Marinetrans India IPO

Marinetrans India IPO will open for subscription from 30 November 2023. The company aims for an issue size of ₹10.92 Cr through this IPO.

Company Overview

Full nameMarinetrans India Limited
Company Website

About Company

Marinetrans India 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 offers its customers a comprehensive range of transport management and freight-related services. Its services encompass Freight Forwarding, including both sea freight and air freight.

The company is mainly responsible for obtaining and confirming the Sales Booking Request, Confirming the Shipping Line, ensuring Direct Customer Transport, Stuffing, and ensuring transportation in the dock, and coordinating with the customer until the delivery of the goods. Since, the company is a point of contact between the Shipping Line, and the customer, it doesn’t operate through ports directly. Marinetrans India operates a head office situated in Navi Mumbai, Maharashtra, along with one of its branches located in Ahmedabad, Gujarat. The company mainly operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, etc, and can take cargo from any location in India to across the world.

The Objectives of the Issue

  • Funding of working capital requirements of the Company.
  • General Corporate Expenses
  • Issue Expenses

Marinetrans India IPO Timetable

IPO Opening date30 November 2023
IPO Closing05 December 2023
Basis of Allotment08 December 2023
Initiation Refund11 December 2023
Credit to Demat Account10 December 2023
Listing Date11 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 5, 2023)

Marinetrans India IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹10.92 Cr – 4,200,000 shares
Fresh Issue₹10.92 Cr – 4,200,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹26 per share
Lot size4000 Shares
Market Maker portion216,000 shares
Shareholding pre-issue8,526,000
Shareholding post-issue12,726,000
Listing ExchangeNSE SME

Marinetrans India IPO Lot Size

Retail (Min)14000₹104,000
Retail (Max)14000₹104,000
HNI (Min)28,000₹208,000

Marinetrans India IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered216,000 (5.14%)
Other Shares Offered1,992,000 (47.43%)
Retail Shares Offered1,992,000 (47.43%)
Total Shares Offered4,200,000 (100%)

Marinetrans India Financial Performance

 FY 2021FY 2022FY 20232M FY 2024
Net income0.801.861.530.14
(Amount in ₹ Crores)

Marinetrans India Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio14.53
RONW (%)6.3112.839.53
ROCE (%)10.1316.7211.29
EBITDA (%)1.651.441.78

Company Promoters

  • Mr Tirah Kumar Babu Kotian
  • Mr. Arunkumar Narayan Hegde.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Marinetrans India Lead Manager(s)

304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999

Marinetrans India Registrar

D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi, 110020
Phone: 011-40450193-197

Marinetrans India Contact Details

801/802, 8thFloor, Vindhya Commercial Complex Plot No. 1,
Sector 11, CBD Belapur, Navi Mumbai, Thane-400614, Maharashtra
Phone: +91-7777045320

Marinetrans India Allotment Status

Marinetrans India IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.

Final thoughts

Marinetrans India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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