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Marinetrans IPO is a fixed price issue of ₹10.92 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹10.92 crore.
Marinetrans IPO bidding started from Nov 30, 2023 and ended on Dec 5, 2023. The allotment for Marinetrans IPO was finalized on Dec 6, 2023. The shares got listed on NSE SME on Dec 8, 2023.
Marinetrans IPO price is ₹26.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Swaraj shares & securities Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Marinetrans IPO RHP for detailed Information.
| IPO Date | November 30, 2023 to December 5, 2023 |
| Listing Date | December 8, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,00,000 shares (aggregating up to ₹10.92 Cr) |
| Reserved for Market Maker | 2,16,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.5616 Cr) |
| Net Offered to Public | 39,84,000 shares (aggregating up to ₹10.36 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 85,26,000 shares |
| Share Holding Post Issue | 1,27,26,000 shares |
Marinetrans India IPO offers total 42,00,000 shares. Out of which 19,92,000 (47.43%) allocated to NII, 19,92,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,16,000 (5.14%) |
| NII (HNI) Shares Offered | 19,92,000 (47.43%) |
| Retail Shares Offered | 19,92,000 (47.43%) |
| Total Shares Offered | 42,00,000 (100.00%) |
Marinetrans IPO opens on November 30, 2023, and closes on December 5, 2023.
| IPO Open Date | Thu, Nov 30, 2023 |
| IPO Close Date | Tue, Dec 5, 2023 |
| Tentative Allotment | Wed, Dec 6, 2023 |
| Initiation of Refunds | Thu, Dec 7, 2023 |
| Credit of Shares to Demat | Thu, Dec 7, 2023 |
| Tentative Listing Date | Fri, Dec 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 5, 2023 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| 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 | ||||
The market capitalization of Marinetrans IPO is ₹33.09 Cr.
| KPI | Values |
|---|---|
| ROE | 10.00% |
| ROCE | 11.29% |
| Debt/Equity | 0.35 |
| RoNW | 9.53% |
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...
| Listing Date | December 8, 2023 |
| BSE Script Code | |
| NSE Symbol | MARINETRAN |
| ISIN | INE0P1P01017 |
| Final Issue Price | ₹26 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹31.50 |
| Last Trade | ₹31.00 |
Marinetrans India Ltd.
801/802, 8th Floor, Vindhya Commercial Complex
Plot No. 1, Sector 11, CBD Belapur
Thane -
Navi Mumbai, Maharashtra, 400614
Phone: +91-7777045320
Email: compliance@marinetrans.in
Website: https://marinetrans.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Marinetrans IPO is a SME IPO of 42,00,000 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.
The IPO opens on November 30, 2023, and closes on December 5, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Marinetrans IPO using UPI as a payment gateway. Zerodha customers can apply in Marinetrans IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Marinetrans IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Marinetrans IPO opens on November 30, 2023 and closes on December 5, 2023.
Marinetrans IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Marinetrans IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Marinetrans 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 IPO allotment status.
The Marinetrans IPO listing date is on Friday, December 8, 2023.
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