IPO

Marinetrans India Limited IPO

NSE SME

Listed On: Dec 8, 2023 at ₹ 30.0

₹ 104000 /4000 Shares

Check Allotment

Marinetrans India Limited IPO Details

30 Nov, 2023

Open Date

05 Dec, 2023

Close Date

06 Dec, 2023

Allotment Date

08 Dec, 2023

Listing Date

Issue Price

₹26 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

30.0

Listing Date

2023-12-08

Market Lot

4000 Shares (₹104,000/-)

Lead Manager

Swaraj shares and securities private limited

Issue Size

4,200,000 shares(aggregating up to ₹10.92 Cr)

Retail Portion

50%

Subscription

32.70 times

IPO Docs

DRHP

Marinetrans India Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,992,0001,992,0003,984,000
Day 1 - 30-11-23 06:00 PM0.56 x2.62 x1.59 x
Day 2 - 01-12-23 06:00 PM1.18 x5.92 x3.55 x
Day 3 - 04-12-23 06:00 PM2.51 x13.75 x8.13 x
Day 4 - 05-12-23 06:00 PM18.16 x47.24 x32.70 x

Marinetrans India Limited Valuations

Earnings Per Share (EPS)

₹1.79/-

P/E Ratio

14.53

RoNW

9.53%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Marinetrans India Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets2,618.582,305.892,204.06
Revenue15,036.8420,327.239,613.13
Profit After Tax152.83186.2479.78

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.

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Marinetrans India Limited - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

  1. Mr Tirah Kumar Babu Kotian
  2. Mr. Arunkumar Narayan Hegde

Marinetrans India Limited IPO - Issue Objectives

  1. Funding of working capital requirements of the Company.
  2. General Corporate Expenses
  3. 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.