IPO

Marine Electricals (India) Ltd IPO

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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.

Marine Electricals (India) Ltd IPO Subscription Details

Company

Marine Electricals (India) Ltd

Issue Type

Book Building - SME

Open Date

28 Sep

Close Date

03 Oct

Offer Price

66.00

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  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of Marine Electricals (India) Ltd IPO

Company Contact Information

Marine Electricals (India) Ltd IPO
B/1 Udyog Sadan No 3,
MIDC Andheri (East),
Mumbai, Maharashtra 400093.

Phone: 91-22-40334300
Email: cs@marineelectricals.com

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