Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Thu, Nov 30, 2023 - Tue, Dec 5, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Nov 30, 2023
IPO Close
Tue, Dec 5, 2023
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹33.09 Cr
| IPO Date | 30 Nov to 5 Dec, 2023 |
| Listed on | Fri, Dec 8, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 2,16,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.5616 Cr) |
| Fresh Issue (Ex Market Maker) | 39,84,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 39,84,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 85,26,000 shares |
| Share Holding Post Issue | 1,27,26,000 shares |
| NSE Symbol | MARINETRAN |
| ISIN | INE0P1P01017 |
Marinetrans IPO comprises a total issue size of 42,00,000 shares. The net offer to the public is 39,84,000 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 19,92,000 (50.00%) allocated to NII 19,92,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,92,000 | 50.00% | 47.43% |
| Retail Shares Offered | 19,92,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,16,000 | 5.14% | |
| Total Shares Offered | 42,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 May 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 26.15 | 26.19 | 23.06 | 22.04 |
| Total Income | 13.84 | 150.37 | 203.27 | 96.13 |
| Profit After Tax | 0.14 | 1.53 | 1.86 | 0.80 |
| NET Worth | 16.18 | 16.04 | 14.51 | 12.56 |
| Total Borrowing | 6.04 | 5.58 | 2.53 | 2.12 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of working capital requirements of the Company | 7.88 |
| 2 | General Corporate Expenses | 2.46 |
| KPI | |
|---|---|
| ROE | 10.00% |
| ROCE | 11.29% |
| Debt/Equity | 0.35 |
| RoNW | 9.53% |
| PAT Margin | 1.02% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.79 | |
| P/E (x) | 14.53 | 39.39 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹33.09 Cr. |
The Marinetrans India IPO is subscribed 33 times on December 5, 2023 7:29:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 18.05 | 19,92,000 | 3,59,60,000 |
| Retail | 47.24 | 19,92,000 | 9,41,04,000 |
| Total | 33 | 39,84,000 | 13,14,68,000 |
Total Application : 23,526
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursement of underwriting fees, Lead Manager fees, brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrar etc | 0.45 |
| 2 | Advertising and Marketing Expenses | 0.02 |
| 3 | Regulatory and other fees | 0.12 |
| 4 | Other Expenses (printing, stationery expenses, postage etc.) | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹31.50 |
| Last Trade | ₹31.00 |
Lead Manager Reports
Marinetrans IPO is a SME IPO of 42,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Nov 30, 2023, and closes on Tue, Dec 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 Thu, Nov 30, 2023 and closes on Tue, Dec 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 Thu, Dec 7, 2023. Check the Marinetrans IPO allotment status.
The Marinetrans IPO listing date is on Fri, Dec 8, 2023.
