About the Company:
Marine Electricals provides solution in Low Voltage, Medium Voltage and Industrial Automation backed by In-house Product Design & Development, Manufacturing, Installations and after sale service.
Company is a growing 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).
Company has business relationships with global electrical players like Schneider Electric, Siemens, GE.
Further, Company has also entered into an agreement with NLC India Limited to provide Solar Power Evacuation system, thus venturing into the renewable energy segment.
Company’s In-house Engineering Capabilities.
Company had commenced the business as provider of switchgear and other small products. Over a period of time, they have built engineering capabilities through organic as well as inorganic ways to become Integrated Solution Provider.
Company has acquired Nahari Engineering, Automatic Electric Control, STI S.R.L., Italy, Eltech Engineers Madras. Company has worked in various prestigious vessels which helped in strengthening their engineering capabilities.
Company’s Associates & Subsidiaries:
- Mr. Venkatesh Uchil (Designation: Managing Director)
- Mr. Vinay Uchil (Designation: Chairman & Whole – Time Director)
Objectives of the Issue:
- Working Capital Requirements.
- General Corporate Purposes.
Financials of the Company:
|(in Crores)||FY 14||FY 15||FY 16||FY 17||FY 18|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Marine Electricals Limited||10||6.66||7.38||15.53%||41.86|
|ABB India Limited||2||19.82||70.61||11.64%||170.21|
|Issue Opens on||28th September 2018|
|Issue Closes on:.||3rd October 2018|
|Issue Price||Rs.64 – 66|
|Minimum Lot||2000 Shares|
|Issue Size||Rs.42.87 cr|
|Market Cap||Rs.161.7 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||64,96,000|
|Equity Shares Prior to the Issue||1,80,37,050|
|Equity Shares after the Issue||2,45,33,050|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Bigshare Website (Click on the below Link)
|Company Contact Info:|
|Marine Electricals Ltd
B/1, Udyog Sadan No.3, MIDC,
Andheri (E), Mumbai – 400 093
Tel No: +91 22 4033 4300 / 2834 9132
Fax No: +91 22 2836 4045
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
|Lead Manager to the Issue:|
|ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999;
Fax No.: +91 – 22 – 2263 0434