| 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 |
Rs66.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :2000 Further Multiples of :2000 |
| |
RsCr |
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 |
Rs66.00 |
|
|