Marshall Machines IPO

Marshall Machines IPOBusiness description - Marshall Machines is in the business of developing, manufacturing and marketing of Machine Tool Equipment. The business was originally founded by Mr. Gautam Sarup, who set up the business in the name and style of “Marshall Industries” more than 54 year ago to initially manufacture hosiery machines. In coming years, the business moved to design & manufacture of high precision Bench Lathes, Heavy Duty Lathes & Capstan Lathes. It was amongst first Indian CNC Machine manufacturers and launched CNC Machines way back in 1998.

In 1997, Marshall Industries entered into a technical tie-up with an American Company (M/s Path Wizard Inc.) to export the mechanical & basic electrical elements of CNC Lathes to U.S.A. In 1998, Marshall Industries launched CNC Lathes with Siemens/Fanuc CNC Controls in India during IMTEX-98 Exhibition held at New Delhi and has been manufacturing CNC Lathes since then.

The company’s current aggregate order booking position as on July 19, 2018 is Rs. 5,527.97 lakhs comprising of the various models of machines i.e. Smartcorrect Gauging Station, Automated Machines (Roboturn), Rapidturn, Twin Spindle (Twinturn), Single Spindle (Rigidturn), CAF Series to various customers i.e. Fanuc, Mitsubishi, Siemens etc.

Promoters of Marshall Machines – Mr Gaurav Sarup and Mr Prashant Sarup
Marshall Machines IPO details
Subscription Dates 28 - 30 August 2018
IPO Price band INR42 per share
Fresh issue 3,870,000 shares (INR16.25 crore)
Offer for sale Nil
Total IPO size 3,870,000 shares (INR16.25 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Capacity Augmentation - INR6.23 crore
  • Upgradation of existing R & D Unit and IOTQ Center - INR4.17 crore
  • Establishment of new IOTQ Centers - INR1.10 crore
  • Working Capital Requirements - INR2.50 crore
  • General Corporate Purpose - INR0.25 crore
  • Issue Expenses - INR2.00 crore
Marshall Machines' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 39.3 42.6 43.9 50.5 59.4
Total expenses 38.4 42.2 43.2 48.7 52.0
Profit after tax 0.59 0.25 0.42 1.10 5.00
Marshall Machines' Contact Details

Marshall Machines Limited
C-86, Phase - V
Focal Point
Ludhiana 141010

Phone: +91 161 5012406/2407/9648
Email: [email protected]
Website: www.marshallcnc.com

Marshall Machines IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.43
Day 2 0.54
Day 3 2.06

 

Marshall Machines Valuation (For latest FY)

Earnings Per Share (EPS): INR5.47

Price/Earnings (P/E) ratio: 7.68

Return on Net Worth (RONW): 43.36%

Net Asset Value (NAV): INR12.62 per share

Registrar of Marshall Machines 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

Marshall Machines IPO Allotment Status

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

Listing performance of Marshall Machines

IPO Opening Date: 28 August 2018

IPO Closing Date: 30 August 2018

Listing Date: 7 September 2018

Listing Price on NSE SME: INR37.45 per share (down 10.83% from IPO price)

Closing Price on NSE SME: INR39.30 per share (down 6.43% from IPO price)

Marshall Machines IPO
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2 thoughts on “Marshall Machines IPO

  • August 27, 2018 at 8:22 PM
    Permalink

    Is the Marshall machine cnc company have I S O certified .Pl comment on it.

    Reply
  • August 27, 2018 at 8:18 PM
    Permalink

    Is the machine cnc company have I S O certified .Pl comment on it.

    Reply

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