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Let’s have a detailed review of the company and analytics of the Marinetrans India IPO release date, IPO offer price, subscription, Marinetrans India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 26
Listing At NSE, SME
Min. Order Quantity 4000 Shares
Listing Date December 11, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 1092 Lakh
IPO Size Rs 1092 Lakh
Tick Size 1

Marinetrans India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Marinetrans India Share Price

Marinetrans India IPO – Summary

Marinetrans India IPO‘Marinetrans’, the name aptly suggests, is a business specializing in sea freight forwarding. Our 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.

In the subsequent calendar year, our Company promoter, extended this vision by incorporating and investing in ‘Safewater Lines India Private Limited’ to expand our presence in sea freight forwarding.


Marinetrans India IPO Date

The opening and closing dates of Marinetrans India IPO are November 30, 2023 and December 5, 2023 respectively.

Marinetrans India IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 30th Nov 0.55x 2.58x 1.59x
2nd Day –  1st Dec 1.18x 5.92x 3.55x
3rd Day – 4th Dec 2.51x 13.75x 8.13x
4th Day – 5th Dec 18.05x 47.24x 33.00x
Shares Offered or Net Issue 1,992,000 1,992,000 4,200,000

The shares subscribed by the public will be updated here.

Marinetrans India IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Marinetrans India Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization December 8, 2023
Refunds Initiation December 9, 2023
Credit of Shares to Demat Account December 10, 2023
Share Listing Date December 11, 2023

Marinetrans India IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.26

Marinetrans India IPO Equity Size

This Initial Public Issue of 4,200,000 Equity Shares of Rs.10 each for cash at a price of Rs.26 per equity share aggregating to Rs.1092 Lakh.

Marinetrans India IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,200,000 Equity Shares of Rs.10/ each.

Issue Size: 4,200,000 Equity Shares of Rs.10 each, aggregating to Rs.1092 Lakh

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    Marinetrans India IPO – Live Performance

    The listing date of this IPO is December 11, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Marinetrans India Share Price

    Marinetrans India IPO Grey Market Premium

    The Marinetrans India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Marinetrans India IPO – Company Overview

    Our 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.

    We offer our customers a comprehensive range of transport management and freight-related services. Our services encompass Freight Forwarding, including both sea freight and air freight.

    Additionally, we 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 our customers’ diverse needs.

    Marinetrans India IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-May-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets 2,615.36 2,618.58 2,305.89 2,204.06
    *Total Revenue 1,384.38 15,036.84 20,327.23 9,613.13
    Total Expense 1,366.34 14,828.77 20,077.32 9,503.45
    Profit After Tax 13.91 152.83 186.24 79.78

    Earnings per Equity Share (in Lakh)

    31-May-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 0.98 1.79 2.18 4.91

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 152.83 Lakh, Rs. 186.24 Lakh and Rs. 79.78 Lakh respectively.

    Marinetrans India IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Tiraj Kumar Babu Kotian, Managing Director
    • Benny Xavier Dcost, Non-Executive Director
    • Vani Ramesh Alva, Non-executive independent director
    • Shobha Rustagi, Non-executive independent director

    Marinetrans India IPO – Promoters Holding

    • Pre-Issue Share Holding – 100.00%
    • Post-Issue Share Holding – %

    Marinetrans India IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 4,200,000 Equity Shares aggregating up to Rs.1092 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 2,16,000 Equity Shares aggregating up to Rs.56.16
    Net Issue to the Public Up to 39,84,000 Equity Shares aggregating up to Rs.1035.84
    Of which:
    Retail Investors Portion Not less than 19,92,000 Equity Shares
    Other than Retail Individual Investors Not more than 19,92,000 Equity Shares
     Equity Shares outstanding prior to the Issue 85,26,000 Equity Shares
     Equity Shares outstanding after the Issue 1,27,26,000 Equity Shares

    Marinetrans India IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • Funding of working capital requirements of the Company.
    • General Corporate Expenses
    • Issue Expenses

    Marinetrans India IPO – Business Strategy

    • Focus on Increase in Volume of Sales
    • Reduction of operational costs and achieving efficiency
    • Leverage and enhance our goodwill in the market

    Marinetrans India IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Organizational stability, Rich management experience and skilled team
    • Smooth flow of operations
    • Well-defined organizational structure
    • Existing Supplier Relationship
    • Customer-Centric Business Approach

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 1.79 9.53 18.81
    31-Mar-22 2.18 12.83
    Mar-21 4.91 6.31

    Marinetrans India IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Marinetrans India Limited 10 14.53 1.79 9.53 18.81
    Listed Peers
    Cargosol Logistics Ltd 10 8.56 4.79 15.69 26.26
    Cargotrans Maritime Ltd 10 12.54 5.74 18.46 75.62
    AllCargo Logistics Ltd 2 13.88 25.62 22.37 126.75
    Total Transport Systems 10 35.66 3.47 6.77 48.14

    Marinetrans India IPO Lead Managers

    Lead Managers
    Principal Place of Business: 304, A Wing, 215 Atrium Near Courtyard Marriot, Andheri
    Kurla Road, Andheri East, Mumbai – 400093, Maharashtra, India
    Contact Number: +91-22-6964-9999
    Email Address: compliance@swarajshares.com
    Investor Grievance Email ID:investor.relations@swarajshares.com
    Contact Person: Pankita Patel/ Tanmoy Banerjee
    Website: www.swarajshares.com
    SEBI Registration Number: INM000012980
    CIN: U51101WB2000PTC092621

    Marinetrans India IPO Registrar to offer

    Registrar to the Offer
    CIN No: U74899DL1995PTC071324
    D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi 110020
    Contact Number: +91-11-40450193-197
    Email: ipo@skylinerta.com
    Investor Grievance E-Mail: grievances@skylinerta.com
    Contact Person: Mr. Anuj Kumar
    Website: www.skylinerta.com
    SEBI Registration No.: INR000003241

    Marinetrans India IPO – Other Details

    • Statutory Auditor – G M C S & Co., Chartered Accountants
    • Legal Counsel to the Company – Candour Legal
    • Bankers to the Company –  ICICI BANK LIMITED

    Marinetrans India IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Marinetrans India Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Marinetrans India IPO Review FAQs

      Check out various FAQs related to Marinetrans India IPO:

      What is the Issue Size of Marinetrans India IPO?

      The Company is making an initial public offer of 4,200,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Marinetrans India IPO?

      The price band for this particular IPO ranges between Rs 26. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Marinetrans India IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on November 30, 2023, while the closing date is set at December 5, 2023.

      What is the Marinetrans India IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 8, 2023, refund initiation is on December 9, 2023, credit of shares is on December 10, 2023, and share listing date is on December 11, 2023.

      What is the Marinetrans India IPO Listing Date?

      Shares of this company shall be listed in the exchanges on December 11, 2023. The date, when the listing would be done, is stagnant on December 11, 2023.

      Who is the Registrar of Marinetrans India IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Marinetrans India IPO?

      Here are the promoters of this IPO – MR. TIRAJ KUMAR BABU KOTIAN AND MR. ARUNKUMAR NARAYAN HEGDE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Marinetrans India IPO?

      We have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Marinetrans India IPO Good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Marinetrans India Company?

      We have the information on company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 152.83, 2022 is 186.24, and 2021 is 79.78. PAT from Jun 2023 is 13.91.

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