The Marvel Decor date has been confirmed from March 12, 2018 and ended on March 15, 2018.
Marvel Decor Developers IPO is a fixed price issue of Rs 26.26 crores. The price is ₹57 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
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Bidding Dates
March 12-15
Price Range
₹57 per share
Face Value
₹10 per share
GMP
₹69.55
Marvel Decor IPO GMP
The Marvel Decor IPO GMP is ₹69.55.
IPO Overview
The Marvel Decor IPO has a fixed price of Rs 26.26 crores. The Marvel Decor IPO auction began on March 12, 2018 and concluded on March 15, 2018. On March 23, 2018, the shares were listed on the NSE SME. The IPO price for Marvel Decor is 57 per share.
A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹140,000. Marvel has marked its presence nationwide having 338 galleries, in 224 cities of 24 states.
Marvel Decor IPO Details
| IPO Date | March 12, 2018 to March 15, 2018 |
| Listing Date | March 23, 2018 |
| Face Value | ₹10 per share |
| Price | ₹57 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,616,000 shares (aggregating up to ₹26.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 236,000 shares |
Marvel Decor Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,906.55 | 3,387.67 | 3,258.93 | 3,020.63 | 2,360.78 | |
| Total Revenue | 3,015.52 | 2,879.69 | 2,241.06 | 2,773.72 | 2,363.60 | |
| Profit After Tax | 129.66 | 83.61 | 128.50 | 151.34 | 170.34 | |
Marvel Decor IPO Listing Details
| Listing Date | March 23, 2018 |
| BSE Script Code | |
| NSE Symbol | MDL |
| ISIN | INE575Z01010 |
| Final Issue Price | ₹57 per share |
Company Profile
Marvel Decor Limited, founded in 1996, creates, manufactures, and sells a variety of window covering products under the Marvel brand name in India and globally. Roller, roman, vertical, bamboo, wooden venetian, luzon, grayson, eton, patricia, aric, colby, meliso, dorren, and sierra blinds are available, as well as curtain rods, automation goods, and tracks. They manufacture approximately 810 components of various types, sizes, and colours based on customer specifications. They manufacture 14 different types of blinds and over 900 different shades. One of
their production units is located in Dared, Jamnagar, Gujarat, where they produce prefabricated venetian blinds for Reliance Refineries as well as roller blinds, bamboo, vertical, and wooden venetian blinds for furnishing stores. Their second production unit produces Roller, Roman, Luzon, and Vertical blinds.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Marvel Decor Limited |
| Phone number | +91 288 2730601/602 |
| Email ID | info@marvellifestyle.com |
| Website | marvellifestyle.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
