Marinetrans India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 05, 2023Let’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’, 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.
The Promoter of this company is MR. TIRAJ KUMAR BABU KOTIAN AND MR. ARUNKUMAR NARAYAN HEGDE. The lead manager of the issue is SWARAJ SHARES AND SECURITIES PRIVATE LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
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:
- MR. TIRAJ KUMAR BABU KOTIAN
- MR. ARUNKUMAR NARAYAN HEGDE
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 Lakh |
| Net Issue to the Public | Up to 39,84,000 Equity Shares aggregating up to Rs.1035.84 Lakh |
| 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 |
| SWARAJ SHARES AND SECURITIES PRIVATE LIMITED 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 |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED 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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