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 name | Marinetrans India Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://marinetrans.in/ |
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 date | 30 November 2023 |
| IPO Closing | 05 December 2023 |
| Basis of Allotment | 08 December 2023 |
| Initiation Refund | 11 December 2023 |
| Credit to Demat Account | 10 December 2023 |
| Listing Date | 11 December 2023 |
Marinetrans India IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹10.92 Cr – 4,200,000 shares |
| Fresh Issue | ₹10.92 Cr – 4,200,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹26 per share |
| Lot size | 4000 Shares |
| Market Maker portion | 216,000 shares |
| Shareholding pre-issue | 8,526,000 |
| Shareholding post-issue | 12,726,000 |
| Listing Exchange | NSE SME |
Marinetrans India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
| HNI (Min) | 2 | 8,000 | ₹208,000 |
Marinetrans India IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 216,000 (5.14%) |
| Other Shares Offered | 1,992,000 (47.43%) |
| Retail Shares Offered | 1,992,000 (47.43%) |
| Total Shares Offered | 4,200,000 (100%) |
Marinetrans India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 2M FY 2024 | |
| Revenue | 95.82 | 203.21 | 150.27 | 13.84 |
| Expenses | 95.03 | 200.77 | 148.29 | 13.66 |
| Net income | 0.80 | 1.86 | 1.53 | 0.14 |
Marinetrans India Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.91 | 2.18 | 1.79 |
| PE ratio | – | – | 14.53 |
| RONW (%) | 6.31 | 12.83 | 9.53 |
| NAV | – | 17.02 | 18.81 |
| ROCE (%) | 10.13 | 16.72 | 11.29 |
| EBITDA (%) | 1.65 | 1.44 | 1.78 |
| Debt/Equity | 0.17 | 0.17 | 0.35 |
Company Promoters
- Mr Tirah Kumar Babu Kotian
- Mr. Arunkumar Narayan Hegde.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Marinetrans India Lead Manager(s)
SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999
Email: compliance@swarajshares.com
Website: www.swarajshares.com
Marinetrans India Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, First Floor, Okhla Industrial Area,
Phase-I, New Delhi, 110020
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Marinetrans India Contact Details
MARINETRANS INDIA LIMITED
801/802, 8thFloor, Vindhya Commercial Complex Plot No. 1,
Sector 11, CBD Belapur, Navi Mumbai, Thane-400614, Maharashtra
Phone: +91-7777045320
E-mail: compliance@marinetrans.in
Website: www.marinetrans.in
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
