Marine 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 |
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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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â 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)
