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Marine Electricals (India) Limited IPO
NSE SMERs 1,32,000/- ) / 2000 Shares
IPO Details
Marine Electricals (India) Limited IPO IPO is priced between Rs 64/- to Rs 66/- Per Equity Share, with a face value of Rs 10 per share. The company's equity shares will be listed on the NSE SME, and Bigshare Services Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 28 Sep, 2018, and closed on 3 Oct, 2018. The allotment results will be announced on 9 Oct, 2018, with a tentative listing date set for 11 Oct, 2018.
The total issue comprises 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, amounting to .
Marine Electricals (India) Limited IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Sep 28, 2018 - Oct 3, 2018 | 11 Oct, 2018 | Rs 10 Per Equity Share | Rs 64/- to Rs 66/- Per Equity Share | - | Shares | - | NSE SME |
Marine Electricals (India) Limited IPO 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 LimitedMarket Lot
2000 Shares ( Rs 1,32,000/- )Lead 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 CrRetail Portion
N/ASubscription
75,78,000 1.23 timesIPO Docs
About Company
Marine Electricals (India) Limited IPO 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 |