Marinetrans India Limited IPO
NSE SMEListed On: Dec 8, 2023 at ₹ 30.0
₹ 104000 /4000 Shares
Check Allotment30 Nov, 2023
Open Date05 Dec, 2023
Close Date06 Dec, 2023
Allotment Date08 Dec, 2023
Listing DateIssue Price
₹26 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
30.0Listing Date
2023-12-08Market Lot
4000 Shares (₹104,000/-)Lead Manager
Swaraj shares and securities private limitedIssue Size
4,200,000 shares(aggregating up to ₹10.92 Cr)Retail Portion
50%Subscription
32.70 timesIPO Docs
DRHP
The IPO of Marinetrans India Limited is priced at ₹26 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.
Marinetrans India Limited IPO bid opening date is from Nov 30, 2023 and the bid closing date was Dec 5, 2023.
Marinetrans India Limited IPO allotment result will be available on Dec 6, 2023. The tentative listing date for Marinetrans India Limited is Dec 8, 2023.
The total issue size is 4,200,000 shares(aggregating up to ₹10.92 Cr).
Marinetrans India Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,992,000 | 1,992,000 | 3,984,000 |
| Day 1 - 30-11-23 06:00 PM | 0.56 x | 2.62 x | 1.59 x |
| Day 2 - 01-12-23 06:00 PM | 1.18 x | 5.92 x | 3.55 x |
| Day 3 - 04-12-23 06:00 PM | 2.51 x | 13.75 x | 8.13 x |
| Day 4 - 05-12-23 06:00 PM | 18.16 x | 47.24 x | 32.70 x |
Marinetrans India Limited Valuations
Earnings Per Share (EPS)
₹1.79/-P/E Ratio
14.53RoNW
9.53%Net Asset Value (NAV) - Post Issue
₹N/A/-Marinetrans India Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,618.58 | 2,305.89 | 2,204.06 |
| Revenue | 15,036.84 | 20,327.23 | 9,613.13 |
| Profit After Tax | 152.83 | 186.24 | 79.78 |
About The Company
Marinetrans is engaged in the business of sea freight forwarding. The company began as a freight forwarder and later expanded to offer Door-to-Door Delivery and 3PL services for the logistics industry through informal agreements with third-party service providers. The company provides a wide range of transport management and freight-related services to its customers, including Freight Forwarding, which covers both sea and air freight.
The company is headquartered in Navi Mumbai, Maharashtra, and has a branch in Ahmedabad, Gujarat. It primarily operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and other locations in India to transport cargo across the world.
The Company's primary responsibility is to obtain and confirm the Sales Booking Request, confirm the Shipping Line, ensure direct customer transport, stuffing, and transportation within the dock area. The Company acts as a point of contact between the Shipping Line and the customer and coordinates with them until the delivery of the goods. It's important to note that the Company doesn't operate through ports directly.
Marinetrans India Limited - Promoter(s)
Pre Issue Share Holding: %
Post Issue Share Holding: %
- Mr Tirah Kumar Babu Kotian
- Mr. Arunkumar Narayan Hegde
Marinetrans India Limited IPO - Issue Objectives
- Funding of working capital requirements of the Company.
- General Corporate Expenses
- Issue Expenses
Marinetrans India Limited IPO - FAQs
Ans. Marinetrans India Limited IPO is a SME IPO. The issue is priced at ₹26 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Nov 30, 2023, and closes on Dec 5, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Marinetrans India Limited IPO opens on Nov 30, 2023 and closes on Dec 5, 2023.
Ans. The size of Marinetrans India Limited IPO is 4,200,000 shares(aggregating up to ₹10.92 Cr).
Ans. The IPO price band is set between ₹26 per equity share.
Ans. To apply for Marinetrans India Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Marinetrans India Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Marinetrans India Limited IPO is Dec 6, 2023.
Ans. The Marinetrans India Limited IPO will be listed on Dec 8, 2023.
Ans. Follow the steps to check the allotment status for Marinetrans India Limited IPO here.
