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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 bidding started from November 30, 2023 and ended on December 5, 2023. The allotment for Marinetrans India IPO was finalized on Wednesday, December 6, 2023. The shares got listed on NSE SME on December 8, 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.
| IPO Date | November 30, 2023 to December 5, 2023 |
| Listing Date | December 8, 2023 |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,200,000 shares (aggregating up to ₹10.92 Cr) |
| Fresh Issue | 4,200,000 shares (aggregating up to ₹10.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,526,000 |
| Share holding post issue | 12,726,000 |
| Market Maker portion | 216,000 shares Nnm Securities |
Marinetrans India IPO offers 4,200,000 shares. 1,992,000 (47.43%) to NII, 1,992,000 (47.43%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 216,000 (5.14%) |
| Other Shares Offered | 1,992,000 (47.43%) |
| Retail Shares Offered | 1,992,000 (47.43%) |
| Total Shares Offered | 4,200,000 (100%) |
Marinetrans India IPO opens on November 30, 2023, and closes on December 5, 2023.
| IPO Open Date | Thursday, November 30, 2023 |
| IPO Close Date | Tuesday, December 5, 2023 |
| Basis of Allotment | Wednesday, December 6, 2023 |
| Initiation of Refunds | Thursday, December 7, 2023 |
| Credit of Shares to Demat | Thursday, December 7, 2023 |
| Listing Date | Friday, December 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 5, 2023 |
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 (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
| HNI (Min) | 2 | 8,000 | ₹208,000 |
| Lot Size Calculator | |||
The Promoters of the company are Mr Tirah Kumar Babu Kotian and Mr. Arunkumar Narayan Hegde.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated in 2004, Marinetrans India Limited provides transport management and freight-related services.
The company initially started as a freight forwarder and then moved into door-to-door delivery and 3PL services for the logistics industry through informal arrangements with third-party providers.
Marinetrans provides freight transportation services that include both sea and air freight services. The company has also partnered with various intermediaries to provide additional services such as transportation, multimodal transport, project cargo handling, third-party logistics, packing, loading/unloading, and unpacking of items.
Marinetrans is responsible for obtaining and confirming the booking order, confirming the shipping line, securing direct customer transportation, stowing and securing the shipment at the port, and coordinating with the customer until the goods are delivered.
The company is headquartered in Navi Mumbai, Maharashtra, and has branches in Ahmedabad, Gujarat.
Marinetrans India Limited's revenue decreased by -26.03% and profit after tax (PAT) dropped by -17.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 May 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,615.36 | 2,618.58 | 2,305.89 | 2,204.06 |
| Revenue | 1,384.38 | 15,036.84 | 20,327.23 | 9,613.13 |
| Profit After Tax | 13.91 | 152.83 | 186.24 | 79.78 |
| Net Worth | 1,617.96 | 1,604.04 | 1,451.22 | 1,255.94 |
| Reserves and Surplus | ||||
| Total Borrowing | 603.68 | 557.98 | 252.75 | 212.38 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Marinetrans India IPO is Rs 33.09 Cr.
| KPI | Values |
|---|---|
| ROE | 10.00% |
| ROCE | 11.29% |
| Debt/Equity | 0.35 |
| RoNW | 9.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.79 | |
| P/E (x) | 14.53 | 39.39 |
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:
[Dilip Davda] The company is a third party Marinetrans logistics service provider. It has posted inconsistency in its financial performances for the reported periods. Based on its FY24 annualized earnings, the issue is exorbitantly priced. There is no harm in skipping this pricey bet. Read detail review...
The Marinetrans India IPO is subscribed 33.00 times on December 5, 2023 7:29:00 PM. The public issue subscribed 47.24 times in the retail category, times in the QIB category, and 18.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 18.05 |
| Retail | 47.24 |
| Total | 33.00 |
Total Application : 23,526 (47.24 times)
| Listing Date | December 8, 2023 |
| BSE Script Code | |
| NSE Symbol | MARINETRAN |
| ISIN | INE0P1P01017 |
| Final Issue Price | ₹26 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹26.00 |
| ₹30.00 |
| ₹28.50 |
| ₹31.50 |
| ₹31.00 |
Marinetrans India Limited
801/802, 8th Floor, Vindhya Commercial Complex
Plot No. 1, Sector 11, CBD Belapur
Navi Mumbai, Thane - 400614
Phone: +91-7777045320
Email: compliance@marinetrans.in
Website: https://marinetrans.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Marinetrans India IPO is a SME IPO of 4,200,000 equity shares of the face value of ₹10 aggregating up to ₹10.92 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000 Shares.
The IPO opens on November 30, 2023, and closes on December 5, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Marinetrans India IPO using UPI as a payment gateway. Zerodha customers can apply in Marinetrans India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Marinetrans India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Marinetrans India IPO opens on November 30, 2023 and closes on December 5, 2023.
Marinetrans India IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.
You can apply in Marinetrans India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Marinetrans India IPO will be done on Wednesday, December 6, 2023, and the allotted shares will be credited to your demat account by Thursday, December 7, 2023. Check the Marinetrans India IPO allotment status.
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