IPO Issue Details
Issue Price / Price Band₹57 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size46,16,000 shares (aggregating up to ₹26.29 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 12 Mar 2018
Subscription CloseThu, 15 Mar 2018
Anchor AllotmentSun, 11 Mar 2018
Basis of AllotmentWed, 21 Mar 2018
Initiation of RefundsThu, 22 Mar 2018
Credit of Shares to DematThu, 22 Mar 2018
Listing DateFri, 23 Mar 2018
UPI Mandate Deadline2018-03-15
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 2,000 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 4,000 shares
Net Offer to Public43,80,000 shares (aggregating up to ₹24.94 Cr)
Reserved for Market Maker2,36,000 shares (aggregating up to ₹1.35 Cr)
Pre-IPO Promoter Holding1,24,24,140 shares
Post-IPO Promoter Holding1,70,40,140 shares
About Marvel Decor Ltd.
Incorporated in 1996, Marvel Decor Limited designs, manufactures, and sells a range of window covering products under the Marvel brand name in India and internationally. They offers roller, roman, vertical, bamboo, wooden venetian, luzon, grayson, eton, patricia, aric, colby, meliso, dorren, and sierra blinds; and curtain rods, and automation products and tracks.They are producing about 810 components of different type, size and colors as per customer requirement. They make 14 types of blinds and more than 900+ shades. One of their manufacturing unit is in Dared, Jamnagar, Gujarat where they manufacture readymade venetian blinds specially for Reliance Refineries and Roller blinds, Bamboo, Vertical and Wooden Venetian blinds supplying to the furnishing stores. In their second manufacturing unit they manufacture Roller, Roman, Luzon and Vertical blinds.Marvel has marked its presence nationwide having 338 galleries, in 224 cities of 24 states.
Objects of the Issue
Marvel Decor Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet the working capital requirements of the Company
12.51
2
2 Repayment of Unsecured Loans of Promoters/Directors
6.50
3
3 General Corporate Purpose
4.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,24,24,140 shares
Post-IPO Promoter Holding
1,70,40,140 shares