Marinetrans India is set to launch an IPO which will open on November 30, 2023, and close on December 05, 2023. Through this public offer the company wants to raise Rs. 10.92 crores from the primary market, The Company fixed the price band of Rs. 26 with a minimum lot of 4000 shares, and listed on December 11, according to the preliminary papers filed to the capital market regulator SEBI.
About Marinetrans India Company
Marinetrans India (2004) is engaged in the business of shipment, consignment tracking, consolidation, custom clearance, freight forwarding services, etc. The company has a diverse product portfolio.
Marinetrans India IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Funding of working capital requirement of the company
- General corporate and issue expenses purposes
Marinetrans India Strength
- Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing relationships with suppliers
Marinetrans India Risk Factor
- Legal proceedings pending on the company
- Heavily dependent on third-party service providers and suppliers
Marinetrans India IPO Review & Rating
| Issue Size (Rs.) | 10.92 crore |
| Issue Price (Rs.) | 26 per share |
| Minimum Lot Size | 4000 shares |
| Total Profit (March 2023) (Rs.) | 1.52 crore |
| RoNW (%) | 9.53% |
| NAV (Rs.) | 18.81 |
| Listing on | NSE Emerge |
| IPO Deliver Rating | Four |
Marinetrans India IPO Dates, Price Band & Details
Marinetrans India IPO will open on November 30, 2023, and close on December 05, 2023. The IPO list on December 11, 2023.
| Type of issue | Fixed Price Issue IPO |
| Issue Size (Rs.) | 10.92 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | November 30, 2023 |
| IPO Close Date | December 05, 2023 |
| IPO Allotment Date | December 08, 2023 |
| Refund Date | December 09, 2023 |
| Share Credit Date | December 10, 2023 |
| Listing Date | December 11, 2023 |
Marinetrans India IPO Offer
Marinetrans India IPO’s total issue size is 42,00,000 shares which comprise the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 42,00,000 | 10.92 crore |
| Offer for Sale (OFS) | – | – |
Marinetrans India Financials Review (lakh)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 15,036.84 | 20,327.23 | 9,613.13 |
| Net Worth | 1,604.04 | 1,451.22 | 1,255.94 |
| Profit | 152.83 | 186.24 | 79.78 |
| Borrowings | 557.98 | 252.75 | 212.38 |
Marinetrans India IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 1.79 | 2.18 | 4.91 |
| RoNW (%) | 9.53 | 12.83 | 6.31 |
| NAV (Rs.) | 18.81 | 17.02 | – |
Marinetrans India IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Cargosol Logistics | 4.79 | 15.69 | 26.26 |
| Total Transport | 3.47 | 6.77 | 48.14 |
Marinetrans India Company Promoters
As per the DRHP and RHP, the company has two promoters.
| Serial No. | Name |
| 01. | Tiraj Kumar Babu Kotian |
| 02. | Arun Kumar Naryan Hedge |
Marinetrans India Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 100 |
| Post- Issue | – |
Marinetrans India IPO Reservation
Marinetrans India IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| RII Share Offered | 50% of the issue size |
| Others Share Offered | 50% of the issue size |
Marinetrans India IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 4000 Shares and a maximum of 1 lot of 4000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 4000 | 1,04,000 |
| Retail Maximum | 01 | 4000 | 1,04,000 |
Marinetrans India IPO – Prospectus
An investor can download/view the Marinetrans India prospectus copy, which was filed by the company to SEBI, details are as follows.
| Marinetrans India IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Marinetrans India IPO Registrar
Skyline Financial Services Private Limited
Tel No.: +91-40450193
E-Mail: ipo@skylinerta.com
Website: www.skylinerta.com
Marinetrans India IPO lead manager
Swraj Shares and Securities Private Limited
Tel No.: +91-226964 9999
E-Mail: compliance@swrajshares.com
Website: www.swrajshares.com
Marinetrans India IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Marinetrans India IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Marinetrans India Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Marinetrans India Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Marinetrans India Company Details
Marinetrans India Limited
Registered Office: 801/802, 8th Floor, Vindhya Commercial Complex plot no. 1, Sector 11, CBD Belapur Navi Mumbai, Thane – 400614
Tel. No: +91-7777045320
Email: compliance@marinetrans.in
Website: www.marinetrans.in
Investor Grievances/Compliance Officer: Mr. Nikhil Kishore Joshi
Marinetrans India Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | Marinetrans Logistics Private Limited |
| 02. | Seahual Lines India Private Limited |
Marinetrans India Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Tiraj Kumar Babu Kotian |
| 02. | Arun Kumar Naryan Hedge |
Marinetrans India IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Marinetrans India IPO?
Ans: Marinetrans India brings its SME IPO of Rs. 10.92 crores, on November 30, 2023, with a price band of Rs. 26 per share.
Q-2 What is Marinetrans India IPO Open date?
Ans: Marinetrans India IPO opening date is November 30, 2023.
Q-3 What is Marinetrans India IPO Close Date?
Ans: Marinetrans India IPO closing date is December 05, 2023.
Q-4 What is Marinetrans India IPO Listing date?
Ans: Marinetrans India IPO listing date is December 11, 2023.
Q-5 What is Marinetrans India IPO Minimum investment amount?
Ans: Marinetrans India IPO minimum investment amount is Rs. 1,04,000.
Q-6 What is Marinetrans India IPO offer issue Size?
Ans: Marinetrans India offers an issue size of Rs. 10.92 crores.
Q-7 What is Marinetrans India IPO Price Band?
Ans: Marinetrans India IPO price band is Rs. 26 per share.
Q-8 Is Marinetrans India IPO mainboard IPO or SME IPO?
Ans: Marinetrans India IPO is an SME IPO.
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