Marine Electricals (India) Ltd - IPO

Marine Electricals (India) Ltd IPO Details

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.

Objective of issue

Working Capital Requirements. General Corporate Purposes.

Marine Electricals (India) Ltd Contact Details

Marine Electricals (India) Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@marineelectricals.com

Website - www.marineelectricals.com