Marshall Machines Rights Issue will open for subscription from 11 October 2023. the company aims for an issue size of ₹45.63 Crores through this rights Issue.
About the company
Incorporated in 1961, Marshall Machines Limited provides smart IoT-enabled CNC solutions. Marshall Machines’ product portfolio includes:
- Marshall Roboturn XL Cell: Automated cell for zero-defect production
- Juno: Complete machining (Turning and milling) at low cost
- Roboturn Flexi Cell: Flexible cell for production of small batches
- SMART-ER: Lowest footprint machine with very high output
- Twinturn Uber with Smartload: Lowest cost automation with space saving
- TM Series Turnmill: Better solution than Turning + VMC
The company has deployed over 4,000 machines over 4 decades and has more than 1,500 clients across two customer segments: Institutional and SMEs, with more than 300 committed team members across various functions. Marshall’s clientele is spread across numerous industries, including automobile, consumer durables & appliances, general engineering, and so on.
Objectives of the Issue
Marshall Machines Rights Issue Timetable
| Last Date to buy shares | 28 September 2023 |
| Record Date | 29 September 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 11 October 2023 |
| Renunciation of Rights Entitlements | 16 September 2023 |
| Bid/Offer Closes On | 19 September 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Marshall Machines Rights Issue Details
| Issue Open | October 11, 2023 – October 19, 2023 |
| Security Name | Marshall Machines Limited |
| Issue Size (Shares) | 10,185,000 |
| Issue Size (Amount) | ₹45.63 Crores |
| Issue Price | ₹44.8 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | |
| Entitlement | 7 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Marshall Machines Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 132.78 | 135.34 | 141.29 |
| Revenue | 67.25 | 60.46 | 37.00 |
| Profit After Tax | 0.00 | -3.14 | -6.90 |
Marshall Machines Rights Issue Documents
Lead Manager(s)
Marshall Machines Registrar
Company Contact Information
Marshall Machines Limited
C-86,
Phase-V,
Focal Point, Ludhiana – 141010
Phone: +91-161-5012406
Email: headoffice@marshall.cnc.com
Website: https://marshallcnc.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
