Marinetrans India Limited IPO Detail
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.
Company Promoters
Mr Tirah Kumar Babu Kotian and Mr. Arunkumar Narayan Hegde.IPO Details
| IPO Opening Date | Nov 30, 2023 |
| IPO Closing Date | Dec 05, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹10.92 Cr |
| Fresh Issue | ₹10.92 Cr |
| Offer for Sale | - |
| Retail Portion | 47.43% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.55x | 2.57x | 1.56x | |
| Day 2 | - | - | 1.18x | 5.92x | 3.55x | |
| Day 3 | - | - | 2.49x | 13.66x | 8.07x | |
| Day 4 | - | - | 18.05x | 47.24x | 33.00x |
IPO Tentative Timetable
The Marinetrans India Limited IPO open date is Nov 30, 2023, and the close date is Dec 05, 2023. The issue may list on Dec 11, 2023.
| IPO Open Date | Nov 30, 2023 |
| IPO Close Date | Dec 05, 2023 |
| Basis of Allotment Date | Dec 08, 2023 |
| Initiation of Refunds | Dec 11, 2023 |
| Credit of Shares to Demat Account | Dec 10, 2023 |
| IPO Listing Date | Dec 11, 2023 |
IPO Lot Size
The Marinetrans India Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹104000 |
| Maximum | 1 | 4000 | ₹104000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2204.06 | 9613.13 | 79.78 |
| 31-Mar-22 | 2305.89 | 20327.23 | 186.24 |
| 31-Mar-23 | 2618.58 | 15036.84 | 152.83 |
Objects of the Issue:
The company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the NSE Emerge Platform:
- Funding of working capital requirements of the Company.
- General Corporate Expenses
- Issue Expenses
Marinetrans India Limited IPO Registrar:
Skyline Financial Services Private Ltd
Marinetrans India Limited IPO Lead Manager(s):
Swaraj shares and securities private limited]
Company Contact Information:
Marinetrans India Limited
801/802, 8th Floor, Vindhya Commercial Complex
Plot No. 1, Sector 11, CBD Belapur
Navi Mumbai, Thane - 400614
