Business Standard

Marvel Decor Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

26.26 cr

Price Range (₹)

57

Lot Size

2000

Min Investment (₹)

1,14,000.00

Listing Exchange

NSE - SME

Open Date

12-Mar-2018

Close Date

15-Mar-2018

Listing Date

23-Mar-2018

Latest IPO News

    The Shares of Marvel Decor Ltd have now been listed.

    Marvel Decor Ltd IPO Details

    Public issue of 46,16,000 equity shares of face value of Rs. 10/- each fully paid up of Marvel Decor Limited (MDL or The Company or The Issuer) for cash at a price of Rs. 57/- per equity share (The Issue Price) (including a share premium of Rs. 47/- per equity share aggregating Rs. 26.26 crores (The Issue) by the company, of which 2,36,000 equity shares of Rs. 10/- each fully paid up will be reserved for subscription by market maker to the issue (market maker reservation portion) and a reservation of 1,00,000 equity shares for purchase by eligible employees at a discount of 8.77% (equivalent to Rs. 5/-) per share aggregrating to Rs. 0.52 crores (the employee reservation portion). The issue less the market maker reservation portion and employee reservation portion i.e. Issue of 42,80,000 equity shares of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.09% and 25.12% respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10/- each.The Issue Price is Rs. 57/- per equity share. The Issue price is 5.70 times the face value.

    Objective of issue

    To meet the working capital requirements of the company. Repayment of unsecured loans of Promoters / Directors. General Corporate Purpose.

    Marvel Decor Ltd Contact Details

    Marvel Decor Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@marvellifestyle.com

    Website - www.marvellifestyle.com