The Marinetrans India IPO date has been confirmed to have started on November 30 and will close on December 5
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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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 is ₹3.
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 in charge of receiving and verifying the booking order, as well as confirming the shipping line, arranging direct customer transportation, stowing and protecting the shipment at the port, and coordinating with the customer until the products are delivered. The company is based in Navi Mumbai, Maharashtra, and has offices 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, founded in 2004, provides transportation management and freight-related services. Through informal partnerships with third-party suppliers, the company began as a goods forwarder and later expanded into door-to-door delivery and 3PL services for the logistics industry. Marinetrans offers freight transportation services that encompass both sea freight and air freight. Additionally, the company has formed alliances with other intermediaries to provide additional services such as transportation, 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 | ipo@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Marinetrans India Limited |
| Phone number | +91-7777045320 |
| Email ID | compliance@marinetrans.in |
| Website | marinetrans.in |
IPO Strenghts
- 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.
