Marinetrans India IPO is a fixed price issue of Rs 10.92 crores. The issue is entirely a fresh issue of 42 lakh shares.
Marinetrans India IPO bidding opened for subscription on November 30, 2023 and will close on December 5, 2023. The allotment for the Marinetrans India IPO is expected to be finalized on Friday, December 8, 2023. Marinetrans India IPO will list on NSE SME with tentative listing date fixed as Monday, December 11, 2023.
Marinetrans India IPO 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.
Swaraj shares and securities private limited is the book running lead manager of the Marinetrans India IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Marinetrans India IPO is Nnm Securities.
Refer to Marinetrans India IPO RHP for detailed information.
Marinetrans India IPO Details
| IPO Date | November 30, 2023 to December 5, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,200,000 shares (aggregating up to ₹10.92 Cr) |
| Fresh Issue | 4,200,000 shares (aggregating up to ₹10.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,526,000 |
| Share holding post issue | 12,726,000 |
| Market Maker portion | 216,000 shares Nnm Securities |
Marinetrans India IPO Reservation
Marinetrans India IPO offers 4,200,000 shares. 1,992,000 (47.43%) to NII, 1,992,000 (47.43%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 216,000 (5.14%) |
| Other Shares Offered | 1,992,000 (47.43%) |
| Retail Shares Offered | 1,992,000 (47.43%) |
| Total Shares Offered | 4,200,000 (100%) |
Marinetrans India IPO Timeline (Tentative Schedule)
Marinetrans India IPO opens on November 30, 2023, and closes on December 5, 2023.
| IPO Open Date | Thursday, November 30, 2023 |
| IPO Close Date | Tuesday, December 5, 2023 |
| Basis of Allotment | Friday, December 8, 2023 |
| Initiation of Refunds | Monday, December 11, 2023 |
| Credit of Shares to Demat | Sunday, December 10, 2023 |
| Listing Date | Monday, December 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 5, 2023 |
Marinetrans India IPO Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
| HNI (Min) | 2 | 8,000 | ₹208,000 |
| Lot Size Calculator |
Marinetrans India IPO Promoter Holding
The Promoters of the company are Mr Tirah Kumar Babu Kotian and Mr. Arunkumar Narayan Hegde.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Marinetrans India Limited
Incorporated in June 2004, Marinetrans is engaged in the business of sea freight forwarding. The company began as a freight forwarder and later expanded to offer Door-to-Door Delivery and 3PL services for the logistics industry through informal agreements with third-party service providers. The company provides a wide range of transport management and freight-related services to its customers, including Freight Forwarding, which covers both sea and air freight.
The company is headquartered in Navi Mumbai, Maharashtra, and has a branch in Ahmedabad, Gujarat. It primarily operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and other locations in India to transport cargo across the world.
The Company’s primary responsibility is to obtain and confirm the Sales Booking Request, confirm the Shipping Line, ensure direct customer transport, stuffing, and transportation within the dock area. The Company acts as a point of contact between the Shipping Line and the customer and coordinates with them until the delivery of the goods. It’s important to note that the Company doesn’t operate through ports directly.
Marinetrans India Limited Financial Information (Restated Consolidated)
Marinetrans India Limited’s revenue decreased by -26.03% and profit after tax (PAT) dropped by -17.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 May 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,615.36 | 2,618.58 | 2,305.89 | 2,204.06 |
| Revenue | 1,384.38 | 15,036.84 | 20,327.23 | 9,613.13 |
| Profit After Tax | 13.91 | 152.83 | 186.24 | 79.78 |
| Net Worth | 1,617.96 | 1,604.04 | 1,451.22 | 1,255.94 |
| Reserves and Surplus | ||||
| Total Borrowing | 603.68 | 557.98 | 252.75 | 212.38 |
| Amount in ₹ Lakhs |
Key Performance Indicator
Marinetrans India IPO Market Cap is Rs 33.09 Cr and P/E (x) is 14.53.
| KPI | Values |
|---|---|
| P/E (x) | 14.53 |
| Post P/E (x) | 39.39 |
| Market Cap (₹ Cr.) | 33.09 |
| ROE | 10.00% |
| ROCE | 11.29% |
| Debt/Equity | 0.35 |
| EPS (Rs) | 1.79 |
| RoNW | 9.53% |
Check Marinetrans India IPO Peer Comparison here.
Objects of the Issue (Marinetrans India IPO Objectives)
The company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the NSE Emerge Platform:
- Funding of working capital requirements of the Company.
- General Corporate Expenses
- Issue Expenses
Marinetrans India IPO Review (Avoid)
[Dilip Davda] The company is a third party Marinetrans logistics service provider. It has posted inconsistency in its financial performances for the reported periods. Based on its FY24 annualized earnings, the issue is exorbitantly priced. There is no harm in skipping this pricey bet. Read detail review…
Marinetrans India IPO Subscription Status (Bidding Detail)
The Marinetrans India IPO is subscribed 2.22 times on December 1, 2023 11:51:00 AM (Day 2). The public issue subscribed 3.84 times in the retail category, [.] times in the QIB category, and 0.60 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.60 | 19,92,000 | 11,92,000 |
| Retail | 3.84 | 19,92,000 | 76,56,000 |
| Total | 2.22 | 39,84,000 | 88,48,000 |
Total Application : 1,914 (3.84 times)
*Market Maker portion is not included to NII/HNI.
Marinetrans India Limited Contact Details
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/
Marinetrans India IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php