Marinetrans India Limited
- IPO Date30 Nov, 2023 to 05 Dec, 2023
- Listing Date11 Dec, 2023
- Face Value₹10 per share
- Issue Price₹26 to ₹26 per share
- Lot Size4000 Shares
- Minimum Investment₹1,04,000
- Listing AtNSE SME
- Total Issue Size42,00,000 Shares
(aggregating up to ₹10.92 Cr) - Fresh Issue42,00,000 Shares
(aggregating up to ₹10.92 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue85,26,000
- Shareholding post issue1,27,26,000
IPO Dates
Closing Date
05 Dec, 2023
Initiation of Refunds
10 Dec, 2023
Listing Date
11 Dec, 2023
30 Nov, 2023
Opening Date
08 Dec, 2023
Basis of Allotment
10 Dec, 2023
Credit of Shares
Marinetrans India Limited Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 4000 | ₹1,04,000 |
| Retail (Min) | 1 | 4000 | ₹1,04,000 |
| HNI (Min) | 2 | 8000 | ₹2,08,000 |
Marinetrans India Limited Promoter Holding
The Promoters of the company are Mr Tirah Kumar Babu Kotian and Mr. Arunkumar Narayan Hegde.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10% |
| ROCE | 11.29% |
| RoNW | 9.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.53 | 1.79 |
| P/E (x) | 14.53 | 1.79 |
Marinetrans India Limited COMPANY INFORMATION
Marinetrans India IPO is a fixed price issue of Rs 10.92 crores. The issue is entirely a fresh issue of 42 lakh shares. Marinetrans India IPO opens for subscription on November 30, 2023 and closes on December 5, 2023. The allotment for the Marinetrans India IPO is expected to be finalized on Friday, December 8, 2023. Marinetrans India IPO will list on NSE SME with tentative listing date fixed as Monday, December 11, 2023. Marinetrans India IPO price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹208,000. Swaraj shares and securities private limited is the book running lead manager of the Marinetrans India IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Marinetrans India IPO is Nnm Securities. Refer to Marinetrans India IPO RHP for detailed information.
Incorporated in June 2004, 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.
FAQs About Marinetrans India Limited
Marinetrans India Limited will open on 30 Nov, 2023 and close on 05 Dec, 2023. Investors must apply within this period to participate.
The Marinetrans India Limited price band is set between ₹26.00 and ₹26.00 per share. The minimum lot size is 4000, requiring an investment of at least ₹104000.00.
The Marinetrans India Limited shares are expected to be listed on 11 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Marinetrans India Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Marinetrans India Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.