:::LALKAR GROUP::::

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 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		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

	(Rs)	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 Requirements

General Corporate Purposes

Promoted By

Vinay Uchil

Venkatesh Uchil

KDU Enterprises Pvt Ltd

Listing At

NSE - SME

Registrar to the Issue

No Data Available