Marine Electricals Ltd
Issue Analysis :
| Issue opens | Sept.28, 2018 |
| Issue Closes | Oct. 03, 2018 |
| Issue Price | Rs 66 |
| Lot Size | 2000 |
| Issue Size | 42.87 Cr |
| Lead Manager | Aryaman Financial Services Limited |
| Registrar | Bigshare Services Pvt Ltd |
| Platform | NSE |
Company’s Snapshot :
Marine Electricals is an integrated electrical and automation solution provider dealing in comprehensive electrical solution across industries with significant presence in Marine sector (Indian Navy, Commercial Shipbuilding) and Non Marine sector (Data Centre, Building Management Systems, Industrial etc). The company provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service. The company has business relationships with global electrical players like Schneider Electric, Siemens, GE. Further, it has entered into an agreement with NLC India Limited to provide Solar Power Evacuation system, thus venturing into the renewable energy segment.
The company’s manufacturing facilities are certified as per ISO 9001, ISO 14001, and OHSAS 18001 for the Quality Management system, Environmental Management System and Occupation Health & Safety Management System respectively. Its manufacturing facilities have all the latest CNC bending and turret punching machines to deliver equipment within the demanding tolerances to meet the requirements of latest globally offered panels, this is also supported by its pre-treatment and painting facilities.Object of the Issue:
The objects of the Issue are to:
- Working Capital Requirements
- General Corporate Purpose
- Issue Expenses
Financial Highlights :
| Marine Electricals’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 214.86 | 238.39 | 251.69 | 273.65 | 383.46 | |
| Total expenses | 197.37 | 226.36 | 237.49 | 256.16 | 360.80 | |
| Profit after tax | 13.43 | 7.87 | 9.21 | 10.22 | 15.27 | |
Company Promoters:
The Promoters of the Company is:
- Vinay Uchil
- Venkatesh Uchil
- KDU Enterprises Private Limited
Contact Company Information:
Marine Electricals India Limited
B/1, Udyog Sadan No.3,
MIDC, Andheri (E),
Mumbai – 400 093
Phone: +91 22 4033 4300
Email: info@marineelectricals.com
Website: www.marineelectricals.com