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Marvel Decor Limited IPO (Marvel Decor IPO) Detail

March 12, 2018 - March 15, 2018

Marvel Decor IPO is a fixed price issue of Rs 26.26 crores.

Marvel Decor IPO bidding started from March 12, 2018 and ended on March 15, 2018. The shares got listed on NSE SME on March 23, 2018.

Marvel Decor IPO price is ₹57 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹114,000.

Sarthi Capital Advisors Private Limited is the book running lead manager of the Marvel Decor IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Marvel Decor IPO RHP for detailed information.

Marvel Decor IPO Details

IPO Date March 12, 2018 to March 15, 2018
Listing Date March 23, 2018
Face Value ₹10 per share
Price ₹57 per share
Lot Size 2000 Shares
Total Issue Size4,616,000 shares
(aggregating up to ₹26.26 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion236,000 shares

Marvel Decor IPO Reservation

Marvel Decor IPO a total of 4,852,000 shares are offered. NII: 2,190,000 (45.14%), RII: 2,190,000 (45.14%).

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered236,000 (4.86%)
Other Shares Offered2,190,000 (45.14%)
Retail Shares Offered2,190,000 (45.14%)
Other Shares Offered236,000 (4.86%)
Total Shares Offered4,852,000 (100%)

Marvel Decor IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹114,000
Retail (Max) 1 2000 ₹114,000
Lot Size Calculator

About Marvel Decor Limited

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.

Company Financials

Summary of financial Information (Restated Standalone)
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

Objects of the Issue (Marvel Decor IPO Objectives)

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.

Marvel Decor IPO Review (May apply)

[Dilip Davda]  

  Company has made five bonus issues and coffers are empty. Pricing appears aggressive. Equity more than trebled post FY17. Considering all these, investors may consider investment at their own risk.

Read detail review...

Marvel Decor IPO Subscription Status (Bidding Detail)

The Marvel Decor IPO is subscribed 1.54 times on Mar 15, 2018 5:00:00 PM. The public issue subscribed 0.80 times in the retail category, times in the QIB category, and 2.03 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Employee Discount

Rs 5 per Equity Share for Employees

Marvel Decor IPO Prospectus

Marvel Decor IPO Rating

Rating:Rated 3.9 stars
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Marvel Decor IPO Listing Details

Listing Date March 23, 2018
BSE Script Code
NSE Symbol MDL
ISIN INE575Z01010
Final Issue Price ₹57 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Marvel Decor IPO Contact Details

Marvel Decor Limited
Plot No 211,
GIDC Phase II,
Dared Jamnagar-361004
Phone: +91 288 2730601/602

Marvel Decor IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Marvel Decor IPO - Buy or Not

Marvel Decor IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Marvel Decor IPO FAQs

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 share. The minimum order quantity is 2000 Shares.

The IPO opens on March 12, 2018, and closes on March 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 March 12, 2018 and closes on March 15, 2018.

Marvel Decor IPO lot size is 2000 Shares, and the minimum amount required is ₹114,000.

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, Nuvama, 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.

The Marvel Decor IPO listing date is on March 23, 2018.
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Marvel Decor IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



11. SAJAL SHETH |   Link |Mar 23, 2018 9:44:43 AM
OPEN @57.75
issue price was 57

It was Firm allotment to RI
10. Dipesh Zala |   Link |Mar 22, 2018 9:41:30 AM
When is the Listing?
9. SAJAL SHETH |   Link |Mar 21, 2018 12:00:38 PM
8. Wealth & Fund Advisors |   Link |Mar 12, 2018 1:07:25 PM
This company is a futuristic value added scrip....must apply and keep for minimim 3 years for multiple times gains.

Promoters n issue managers are smart, so they have mentioned issue purpose as bad as they can (like repayment of unsecured loans), so public will not apply...

Pls dont be misguided by these tricks...and apply in retail category, maximum applications.

These companies are trade on turnover basis, not on the basis of past profits or PE....
8.2. AnkurGoel |   Link |Mar 14, 2018 3:36:29 PM
when promoters and issue manager are not interested in public participation then why they are coming with IPO. They should raise money from private equity instead of spending money on hiring investment banker, registrar, and advertising on book building?
8.3. Mastmoula |   Link |Mar 15, 2018 8:34:07 AM
Agar itna hi badhiya hai to issue date kyon extend karna pada. Bhar dete LM apne jeb se issue.
7. DownriteVJ |   Link |Mar 13, 2018 4:56:49 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
6. PearlRohit |   Link |Mar 12, 2018 9:38:14 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Ye Company ne Accumax Interior Products Pvt. Ltd. Nam se Business Start Kiya Tha. Marvel es ki Brand ka Name Hai. Very Good Company. Company Uske Customer se Advance me hi Payment Deposit Karvati Hai. Ye Mera Personal Experience Hai. Company ki Payment Condition Strict Hai. Bahot hi Good Company & Management hai. My Personal Experience.
6.1. SONMAYA |   Link |Mar 12, 2018 6:55:29 PM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
Toh aap hi pura bhar k pura maal le lijiye...
5. Rkg |   Link |Mar 12, 2018 3:00:44 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Risky IPO.
4. DownriteVJ |   Link |Mar 12, 2018 2:39:36 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Marvel Decor
RII 0.01X
Overall 0.15X

Macpower CNC
RII 0.65X
Overall 0.59X

Lex Nimble
RII 0.01X
Overall 0.03X

Active Clothing
RII 0.03X
Overall 0.13X
3. Vaibhav |   Link |Mar 12, 2018 11:06:06 AM
Too much Expensive !!!
Issued at 54 PE
2. khushbir singh |   Link |Mar 11, 2018 6:30:44 PM
Saara maal employees ko hi de doooooooo.
1. Anarchist |   Link |Mar 9, 2018 4:12:53 PM (500+ Posts, 1400+ Likes)
haha !!