Flair Writing IPO Overview:
Prepare for an exciting opportunity as the Marinetrans India IPO is on the horizon, scheduled to kick off on November 30 and conclude on December 5. This NSE SME IPO aims to raise ₹10.92 crores, with a fixed price band set at ₹26 and a market lot size of 4000 shares.
Marinetrans India specializes in the realm of sea freight forwarding, with its roots tracing back to its incorporation on June 24, 2004, by Mr. Tiraj Kumar Babu Kotian. With a focused vision on engaging in sea freight trade and business, the company initially began as a freight forwarder. Over time, it expanded its services to include Door-to-Door Delivery and 3PL services, forming informal partnerships with third-party service providers in the logistics industry.
The offerings from Marinetrans India encompass a comprehensive array of transport management and freight-related services. This includes both sea freight and air freight services. Beyond that, the company has forged informal collaborations with various intermediaries to offer ancillary services such as Transportation, Multimodal Transportation, Project cargo handling, Third Party Logistics, Packaging, loading/unloading, and unpacking of items. This strategic approach allows Marinetrans India to provide end-to-end solutions and additional value-added services to meet the diverse needs of its customers.
Operating from its headquarters in Navi Mumbai, Maharashtra, and a branch in Ahmedabad, Gujarat, Marinetrans India primarily conducts its operations through key locations such as JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and more. Get ready to explore the potential of Marinetrans India in the sea freight forwarding domain with its upcoming IPO.
Purpose of the Offering:
- Securing funds for the day-to-day operational needs of the company.
- Covering general corporate expenses.
- Addressing the costs associated with the IPO issuance.
Marinetrans India IPO Review (Apply or Not)
- Not
Marinetrans India IPO: Information on Date and Price Band.
| 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
The market lot for Marinetrans India IPO
To jump into the Marinetrans India IPO, the smallest investment package consists of 4000 shares, requiring an application amount of ₹104,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹104,000 |
| Retail Maximum | 1 | 4000 | ₹104,000 |
| S-HNI Minimum | 2 | 2400 | ₹208,000 |
Marinetrans India IPO: Allotment and Listing Dates.
Mark your calendars for the Marinetrans India IPO, scheduled to commence on November 30 and conclude on December 5. Expect the IPO allotment results to be unveiled on December 6, with the possibility of the IPO being listed on December 8.
| IPO Open Date: | 30-November-2023 |
| IPO Close Date: | 5-December-2023 |
| Basis of Allotment: | 6-December-2023 |
| Refunds: | 8-December-2023 |
| Credit to Demat Account: | 8-December-2023 |
| IPO Listing Date: | 8-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Flair Writing IPO
Keen on applying for the Marinetrans India IPO? It’s a breeze! Simply use the ASBA (Application Supported by Blocked Amount) facility through your bank account. Just log in to your online banking, head to the Invest section, and choose Marinetrans India IPO for your application.
Alternatively, you have the option to download IPO forms directly from the NSE website. Click on NSE IPO Forms, grab the Marinetrans India forms, fill them out, and then either submit them at your bank or hand them over to your broker. Easy as that!
Marinetrans India Company Financial Report
| ₹ in Crores | |||
| 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 Valuation – FY2023
Check Marinetrans India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.79 per Equity Share |
| Price/Earning P/E Ratio: | 14.53 |
| Return on Net Worth (RoNW): | 9.53% |
| Net Asset Value (NAV): | ₹18.81 per Equity Share |
Peer Group
- Cargosol Logistics Ltd
- Cargotrans Maritime Ltd
- AllCargo logistics Ltd
- Total Transport Systems
Company Promoters
- Mr Tirah Kumar Babu Kotia
- Mr. Arunkumar Narayan Hegde
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 Allotment Status
Check Marinetrans India IPO allotment status on Skyline website URL. Click Here
Marinetrans India IPO Lead Managers aka Merchant Bankers
- Swaraj shares and securities private limited
Company Address
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/
