Marinetrans India IPO Date, Review, Price, Allotment Details

Marinetrans India IPO Details: Marinetrans India IPO date is fixed, The IPO will open on November 30 and will close on December 5. Marinetrans India is a NSE SME IPO to raise ₹10.92 crores via IPO. The Marinetrans India IPO price band is fixed at ₹26 with a market lot of 4000 shares.
Marinetrans India IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum14000₹104,000
Retail Maximum14000₹104,000
S-HNI Minimum22400₹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
YearRevenueExpensePAT
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/

Marinetrans India IPO FAQs


What is Marinetrans India IPO?

Marinetrans India IPO is an NSE SME IPO. They are going to raise ₹10.92 Crores via IPO. The issue is priced at ₹26 per equity share. The IPO is to be listed on NSE.

When Marinetrans India IPO will open?

The IPO is to open on November 30, 2023 for NII, and Retail Investors.

What is Marinetrans India IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Marinetrans India IPO?

You can apply Marinetrans India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Marinetrans India IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Marinetrans India”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Marinetrans India IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Marinetrans India”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Marinetrans India IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Marinetrans India”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Marinetrans India IPO Size?

Marinetrans India IPO size is ₹10.92 crores.

What is Marinetrans India IPO Price Band?

Marinetrans India IPO Price Band is ₹26 per equity share.

What is Marinetrans India IPO Minimum and Maximum Lot Size?

The IPO bid is 4000 shares with ₹104,000.

What is Marinetrans India IPO Allotment Date?

Marinetrans India IPO allotment date is December 6, 2023.

What is Marinetrans India IPO Listing Date?

Marinetrans India IPO listing date is December 8, 2023. The IPO to list on NSE SME.

Note: The Marinetrans India IPO details are announced officially. The IPO grey market premium (Marinetrans India IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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