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Marine Electricals IPO Subscription Details (Live Status)

Marine Electricals IPO Details

IPO Open Sep 28, 2018
IPO Close Oct 3, 2018
IPO Price ₹66
Face Value ₹10
IPO Size ₹42.87 Cr
Listing At NSE SME
Lot Size 2000
Open an Instant Account with Zerodha

Marine Electricals IPO Subscription Status Live

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 CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers2.04
Retail Investors0.43
Employees[.]
Others[.]
Total1.23

Marine Electricals IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Sep 28, 2018
0.300.030.17
Day 2
Oct 1, 2018
0.890.110.50
Day 3
Oct 3, 2018
2.040.431.23

Marine Electricals IPO Shares Offered

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.

CategoryShares OfferedAmount (Rs Cr) Size (%)
NII3,080,00020.3350.00%
Retail3,080,00020.3350.00%
Total6,160,00040.66100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    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.

  • Non-Institutional Investors(NII)

    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. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

Marine Electricals IPO Subscription FAQs

The Marine Electricals IPO is subscribed 1.23 by Oct 3, 2018.

Marine Electricals IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional2.04
Retail Individual0.43
Employee Reservations[.]
Others[.]
Total Subscription1.23

Retail category of Marine Electricals IPO subscribed 0.43 times as of date Oct 3, 2018. The public issue closes on Oct 3, 2018 for bidding.

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.

The Marine Electricals IPO listing date is Thursday, October 11, 2018. The equity share of Marine Electricals (India) Limited will list on NSE SME.

Visit Marine Electricals IPO subscription status page for real-time bidding information about Marine Electricals IPO.

Marine Electricals IPO Timetable

IPO Opens OnSep 28, 2018
IPO Closes OnOct 3, 2018
Finalisation of Basis of AllotmentOct 8, 2018
Initiation of RefundsOct 9, 2018
Credit of Shares to Demat AccountOct 10, 2018
IPO Listing DateOct 11, 2018

1 Comments

1. GrowYourMoney  
Marine Sailed through the shore...