IPO Synopsis
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Marine Electricals (India) Ltd
Registered Office:
B/1 Udyog Sadan No 3,MIDC Andheri (East),
Mumbai - 400093,
Maharashtra, India.
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
Money Payable On
Opens On
Closes On
Application
Allotment
28-Sep-18
03-Oct-18
66.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
42.87
Aryaman Financial Services Ltd
Project Financed through Current Offer
42.87
 
Post Issue Equity Share Capital
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
Bigshare Services Pvt Ltd
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