67. Devendrap |   Link |  Bookmark |September 7, 2018 1:16:49 PM
What's today upper and lower limit
67.1. Jai D. Patel |   Link |  Bookmark |September 7, 2018 1:27:56 PM
opened - 37.45
low - 35.6
up - 39.3
66. gala |   Link |  Bookmark |September 7, 2018 10:58:15 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
May settle arnd 40 at the end of the day retailers must not panic
66.1. Jai D. Patel |   Link |  Bookmark |September 7, 2018 1:02:09 PM
39.3 is the limit due to 5% circuit restriction... 3.5L bids open right now and no offer. one bulk buyer is there at 39.3.
66.2. Jai D. Patel |   Link |  Bookmark |September 7, 2018 1:05:03 PM
trading volume - 156000
65. gala |   Link |  Bookmark |September 7, 2018 10:20:39 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Pullback at end possible a trend normally seen in sarthi IPOs
64. gala |   Link |  Bookmark |September 7, 2018 10:15:36 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Will have solid impact on Lagnam subscription
63. GrowYourMoney |   Link |  Bookmark |September 7, 2018 9:55:34 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Unexpectedly poor listing
62. Splendid |   Link |  Bookmark |September 7, 2018 9:53:40 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
There is nothing like fundamental now.. Apply only those ipo which gets higher subscription. Look at Dangee Dums all said that its worst company but its still in UC.
61. Hiteshji |   Link |  Bookmark |September 7, 2018 9:51:26 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Disaster listing...
Unexpected listing....
60. RAJAKUMAR |   Link |  Bookmark |September 7, 2018 9:47:45 AM (1400+ Posts, 1200+ Likes)
Discover price is 37.45. 10% lower than the issue price. Now sme stocks again in pathetic mood. Powerful tech already tank 40%.
59. RAJAKUMAR |   Link |  Bookmark |September 7, 2018 9:32:04 AM (1400+ Posts, 1200+ Likes)
It may be open negative
58. Shah bhupesh chunilal |   Link |  Bookmark |September 7, 2018 6:38:54 AM (200+ Posts)
Listings today expected 10% gain