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IPO Synopsis

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IPO

Marine Electricals (India) Ltd
Public issue of 64,96,000 equity shares of Rs. 10 each ("equity shares") of Marine Electricals (India) Limited ("meil" or the "company") for cash at a price of Rs. 66 per share (the "issue price"), aggregating to Rs. 42.87 Crores ("the issue"), of which 3,36,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 61,60,000 equity shares of Rs. 10 each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.48% and 25.11%, respectively of the post issue paid up equity share capital of the company. The face value of equity shares of Rs.10 each. The issue price is Rs.66 per equity share, which is 6.6 times of the face value of the equity share.
Issue
Opens On Closes On
28-Sep-18 03-Oct-18
Money Payable On
Application Allotment
66.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 42.87 Aryaman Financial Services Ltd
Project Financed through Current Offer (.Cr) 42.87  
Post Issue Equity Share Capital (.Cr) 24.53
Issue Price () 66.00
Projects
Working Capital Requirements
General Corporate Purposes
Promoted By
Vinay Uchil
Venkatesh Uchil
KDU Enterprises Pvt Ltd
Listing At
NSE - SME
Registrar to the Issue
No Data Available