Marinetrans is doing business specializing in sea freight forwarding. The Company incorporated on June 24, 2004, was founded by Mr. Tiraj Kumar Babu Kotian with a clear vision of engaging in the trade and business of sea freight. The Company initially started as a freight forwarder, then went to Door-to-Door Delivery and 3PL services for the logistics industry via informal arrangements with third-party service providers.
Marinetrans India offers a comprehensive range of transport management and freight-related services. The services encompass Freight Forwarding, including both sea freight and air freight. Additionally, they have informal partnerships with various intermediaries to provide ancillary services such as Transportation, Multimodal Transportation, Project cargo handling, Third Party Logistics, Packaging, loading/unloading, and unpacking of items. These additional services enable us to provide end-to-end solutions and other value-added services that cater to the customers’ diverse needs.
The company operates from its 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.
Objects of the Issue:
- Funding of working capital requirements of the Company.
- General Corporate Expenses
- Issue Expenses
Marinetrans India IPO Review
- Avoid
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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Marinetrans India IPO Market Lot
The Marinetrans India IPO minimum market lot is 4000 shares with a ₹104,000 application amount.
| 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 Dates
The Marinetrans India IPO date is November 30 and the IPO close date is December 5. The IPO allotment date is December 6 and the IPO might list on December 8.
| IPO Open Date: | November 30, 2023 |
| IPO Close Date: | December 5, 2023 |
| Basis of Allotment: | December 6, 2023 |
| Refunds: | December 8, 2023 |
| Credit to Demat Account: | December 8, 2023 |
| IPO Listing Date: | December 8, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Marinetrans India IPO Form
How to apply Marinetrans India IPO? You can apply Marinetrans India IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Marinetrans India IPO in the Invest section. The other option you can apply Marinetrans India IPO via IPO forms download via the NSE website. Check out the Marinetrans India forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
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: [email protected]
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: [email protected]
Website: https://marinetrans.in/
One Response
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