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Marine Electricals (India) Ltd

Registered Office : B/1 Udyog Sadan No 3,MIDC Andheri (East),Mumbai Maharashtra 400093 Phone : 91-22-40334300
Fax :

Email : cs@marineelectricals.com

Website : www.marineelectricals.com

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

Opens On

Closes On

28-Sep-2018

03-Oct-2018

Money Payable On

Application

Allotment

66.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

42.87

24.53

66.00

Aryaman Financial Services Ltd

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

Bigshare Services Pvt Ltd