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  IPO
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 10 each ("equity shares") of Marine Electricals (India) Limited ("meil" or the "company") for cash at a price of 66 per share (the "issue price"), aggregating to 42.87 Crores ("the issue"), of which 3,36,000 equity shares of 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 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 10 each. The issue price is 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-18 03-Oct-18 66.00-0.00 0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  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 66.00  
 
Projects
Working Capital RequirementsGeneral Corporate Purposes
Promoted By
Vinay Uchil
Venkatesh Uchil
KDU Enterprises Pvt Ltd
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd