Marshall Machines Limited IPO (Marshall Machines IPO) Detail
ABOUT THE COMAPNY:
The Company was originally formed on May 23, 1994, in the name of V. B Spinning Mills. The Company’s name was changed to ” Marshall Machines Private Limited” on Jan 02, 2002. Thereafter, the control and management of the company were taken by Gaurav and Prashant Sarup, along with their father Late Shri Gautam Sarup.
Marshall Machines Limited is in the business of developing, manufacturing and marketing of Machine Tool Equipment.In coming years, the business moved to design & manufacture of high precision Bench Lathes, Heavy Duty Lathes & Capstan Lathes. It was amongst first Indian CNC Machine manufacturers and launched CNC Machines way back in 1998.
In 1997, Marshall Industries entered into a technical tie-up with an American Company (M/s Path Wizard Inc.) to export the mechanical & basic electrical elements of CNC Lathes to U.S.A. In 1998, Marshall Industries launched CNC Lathes with Siemens/Fanuc CNC Controls in India during IMTEX-98 Exhibition held at New Delhi and has been manufacturing CNC Lathes since then.Company provides complete machining solutions to manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, Bushes, etc. The company’s customer list includes GNA, USHA, HERO HONDA, HAVELLS, ROCKMAN, AMTEK AUTO etc.
Marshall Machines has an IoTQ and super-optimized machine technology demonstartion center at IMT Gurugram, Haryana. It also has 2 R&D denters in Ludhiana. The centers are focussed on development of super-optimized machines and smart automated machine tool cells.
Marshall has won several national awards for its products and technology and has come to be known as an innovative machine tool manufacturer in India and pioneer of ” Intelligent Automation“.
a) Patented Double and Four Spindle CNC Machines
b) Automated Robotic Solutions
c) Patent pending IOTQ suite for Intelligent equipment.
Promoters of Marshall Machines Limited:
There are currently 6 Directors on the Board of Marshall Machines Limited. Mr Gaurav Sarup is the Managing Director. Mr Prashant Sarup and Mr Siddhant Sarup are the Whole Time Directors. Mrs Archana Sarup is the Non-Executive Director. Mr Harish Pal Kumar is Non-Executive & Independent Director. Mr Satvinder Singh is the Additional Non-Executive & Independent Director.
Gaurav Sarup, who is the Promoter and Managing Director, holds a degree in Production Engineering from Punjab University. He has an experience of more than 30 years in designing innovative machine tools. Currently, he is looking after production, sales & marketing, Research & Development, new business lines and overall business development of Marshall Machines Limited.
Prashant Sarup, who is the Promoter and Whole Time Director is a qualified engineer and has an experience of more than 25 years in designing and electronic integration. Currently, he is looking after finance, CNC-Robot Interfacing, Product Development and purchases of Marshall Machines Limited.
MARSHALL MACHINES LIMITED FINANCIAL PERFORMANCE:
|Rs. in Crore|
Objects of the Issue:
- Capacity Augmentation – INR6.23 crore
- Upgradation of existing R & D Unit and IOTQ Center – INR4.17 crore
- Establishment of new IOTQ Centers – INR1.10 crore
- Working Capital Requirements – INR2.50 crore
- General Corporate Purpose – INR0.25 crore
- Issue Expenses – INR2.00 crore
Marshall Machines IPO Details:
|Marshall Machines IPO details|
|Subscription Dates||28 – 30 August 2018|
|IPO Price band||INR42 per share|
|Fresh issue||3,870,000 shares (INR16.25 crore)|
|Offer for sale||Nil|
|Total IPO size||3,870,000 shares (INR16.25 crore)|
|Minimum bid (lot size)||3,000 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge SME platform|
Marshall Machines Limited IPO Allotment Status
Company Contact Information:
Marshall Machines Limited
Focal Point, Ludhiana,
Phone: +91 161 5012406/2407,
Fax: +91 161 5012408
Marshall Machines IPO Registrar:
Bigshare Services Pvt. Ltd
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Fax: 91-22-2847 5207
Marshall Machines IPO Lead Manager(s):
SEBI Registration No
Sarthi Capital Advisors Private Limited
E-360,First Floor, Nirman Vihar,
New Delhi – 110092
Phone: (011) 22449817/18