₹45.63 Crores | Listing at NSE | Wed, Oct 11, 2023 - Thu, Oct 26, 2023
Marshall Machines Limited Rights Issue comprises 1.02 Cr equity shares aggregating to ₹45.63 Cr, offered at an issue price of ₹44.8 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Sep 29, 2023, with the Rights Issue being offered in the entitlement ratio of 7 : 10.
The term of payment is defined as following : The full amount of the Issue Price being ₹ 44.80 will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Oct 11, 2023, and closes on Oct 26, 2023, with renunciation of Rights Entitlements permitted up to Oct 16, 2023.
The deemed date of allotment is Oct 30, 2023, following which the equity shares are expected to be credited to demat accounts on Oct 31, 2023 and listed at the NSE on Nov 6, 2023.
Kunvarji Finstock Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Marshall Machines Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 29, 2023
Entitlement Ratio
7 : 10
Open Date
Wed, Oct 11, 2023
Close Date
Thu, Oct 26, 2023
The full amount of the Issue Price being ₹ 44.80 will be payable on application.
Marshall Machines Limited's revenue decreased by -38.81% and profit after tax (PAT) rose by 121.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 141.29 | 135.34 | 132.78 |
| Revenue | 37.00 | 60.46 | 67.25 |
| Profit After Tax | -6.90 | -3.12 | 0.36 |
| Net Worth | 39.53 | 45.97 | 49.03 |
| Reserves and Surplus | 24.98 | 31.42 | 34.48 |
| Total Borrowing | 45.25 | 40.18 | 40.63 |
| Amount in ₹ Crore | |||
Incorporated in 1961, Marshall Machines Limited provides smart IoT-enabled CNC solutions.
Marshall Machines' product portfolio includes:
The company has deployed over 4,000 machines over 4 decades and has more than 1,500 clients across two customer segments: Institutional and SMEs, with more than 300 committed team members across various functions.
Marshall's clientele is spread across numerous industries, including automobile, consumer durables & appliances, general engineering, and so on.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] MML is in the business of automated solutions for machine tools equipment. For the last three fiscals, it posted deteriorating performance on both top and bottom lines count. Considering the losses reported for the last two fiscals, the issue appears greedily priced. There is no harm in skipping this pricey RI. Read detail review...
Marshall Machines Rights Issue 2023 got subscribed by 0.96 times by the end of the bidding period with total bid quantity received by NSE of 97,69,361 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 26 2023 17:00:09 | 97,69,361 | 0.96x |
Marshall Machines Limited
C-86,
Phase-V,
Focal Point, Ludhiana - 141010
Ludhiana, Punjab, 141010
The Marshall Machines Rights Issue 2023 opens on Wed, Oct 11, 2023, and closes on Thu, Oct 26, 2023.
Marshall Machines Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Oct 16, 2023 |
| Issue Opening Date | Wed, Oct 11, 2023 |
| Issue Closing Date | Thu, Oct 26, 2023 |
| Date of Allotment (on or about) | Mon, Oct 30, 2023 |
| Date of Credit (on or about) | Tue, Oct 31, 2023 |
| Date of Listing (on or about) | Mon, Nov 6, 2023 |
You can apply for Marshall Machines Rights Issue 2023 in two ways:
Steps to apply for Marshall Machines Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Marshall Machines Rights Issue 2023 using Registrar's website (R-WAP)
