Marine Electricals IPO

Marine Electricals IPOMarine Electricals IPO Description - Marine Electricals is an integrated electrical and automation solution provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy, Commercial Shipbuilding) and Non Marine sector (Data Centre, Building Management Systems, Industrial etc). The company provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service. The company has business relationships with global electrical players like Schneider Electric, Siemens, GE. Further, it has entered into an agreement with NLC India Limited to provide Solar Power Evacuation system, thus venturing into the renewable energy segment.

The company’s manufacturing facilities are certified as per ISO 9001, ISO 14001, and OHSAS 18001 for the Quality Management system, Environmental Management System and Occupation Health & Safety Management System respectively. Its manufacturing facilities have all the latest CNC bending and turret punching machines to deliver equipment within the demanding tolerances to meet the requirements of latest globally offered panels, this is also supported by its pre-treatment and painting facilities.

Promoters of Marine Electricals – Vinay Uchil,  Venkatesh Uchil and KDU Enterprises Private Limited
Marine Electricals IPO details
Subscription Dates 28 September - 3 October 2018
IPO Price band INR64 - 66 per share
Fresh issue 6,496,000 shares (INR41.57 - 42.87 crore)
Offer for sale Nil
Total IPO size 6,496,000 shares (INR41.57 - 42.87 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working Capital Requirements- INR32 crore
  • General Corporate Purpose
  • Issue Expenses
Marine Electricals' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 214.86 238.39 251.69 273.65 383.46
Total expenses 197.37 226.36 237.49 256.16 360.80
Profit after tax 13.43 7.87 9.21 10.22 15.27
Marine Electricals' Contact Details

Marine Electricals India Limited
B/1, Udyog Sadan No.3,
MIDC, Andheri (E),
Mumbai - 400 093

Phone: +91 22 4033 4300
Email: [email protected]
Website: www.marineelectricals.com

Marine Electricals IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.16
Day 2 0.47
Day 3 1.17

 

Marine Electricals Valuation (For FY2018)

Earnings Per Share (EPS): INR8.67

Price/Earnings (P/E) ratio: 7.38 - 7.61

Return on Net Worth (RONW): 16.24%

Net Asset Value (NAV): INR52.14 per share

Registrar of Marine Electricals IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Marine Electricals IPO Allotment Status

Marine Electricals IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Marine Electricals

IPO Opening Date: 28 September 2018

IPO Closing Date: 3 October 2018

Finalisation of Basis of Allotment: 8 October 2018

Initiation of refunds: 9 October 2018

Transfer of shares to demat accounts: 10 October 2018

Listing Date: 11 October 2018

Listing Price on NSE SME: INR66.6 per share (up 0.91% from IPO price)

Closing Price on NSE SME: INR66.6 per share (up 0.91% from IPO price)

Marine Electricals IPO
4.2 (84%) 5 votes

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