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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.
| 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 Size | 4,616,000 shares (aggregating up to ₹26.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 236,000 shares |
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 Offered | 236,000 (4.86%) |
| Other Shares Offered | 2,190,000 (45.14%) |
| Retail Shares Offered | 2,190,000 (45.14%) | Other Shares Offered | 236,000 (4.86%) |
| Total Shares Offered | 4,852,000 (100%) |
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 | |||
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.
| 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.
[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...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)
| Category | Subscription (times) |
|---|---|
| Other | 2.03 |
| Retail | 0.80 |
| Total | 1.54 |
Rs 5 per Equity Share for Employees
| Listing Date | March 23, 2018 |
| BSE Script Code | |
| NSE Symbol | MDL |
| ISIN | INE575Z01010 |
| Final Issue Price | ₹57 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹57.00 |
| ₹57.75 |
| ₹51.00 |
| ₹59.00 |
| ₹57.85 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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.
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RHP
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issue price was 57
It was Firm allotment to RI