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Right Issue Status: Closed [11th Oct 2023 to 26th Oct 2023]
Marshall Machines Limited is offering rights issue worth Rs. 45.63 Cr. The subscription period for this rights issue will be from October 16, 2023 to October 27, 2023 . The company will issue 07 rights shares for every fully paid 10 share held on the record date of September 29, 2023. The face value of a share is Rs. 10 per share and the issue price is fixed at Rs. 40 per share.
Stay connected with us to know more about Marshall Machines Limited Right Issue Details 2023 including issue size, entitlement to rights, payment terms and more.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| Marshall Machines Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.02 Cr Shares |
| Right Issue Issue Size (Amount) | ₹45.63 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹44.8 per share |
| Right Issue Record Date | 29th Sep 2023 |
| Right Issue Entitlement | 7 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount of the Issue Price being ₹ 44.80 will be payable on application. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | MARSHALLR |
In this section we have covered all important dates related to Marshall Machines Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 11th Oct 2023 |
| Right Issue Issue Close Date | 26th Oct 2023 |
| Basis of Allotment Finalisation Date* | 30th Oct 2023 |
| Refunds Initiation* | 16th Oct 2023 |
| Credit of Shares to Demat Account* | 31st Oct 2023 |
| Right Issue Listing Date* | 6th Nov 2023 |
* - Tentative Dates
Zerodha Trade@20
Marshall Machines Limited was established in May 1994. The company is engaged in the development, manufacture and marketing of machine tools. The company was originally founded by Mr. Gautam Sarup, who started the company more than 54 years ago under the name “Marshall Industries” initially to manufacture hosiery machines. In the years that followed, the company shifted to designing and manufacturing high precision bench lathes, heavy duty lathes and center lathes, selling thousands of them across the country. The company became a well-known brand in the design and manufacture of high precision bench lathes, heavy duty lathes and cross spindle lathes and was one of the first Indian manufacturers of CNC machines, launching CNC machines as early as 1998.
Marshall Machines Limited designs, manufactures and distributes machine tools, including a wide range of single-spindle, patented two-spindle and four-spindle CNC machines, automated robotic solutions and the patent-pending Io TQ suite of intelligent devices. The company also sells machine parts for manufactured machines to buyers of existing machines.
Marshall specializes in the design and manufacture of high-performance ‘CNC lathes, including patented two- and four-spindle CNC machines, turnkey automated CNC machines (with robots) and "smart" Industry 4.0-based technologies under the name and umbrella of the patent-pending Io TQ (Internet of Things for Quality) brand. The product offering and technology solutions include.
Past performance and financial results of Marshall Machines .
Marshall Machines Limited's revenue decreased by -38.81% and profit after tax (PAT) rose by 121.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 141.29 | 135.34 | 132.78 |
| Revenue | 37.00 | 60.46 | 67.25 |
| Profit After Tax | -6.90 | -3.12 | 0.36 |
| Net Worth | 39.53 | 45.97 | 49.03 |
| Reserves and Surplus | 24.98 | 31.42 | 34.48 |
| Total Borrowing | 45.25 | 40.18 | 40.63 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Marshall Machines Right Issue Offer Document (Letter of Offer) >>Document
Marshall Machines Right Issue Offer Document (Letter of Offer) >>Marshall Machines Right Issue Red Herring Prospectus is not yet available.
Marshall Machines Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Marshall Machines Right Issue Online Application (Registrar & Transfer Agent) >>Marshall Machines Right Issue RTA information is not yet available.
Last Updated on 2023-10-29T05:32:47+00:00
