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Marine Electricals (India) Limited IPO
NSE SMERs 1,32,000/- ) / 2000 Shares
Marine Electricals (India) Limited IPO Details
The Marine Electricals (India) Limited IPO price band is set between Rs 64/- to Rs 66/- Per Equity Share, with a face value of Rs 10 per share. The issue is managed by Bigshare Services Private Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 28 Sep, 2018 and closes on 3 Oct, 2018. Investors can check the allotment status on 9 Oct, 2018, while the listing date is tentatively scheduled for 11 Oct, 2018.
The total issue size is Fresh Issue of 64,96,000 Equity Shares of Rs 10/- at a price of Rs 64/- to Rs 66/- per share aggregating to Rs 42.87 Cr, aggregating up to . Stay tuned for the latest Marine Electricals (India) Limited IPO review and GMP updates.
Marine Electricals (India) Limited IPO Review, Rating & Analysis
Marine Electricals (India) Limited IPO Review
NO REVIEWMarine Electricals (India) Limited IPO Rating
Marine Electricals (India) Limited IPO Highlights
IPO Date
Sep 28, 2018 - Oct 3, 2018
Listing Date
11 Oct, 2018
Face Value
Rs 10 Per Equity Share
Price Band
Rs 64/- to Rs 66/- Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Marine Electricals (India) Limited IPO Lot Size
The minimum market lot for Marine Electricals (India) Limited IPO is 2000 shares with an application amount of ₹1,32,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,32,000 |
| Retail (Max) | 1 | 2000 | ₹1,32,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,64,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 16000 | ₹10,56,000 |
Marine Electricals (India) Limited IPO Timeline
Issue Price
Rs 64/- to Rs 66/- Per Equity ShareFace Value
Rs 10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Private LimitedLead Manager
Aryaman Financial Services LimitedIssue Size
Fresh Issue of 64,96,000 Equity Shares of Rs 10/- at a price of Rs 64/- to Rs 66/- per share aggregating to Rs 42.87 CrPromoters & Share Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Marine Electricals (India) Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 30,80,000 | 30,80,000 | 61,60,000 |
Day 1 -28-09-18 | 9,38,000 0.30 x | 82,000 0.03 x | 10,20,000 0.17 x |
Day 2 -01-09-18 | 27,26,000 0.89 x | 3,34,000 0.11 x | 30,60,000 0.50 x |
Day 3 -03-09-18 | 62,68,000 2.04 x | 13,10,000 0.43 x | 75,78,000 1.23 x |
Frequently Asked Questions about Marine Electricals (India) Limited IPO IPO
When will Marine Electricals (India) Limited IPO open for subscription?
The Marine Electricals (India) Limited IPO opens on 28 Sep, 2018 and closes on 3 Oct, 2018.
What is the investors portion for Marine Electricals (India) Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 3080000.
How to apply for Marine Electricals (India) Limited IPO?
You can apply for Marine Electricals (India) Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Marine Electricals (India) Limited IPO?
The issue size of Marine Electricals (India) Limited IPO is approx ₹Fresh Issue of 64,96,000 Equity Shares of Rs 10/- at a price of Rs 64/- to Rs 66/- per share aggregating to Rs 42.87 Cr crores.
What is the price band of Marine Electricals (India) Limited IPO?
The price band for Marine Electricals (India) Limited IPO is Rs 64/ to ₹ to Rs 66/.
What is the lot size of Marine Electricals (India) Limited IPO?
The minimum bid (lot size) for Marine Electricals (India) Limited IPO is 2000 shares with an investment of approx Rs 1,32,000/- ) .
What is the allotment date of Marine Electricals (India) Limited IPO?
The allotment date for Marine Electricals (India) Limited IPO is 9 Oct, 2018.
What is the listing date of Marine Electricals (India) Limited IPO?
The listing date for Marine Electricals (India) Limited IPO is expected to be 11 Oct, 2018.
What is the GMP of Marine Electricals (India) Limited IPO?
The latest Grey Market Premium (GMP) for Marine Electricals (India) Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.