IPO Issue Details
Issue Price / Price Band₹26 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size42,00,000 shares (aggregating up to ₹10.92 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 30 Nov 2023
Subscription CloseTue, 05 Dec 2023
Anchor AllotmentWed, 29 Nov 2023
Basis of AllotmentWed, 06 Dec 2023
Initiation of RefundsThu, 07 Dec 2023
Credit of Shares to DematThu, 07 Dec 2023
Listing DateFri, 08 Dec 2023
UPI Mandate Deadline2023-12-05
Application & Investment Details
Retail — Min (1 Lots)₹1,04,000 — 4,000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)₹2,08,000 — 8,000 shares
NII / HNI Quota47.43% of Issue
Retail Quota47.43% of Issue
Market Maker Quota5.14% of Issue
EPS (Pre-IPO)₹1.79
P/E Ratio (Pre-IPO)14.53x
P/E Ratio (Post-IPO)39.39x
Net Offer to Public39,84,000 shares (aggregating up to ₹10.36 Cr)
Reserved for Market Maker2,16,000 shares (aggregating up to ₹0.5616 Cr)
Pre-IPO Promoter Holding85,26,000 shares
Post-IPO Promoter Holding1,27,26,000 shares
About Marinetrans India Ltd
Incorporated in 2004, Marinetrans India Limited provides transport management and freight-related services.The company initially started as a freight forwarder and then moved into door-to-door delivery and 3PL services for the logistics industry through informal arrangements with third-party providers.Marinetrans provides freight transportation services that include both sea and air freight services. The company has also partnered with various intermediaries to provide additional services such as transportation, multimodal transport, project cargo handling, third-party logistics, packing, loading/unloading, and unpacking of items.Marinetrans is responsible for obtaining and confirming the booking order, confirming the shipping line, securing direct customer transportation, stowing and securing the shipment at the port, and coordinating with the customer until the goods are delivered.The company is headquartered in Navi Mumbai, Maharashtra, and has branches in Ahmedabad, Gujarat.
Objects of the Issue
Marinetrans India Ltd proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
Funding of working capital requirements of the Company.
2
General Corporate Expenses
Shareholding & Lock-in
Pre-IPO Promoter Holding
85,26,000 shares
Post-IPO Promoter Holding
1,27,26,000 shares
