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IPO Synopsis  
Marine Electricals (India) Ltd
Registered Office: [ B/1 Udyog Sadan No 3 , MIDC Andheri (East) , Mumbai - 400093 , Maharashtra , India.
                                  Phone:91-22-40334300   Fax:
                                  Email: cs@marineelectricals.com  
                                  Website: www.marineelectricals.com
Public issue of 64,96,000 equity shares of Rs10 each ("equity shares") of Marine Electricals (India) Limited ("meil" or the "company") for cash at a price of Rs66 per share (the "issue price"), aggregating to Rs42.87 Crores ("the issue"), of which 3,36,000 equity shares of Rs10 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 Rs10 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 Rs10 each. The issue price is Rs66 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-18 03-Oct-18 Rs 66.00-0.00 Rs 0.00-0.00
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.66.00  
 
Projects
Working Capital Requirements  General Corporate Purposes 
 
Promoted By
Vinay Uchil 
Venkatesh Uchil 
KDU Enterprises Pvt Ltd 
Listing At
NSE - SME 
Registrar to the Issue
No Data Found.
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