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Incorporated in 1996, Marvel Decor Limited designs, manufactures, and sells a range of window covering products under the Marvel brand name in India and internationally. They offers roller, roman, vertical, bamboo, wooden venetian, luzon, grayson, eton, patricia, aric, colby, meliso, dorren, and sierra blinds; and curtain rods, and automation products and tracks.
They are producing about 810 components of different type, size and colors as per customer requirement. They make 14 types of blinds and more than 900+ shades. One of their manufacturing unit is in Dared, Jamnagar, Gujarat where they manufacture readymade venetian blinds specially for Reliance Refineries and Roller blinds, Bamboo, Vertical and Wooden Venetian blinds supplying to the furnishing stores. In their second manufacturing unit they manufacture Roller, Roman, Luzon and Vertical blinds.
Marvel has marked its presence nationwide having 338 galleries, in 224 cities of 24 states.
The Promoters of the Company are:
1. Mr. Ashok Ramniklal Paun and
2. Mr. Dipak Ramniklal Paun
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,906.55 | 3,387.67 | 3,258.93 | 3,020.63 | 2,360.78 | |
| Total Revenue | 3,015.52 | 2,879.69 | 2,241.06 | 2,773.72 | 2,363.60 | |
| Profit After Tax | 129.66 | 83.61 | 128.50 | 151.34 | 170.34 | |
The object of the issue are to:
1. To meet the working capital requirements of the Company;
2. Repayment of Long-Term Unsecured Loans of Promoters/Directors;
3. General Corporate Purposes;
4. Issue Expenses.
| IPO Opening Date | Mar 12, 2018 |
| IPO Closing Date | Mar 15, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹57 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 4,616,000 Eq Shares of ₹10 (aggregating up to ₹26.26 Cr) |
The Marvel Decor IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹114,000 |
| Maximum | 1 | 2000 | ₹114,000 |
Rs 5 per Equity Share for Employees
The Marvel Decor IPO is subscribed 1.54 times on 3/15/2018 5:00:00 PM. The public issue subscribed 0.80 in the retail category, in the QIB category, and 2.03 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.03 |
| Retail | 0.80 |
| Total | 1.54 |
| Listing Date | Friday, March 23, 2018 |
| BSE Script Code | |
| NSE Symbol | MDL |
| Listing In | |
| ISIN | INE575Z01010 |
| IPO Price | ₹57 per equity share |
| Face Value | ₹10 per equity share |
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Marvel Decor Limited
Plot No 211,
GIDC Phase II,
Dared Jamnagar-361004
Phone: +91 288 2730601/602
Email: info@marvellifestyle.com
Website: http://www.marvellifestyle.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Marvel Decor IPO is a SME IPO of 4,616,000 equity shares of the face value of ₹10 aggregating up to ₹26.26 Crores. The issue is priced at ₹57 per equity share. The minimum order quantity is 2000 Shares.
The IPO opens on Mar 12, 2018, and closes on Mar 15, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Marvel Decor IPO opens on Mar 12, 2018 and closes on Mar 15, 2018.
Marvel Decor IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
You can apply in Marvel Decor 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 Marvel Decor IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Marvel Decor IPO allotment status.
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issue price was 57
It was Firm allotment to RI