Marine Electricals (India) Ltd - Prospectus Synopsis

Marine Electricals (India) Ltd RHP

Registered Office : B/1 Udyog Sadan No 3 , MIDC Andheri (East) , Mumbai - 400093 , Maharashtra , India.

Phone : 91-22-40334300  Fax :

Email :    Website :

Public issue of 64,96,000 equity shares of Rs. 10 each (equity shares) of Marine Electricals (India) Limited (meil or the company) for cash at a price of Rs. 66 per share (the issue price), aggregating to Rs. 42.87 Crores (the issue), of which 3,36,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 61,60,000 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.48% and 25.11%, respectively of the post issue paid up equity share capital of the company. The face value of equity shares of Rs.10 each. The issue price is Rs.66 per equity share, which is 6.6 times of the face value of the equity share.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Sep-2018 03-Oct-2018 Rs 66 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
  Rs Cr Lead Managers to the Issue
Project Cost 42.87 Aryaman Financial Services Ltd
Project Financed through Current Offer 42.87  
Post Issue Equity Share Capital 24.53  
Issue Price Rs. 66  
Working Capital Requirements
Promoted By Listing At Registrar to the Issue
KDU Enterprises Pvt Ltd
Venkatesh Uchil
Vinay Uchil
NSE - SME Bigshare Services Pvt Ltd

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