The Marinetrans India IPO date has been confirmed to have started on November 30 and will close on December 5. Read the post to learn about Marinetrans India IPO.
IPO Details: Marinetrans India is a NSE SME IPO to raise ₹10.92 crores via IPO. The price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹208,000.
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Key Details Of Marinetrans India IPO :
Bidding Dates
Nov 30-Dec 5
Price Range
₹26 Per Equity Share
Face Value
₹10 Per Equity Share
GMP
₹3
Marinetrans India IPO GMP
The Marinetrans India Limited IPO GMP Today is ₹3.
Marinetrans India IPO Overview
The Marinetrans India IPO is a fixed-price offering for Rs 10.92 crores. The 42 lakh shares are a completely new offering. Bidding for the Marinetrans India IPO began on November 30, 2023 and finished on December 5, 2023. The Marinetrans India IPO allotment was completed on Wednesday, December 6, 2023. On December 8, 2023, the shares were listed on the NSE SME. The IPO price for Marinetrans India is Rs. 26 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of $100,000. The minimum lot size for HNI is two lots (8,000 shares), totaling $200,000 in investment.
Marinetrans is responsible for receiving and checking booking orders, confirming shipping lines, organizing direct customer transportation, stowing and securing the shipment at the port, and liaising with the client until the items are delivered. The firm is headquartered in Navi Mumbai, Maharashtra, with operations in Ahmedabad, Gujarat.
Marinetrans India IPO Date & Price Band Details
| IPO Open: | November 30, 2023 |
| IPO Close: | December 5, 2023 |
| IPO Size: | Approx ₹10.92 Crores, 4,200,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹26 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Marinetrans India Company Financial Report
| Year | Revenue | Expense | PAT |
| 2021 | ₹96.13 | ₹95.03 | ₹0.80 |
| 2022 | ₹203.27 | ₹200.77 | ₹1.86 |
| 2023 | ₹150.37 | ₹148.29 | ₹1.53 |
| 2024 2M | ₹13.84 | ₹13.66 | ₹0.14 |
Marinetrans India IPO Dates
| IPO Open Date: | November 30, 2023 |
| IPO Close Date: | December 5, 2023 |
| Basis of Allotment: | December 8, 2023 |
| Refunds: | December 11, 2023 |
| Credit to Demat Account: | December 10, 2023 |
| IPO Listing Date: | December 11, 2023 |
Company Profile
Marinetrans India Limited, formed in 2004, offers transportation management and freight services. Through informal connections with third-party suppliers, the firm began as a products forwarder before expanding into door-to-door delivery and 3PL services for the logistics sector. Marinetrans provides freight transportation services, including both sea freight and air freight. Furthermore, the firm has created relationships with other intermediaries to provide other services such as transportation and multimodal.
transport, project cargo handling, third-party logistics, packing, loading/unloading, and unpacking of commodities.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Marinetrans India Limited |
| Phone number | +91-7777045320 |
| Email ID | [email protected] |
| Website | marinetrans.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Marinetrans India IPO FAQs
What is the Marinetrans India offer price band?
Marinetrans India public offer price is INR 26 per share.
What is the lot size of the Marinetrans India IPO?
Marinetrans India offer lot size is 4,000 shares.
What is Marinetrans India IPO GMP today?
Marinetrans India IPO GMP today is INR NA per share.
What is the Marinetrans India kostak rate today?
Marinetrans India kostak rate today is NA per application.
What is Marinetrans India Subject to Sauda rate today?
Marinetrans India Subject to Sauda rate today is INR NA per application.
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