|
|
| Issue Open | Sep 28, 2018 |
| Issue Close | Oct 3, 2018 |
| IPO Price | ₹66 |
| Face Value | ₹10 |
| IPO Size | ₹42.87 Cr |
| Listing At | NSE SME |
| IPO Lot Size | 2000 |
Marine Electricals IPO subscribed 1.23 times. The public issue subscribed 0.43 times in the retail category, [.] times in QIB, and 2.04 times in the NII category by Oct 3, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 2.04 |
| Retail Investors | 0.43 |
| Employees | [.] |
| Others | [.] |
| Total | 1.23 |
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1 | 0.30 | 0.03 | 0.17 |
Day 2 | 0.89 | 0.11 | 0.50 |
Day 3 | 2.04 | 0.43 | 1.23 |
Marine Electricals IPO is a public issue of 6,160,000 equity shares. The issue offers 3,080,000 shares to retail investors, 0 shares to qualified institutional buyers, and 3,080,000 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| NII | 3,080,000 | 50.00% |
| Retail | 3,080,000 | 50.00% |
| Total | 6,160,000 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Marine Electricals IPO is subscribed 1.23 by Oct 3, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 2.04 |
| Retail Individual | 0.43 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 1.23 |
An investor can apply in Marine Electricals IPO online via bank (using ASBA) or the broker (using UPI). The Marine Electricals IPO shares are offered online only.
The Marine Electricals IPO is subscribed 1.23 by Oct 3, 2018.
The Marine Electricals IPO allotment status is expected on or around Oct 8, 2018. Visit Marine Electricals IPO allotment status to check.
Visit Marine Electricals IPO subscription status page for real-time bidding information about Marine Electricals IPO.
| IPO Opens On | Sep 28, 2018 |
| IPO Closes On | Oct 3, 2018 |
| Finalisation of Basis of Allotment | Oct 8, 2018 |
| Initiation of Refunds | Oct 9, 2018 |
| Credit of Shares to Demat Account | Oct 10, 2018 |
| IPO Listing Date | Oct 11, 2018 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
