Marinetrans is engaged in the business of sea freight forwarding. The company began as a freight forwarder and later expanded to offer Door-to-Door Delivery and 3PL services for the logistics industry through informal agreements with third-party service providers. The company provides a wide range of transport management and freight-related services to its customers, including Freight Forwarding, which covers both sea and air freight.
The company is headquartered in Navi Mumbai, Maharashtra, and has a branch in Ahmedabad, Gujarat. It primarily operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and other locations in India to transport cargo across the world.
Marinetrans India IPO – Details
| IPO Opening Date | 30 November 2023 |
| IPO Closing Date | 05 December 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 42,00,000 Shares Worth ₹10.92 Crore Fresh Issue: 42,00,000 Shares Worth ₹10.92 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Marinetrans India IPO – Date Schedule
| IPO Open Date | 30 November 2023 |
| IPO Close Date | 05 December 2023 |
| Basis of Allotment | 08 December 2023 |
| Initiation of Refund | 09 December 2023 |
| Credit of Shares to Demat Account | 10 December 2023 |
| IPO Listing Date | 11 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 05, 2023 |
Marinetrans India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 4,000 | 1,04,000 |
| Retail (Maximum) | 1 | 4,000 | 1,04,000 |
| HNI (Minimum) | 2 | 8,000 | 2,08,000 |
Company Promoters
- Mr Tirah Kumar Babu Kotian
- Mr. Arunkumar Narayan Hegde
Object Of The Issue
- Funding of working capital requirements of the Company.
- General Corporate Expenses
- Issue Expenses
Company Financial
| 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 |
| Total Borrowing | 603.68 | 557.98 | 252.75 | 212.38 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 14.53 |
| ROE | 10.00% |
| ROCE | 11.29% |
| Debt/Equity | 0.35 |
| EPS (Rs) | 1.79 |
| RoNW | 9.53% |
Marinetrans India IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Marinetrans India IPO Prospectus
Company Contact Information
| 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/ |
Marinetrans India IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Marinetrans India IPO Lead Manager(s)
| 1. Swaraj shares and securities private limited |
Marinetrans India IPO FAQs
| What is Marinetrans India IPO? Marinetrans India IPO is a SME IPO. The issue is priced at ₹26 per equity share. The IPO is to be listed on NSE SME. |
| When Marinetrans India IPO will open? The IPO is to open on 30 November 2023 for Retail – 50% and Other – 50% Investors. |
| How to Marinetrans India IPO? You can apply Marinetrans India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Marinetrans India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Marinetrans India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Marinetrans India IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Marinetrans India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Marinetrans India IPO Size? Marinetrans India IPO size is ₹10.92 crores. |
| What is Marinetrans India IPO Price Band? Marinetrans India IPO Price Band is ₹26. |
| What is Marinetrans India IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,04,000 amount while the maximum bid is 8000 shares with ₹2,08,000. |
| What is the Marinetrans India IPO Allotment Date? Marinetrans India IPO allotment date is 08 December 2023. |
| What is the Marinetrans India IPO Listing Date? Marinetrans India IPO listing date is 11 December 2023. The IPO is to list on NSE SME. |
