Marinetrans IPO vs Net Avenue Technologies IPO

Comparison between Marinetrans IPO and Net Avenue Technologies IPO.

IPO Details

Marinetrans IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Net Avenue Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.

	Marinetrans IPO	Net Avenue Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Swaraj shares & securities Pvt.Ltd.	Shreni Shares Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	NNM Securities Pvt.Ltd.	Shreni Shares Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Marinetrans IPO is up to ₹10.36 Cr whereas the issue size of the Net Avenue Technologies IPO is up to ₹9.73 Cr. The final issue price of Marinetrans IPO is ₹26.00 per share and of Net Avenue Technologies IPO is ₹18.00 per share.

	Marinetrans IPO	Net Avenue Technologies IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)		₹16.00 per share
Issue Price (Upper)		₹18.00 per share
Issue Price (Final)	₹26.00 per share	₹18.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	8000 shares
Fresh Issue Size	39,84,000 shares	54,08,000 shares
Fresh Issue Size (Amount)	up to ₹10.36 Cr	up to ₹9.73 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	39,84,000 shares	54,08,000 shares
Issue Size Total (Amount)	up to ₹10.36 Cr	up to ₹9.73 Cr

IPO Timetable

Marinetrans IPO opens on Nov 30, 2023, while Net Avenue Technologies IPO opens on Nov 30, 2023. The closing date of Marinetrans IPO and Net Avenue Technologies IPO is Dec 05, 2023, and Dec 04, 2023, respectively.

	Marinetrans IPO	Net Avenue Technologies IPO
Anchor Bid Date		Nov 29, 2023
Issue Open	Nov 30, 2023	Nov 30, 2023
Issue Close	Dec 05, 2023	Dec 04, 2023
Basis Of Allotment (Tentative)	Dec 06, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Dec 07, 2023	Dec 08, 2023
Credit of Share (Tentative)	Dec 07, 2023	Dec 11, 2023
Listing date (Tentative)	Dec 08, 2023	Dec 08, 2023
Anchor Lockin End date 1		Jan 06, 2024
Anchor Lockin End date 2		Mar 06, 2024

Financials & KPIs

Marinetrans IPO P/E ratio is 14.53, as compared to Net Avenue Technologies IPO P/E ratio of 8.57.

Marinetrans IPO

Net Avenue Technologies IPO

Financials

Marinetrans India Limited Financial Information (Restated Consolidated)

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
Total Income	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

Net Avenue Technologies Limited Financial Information (Restated Consolidated)

Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,317.92	1,419.90	1,295.26	769.85
Total Income	783.89	3,451.26	3,276.16	1,447.54
Profit After Tax	94.39	176.40	261.51	23.11
Net Worth	328.70	233.54	42.57	-228.37
Reserves and Surplus	306.57	211.41	20.44	-250.50
Total Borrowing	292.69	276.06	84.24	191.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

45.31

Promoter Shareholding (Post-Issue)

33.28

P/E Ratio

14.53

8.57

Market Cap

₹33.09 Cr.

₹38.62 Cr.

ROE

10.00%

127.77%

ROCE

11.29%

5.28%

Debt/Equity

0.35

1.18

EPS

₹1.79

₹2.10

RoNW

9.53%

75.53%

Shares Offered

In the Marinetrans IPO Retail Individual Investors (RII) are offered 19,92,000 shares while in Net Avenue Technologies IPO retail investors are offered 19,92,000 shares. Qualified Institutional Buyers (QIB) are offered in Marinetrans IPO and 10,80,000 shares in Net Avenue Technologies IPO.

	Marinetrans IPO	Net Avenue Technologies IPO
Anchor Investor Reserveration		16,16,000 shares
Market Maker Reserveration	2,16,000 shares	2,88,000 shares
QIB		10,80,000 shares
NII	19,92,000 shares	8,16,000 shares
RII	19,92,000 shares	18,96,000 shares
Employee
Others
Total	39,84,000 shares	54,08,000 shares

Bids Received (Subscription)

Marinetrans IPO subscribed 33.00x in total, whereas Net Avenue Technologies IPO subscribed 511.21x.

	Marinetrans IPO	Net Avenue Technologies IPO
QIB (times)		61.99x
NII (times)	18.05x	616.25x
Big NII (times)
Small NII (times)
RII (times)	47.24x	721.89x
Employee (times)
Other (times)
Total (times)	33.00x	511.21x

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