Marine Electricals (India) Ltd IPO


Subscription Details

  • Open Date 28 Sep
  • Close Date 03 Oct
  • Lot Size 2000
  • IPO Size ₹ 42.87 Cr
  • IPO Price Range ₹ 66
  • Min Investment ₹ 132000

Marine Electricals (India) Ltd IPO Timeline

Open Date
28 Sep
Close Date
03 Oct
Basis of Allotment
Credit to Demat Account
Listing Date

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Marine Electricals (India) Ltd IPO

Contact Information


B/1 Udyog Sadan No 3,
MIDC Andheri (East),
Mumbai, Maharashtra 400093

Marine Electricals (India) Ltd IPO Lead Manager

Aryaman Financial Services Ltd
Open Demat Account