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Marinetrans India Limited SME IPO
Issue Size (Net)
up to Rs.10.92 Cr
Price Band
Rs.26 per share
Issue Opens
30 Nov 2023
Issue Closes
05 Dec 2023

Company Highlights

1.Company Information

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.

2. Objects of the Issue

1. Funding of working capital requirements of the Company.

2. General Corporate Expenses

3. Issue Expenses

3. Marinetrans India IPO Registrar
Skyline Financial Services Private Ltd

Phone:02228511022

Email:ipo@skylinerta.com

Website:https://www.skylinerta.com/ipo.php

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
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-May-23
2615.36
1384.38
13.91
1617.96
603.68
31-Mar-23
2618.58
15036.84
152.83
1604.04
557.98
31-Mar-22
32305.89
20327.23
186.24
1451.22
252.75
31-Mar-21
2204.06
9613.13
79.78
1255.94
212.38
Amount in Rs. Lakhs

Marinetrans India IPO Details

Issue Opening Date
November 30, 2023
Issue Closing Date
December 05, 2023
Face Value
Rs.10 per share
Price
Rs.26 per share
Lot Size
4000 Shares
Issue Size
4,200,000 shares (aggregating up to Rs.10.92 Cr)
Fresh Issue
4,200,000 shares (aggregating up to Rs.10.92 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
8,526000
Share holding post issue
12,726000
Market Maker portion
216,000 shares Nnm Securities

Marinetrans India IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Thursday, November 30, 2023
Closing 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

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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