Punjab based Marshall Machines Limited is ready to launch its new Initial Public Offer (IPO) in Indian market which will open for subscription to public on Tuesday, August 28, 2018 and shall close on Thursday, August 30, 2018.
The IPO size is decided to have Rs 16.25 crore.
This is SME IPO consists of an offer for sale of up to 3,870,000 equity shares by promoters of the company are Gaurav Sarup and Prashant Sarup.
The price band has been fixed from Rs. 42 per equity share. Bids can be made for a minimum lot of 3000 equity shares and in multiples of 3000 equity shares thereafter.
The book running lead managers to the offer is Sarthi Capital Advisors Private Limited, while the registrar to the offer is Bigshare Services.
The equity shares being offered through the Red Herring Prospectus dated July 23, 2018 are proposed to be listed on NSE SME
The objects of issue are capacity Augmentation, Upgradation of existing R&D and IOTQ centers, Establishment of new IOTQ centers, Issue Expensesand more things new developments.
Marshall Machines Limited is incorporated in 1994 and doing a business of manufacturing and marketing machines spare parts, tools and equipment
Marshall Machines is ranked India’s first CNC Machine manufacturers with 256 permanent employees on its payroll.
Marshall Machines IPO Reviews & Recommendations:
- It is very good IPO in SME sector to invest for long term. The price band is looks attractively and company is profit making..So apply for long term
Marshall Machines IPO & Issue Details
|Subscription Dates||28 – 30 August 2018|
|Issue Price Band||INR 42|
|Minimum bid (lot size)||3000 Shares|
|Minimum Lot Amount||INR 126000|
|Face Value||INR 10 per share|
|IPO Size||INR 24.60 Cr|
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE SME|
Marshall Machines IPO Financial Performance (in INR Crore)
Marshall Machines IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4|
Marshall Machines IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 28 August 2018
- Bid/Offer Closes On: 30 August 2018
- Basis of Allotment: On or about – 5 Sept 2018
- Refunds Status: On or about – 6 Sept 2018
- Credit of Equity Shares to demat accounts: On or about – 7 Sept 2018
- Listing Date: On or about – 10 Sept 2018
Allotment Status – Marshall Machines IPO : Check Here
Marshall Machines IPO Issue Object
- Capacity Augmentation
- Upgradation of existing R&D and IOTQ centers
- Establishment of new IOTQ centers
- Working Capital Requirements
- General Corporate Purpose
- Issue Expenses
Marshall Machines IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Marshall Machines IPO Lead Manager(s):
- Sarthi Capital Advisors Private Limited
Marshall Machines IPO Promoters:
- Gaurav Sarup
- Prashant Sarup
Company Contact Information:
Marshall Machines Limited
Focal Point, Ludhiana,
Phone: +91 161 5012406/2407,
Fax: +91 161 5012408
Email: [email protected]
Marshall Machines IPO Registrar:
Bigshare Services Pvt. Ltd
Fax: 91-22-2847 5207
Email: [email protected]