Marinetrans IPO vs S J Logistics IPO

Comparison between Marinetrans IPO and S J Logistics IPO.

IPO Details

Marinetrans IPO is a SME Bookbuilding IPO proposed to list at NSE SME while S J Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.

	Marinetrans IPO	S J Logistics 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.	Hem Securities Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	NNM Securities Pvt.Ltd.	Hem Finlease Pvt.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 S J Logistics IPO is up to ₹45.59 Cr. The final issue price of Marinetrans IPO is ₹26.00 per share and of S J Logistics IPO is ₹125.00 per share.

	Marinetrans IPO	S J Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹121.00 per share
Issue Price (Upper)		₹125.00 per share
Issue Price (Final)	₹26.00 per share	₹125.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	1000 shares
Fresh Issue Size	39,84,000 shares	36,47,000 shares
Fresh Issue Size (Amount)	up to ₹10.36 Cr	up to ₹45.59 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	36,47,000 shares
Issue Size Total (Amount)	up to ₹10.36 Cr	up to ₹45.59 Cr

IPO Timetable

Marinetrans IPO opens on Nov 30, 2023, while S J Logistics IPO opens on Dec 12, 2023. The closing date of Marinetrans IPO and S J Logistics IPO is Dec 05, 2023, and Dec 14, 2023, respectively.

	Marinetrans IPO	S J Logistics IPO
Anchor Bid Date		Dec 11, 2023
Issue Open	Nov 30, 2023	Dec 12, 2023
Issue Close	Dec 05, 2023	Dec 14, 2023
Basis Of Allotment (Tentative)	Dec 06, 2023	Dec 15, 2023
Initiation of Refunds (Tentative)	Dec 07, 2023	Dec 18, 2023
Credit of Share (Tentative)	Dec 07, 2023	Dec 18, 2023
Listing date (Tentative)	Dec 08, 2023	Dec 19, 2023
Anchor Lockin End date 1		Jan 14, 2024
Anchor Lockin End date 2		Mar 14, 2024

Financials & KPIs

Marinetrans IPO P/E ratio is 14.53, as compared to S J Logistics IPO P/E ratio of 14.14.

Marinetrans IPO

S J Logistics 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

S J Logistics (India) Limited Financial Information (Restated Consolidated)

S J Logistics (India) Limited's revenue increased by 29.88% and profit after tax (PAT) rose by 340.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	10,541.07	8,104.32	5,062.51	5,013.55
Total Income	10,338.56	13,500.99	10,395.18	12,402.88
Profit After Tax	931.07	761.56	172.99	82.99
Net Worth	5,640.93	3,120.32
Reserves and Surplus	4,576.62	2,825.15	1,342.14	1,169.15
Total Borrowing	2,952.40	3,356.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

67.55

Promoter Shareholding (Post-Issue)

49.64

P/E Ratio

14.53

14.14

Market Cap

₹33.09 Cr.

₹181.04 Cr.

ROE

10.00%

24.41%

ROCE

11.29%

18.58%

Debt/Equity

0.35

1.08

EPS

₹1.79

₹8.84

RoNW

9.53%

24.41%

Shares Offered

In the Marinetrans IPO Retail Individual Investors (RII) are offered 19,92,000 shares while in S J Logistics IPO retail investors are offered 19,92,000 shares. Qualified Institutional Buyers (QIB) are offered in Marinetrans IPO and 7,30,000 shares in S J Logistics IPO.

	Marinetrans IPO	S J Logistics IPO
Anchor Investor Reserveration		10,92,000 shares
Market Maker Reserveration	2,16,000 shares	1,93,000 shares
QIB		7,30,000 shares
NII	19,92,000 shares	5,48,000 shares
RII	19,92,000 shares	12,77,000 shares
Employee
Others
Total	39,84,000 shares	36,47,000 shares

Bids Received (Subscription)

Marinetrans IPO subscribed 33.00x in total, whereas S J Logistics IPO subscribed 316.26x.

	Marinetrans IPO	S J Logistics IPO
QIB (times)		116.16x
NII (times)	18.05x	489.45x
Big NII (times)
Small NII (times)
RII (times)	47.24x	356.33x
Employee (times)
Other (times)
Total (times)	33.00x	316.26x

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