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SME IPO Status: Listed [30th Nov 2023 to 5th Dec 2023]
Marinetrans India IPO, a SME IPO of ₹10.92 Cr was launced on 30-11-2023 to 05-12-2023 and the shares got listed on NSE SME on 08-12-2023.
The public issue of Marinetrans India IPO (MARINETRAN) was offered at ₹26.00 per share and the ipo was listed at ₹30. It has delivered listing gain of 15.38%.
As the minimum lot size was 4000 shares, the IPO has offered Rs 16000 per lot return on listing.
| SME IPO Issue Opening Date: | 30th Nov 2023 |
| SME IPO Issue Closing Date: | 5th Dec 2023 |
| SME IPO Issue Price: | ₹26.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹10.92 Cr |
| Fresh Issue: | ₹10.92 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | MARINETRAN |
Get important updates regarding Marinetrans India SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th Dec 2023 |
| Refunds Initiation* | 7th Dec 2023 |
| Credit of Shares to Demat* | 7th Dec 2023 |
| SME IPO Listing Date* | 8th Dec 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹26.00 |
| Market Lot: | 4000 Shares |
| 1 Lot Amount: | ₹104000 |
| Min HNI Lots: | 8000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 08-12-2023 | 26.00 | 3 | 9100 | ₹29 (11.54%) | 8-Dec-2023 9:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Marinetrans India Limited was incorporated on June 24, 2004. It offers its customers a comprehensive range of transportation management and freight-related services. The services include freight forwarding services, including sea and air freight. In addition, the company has informal partnerships with various intermediaries to provide additional services such as transportation, multimodal transportation, project cargo handling, third-party logistics, packing, loading/unloading and unpacking of items. These additional services allow us to offer end-to-end solutions and other value-added services to meet the diverse needs of customers.
Their main objective is to ensure the safe transportation and delivery of goods from start to finish. They achieve this by using their expertise to identify and recommend the optimal solution for each customer’s specific business environment. The dedicated team of experienced shipping and customs experts work tirelessly to provide customers with customized solutions at affordable prices. Strengthening customer relationships and consistently providing quality products, services and solutions are at the heart of their mission.
The company is headquartered in Navi Mumbai, Maharashtra and has one of its branches in Ahmedabad, Gujarat. The company operates mainly through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag etc. and can move cargo from anywhere in India to anywhere in the world. The company is mainly responsible for obtaining and confirming the booking request, confirming the shipping line, ensuring direct transportation by the customer, loading, ensuring transportation at the port and coordinating with the customer till the goods are delivered. As the company mainly acts as a contact point between the shipping company and the customer, it does not operate through the ports per se.
| Incorporation | Sector | IPO Issue Size | Website |
| 2004 | Transport Services | ₹10.92 Cr | https://marinetrans.in/ |
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:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,992,000 (50%) | 1,992,000 (50%) | 3,984,000 | |
| 1 | 30th Nov 2023 19:31 | 0.56x | 2.62x | 1.59x |
| 2 | 1st Dec 2023 19:31 | 1.18x | 5.92x | 3.55x |
| 3 | 4th Dec 2023 19:31 | 2.51x | 13.75x | 8.13x |
| 4 | 5th Dec 2023 19:31 | 18.05x | 47.24x | 33.00x |
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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Marinetrans India Limited | 1.79 | 1.79 | 14.53 | 9.53 | Consolidated | |
| Cargosol Logistics Ltd | 4.79 | 8.56 | 15.69 | Consolidated | ||
| Cargotrans Maritime Ltd | 5.74 | 12.54 | 18.46 | Consolidated | ||
| AllCargo logistics Ltd | 25.62 | 13.88 | 22.37 | Consolidated | ||
| Total Transport Systems | 3.47 | 35.66 | 6.77 | Consolidated |
Last Updated on 12-Dec-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Marinetrans India SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Marinetrans India SME IPO with Zerodha.
Alternate approch to apply in Marinetrans India SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Marinetrans India SME IPO Review and Important Updates
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To subscribe or apply in Marinetrans India SME IPO, you can use the following methods:
| Marinetrans India SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Marinetrans India SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Marinetrans India SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Marinetrans India SME IPO. Most of the Syndicate Banks provide access to apply in Marinetrans India IPO via ASBA process. You must have your net banking access, DP ID information to apply in Marinetrans India SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Marinetrans India SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Marinetrans India SME IPO Review and Important Updates
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Marinetrans India SME IPO is going to be list on 08-12-2023. NSE Code for Marinetrans India is MARINETRAN.
Other relevant questions:
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Marinetrans India SME IPO Allotment Date is 06-12-2023.
Other relevant questions:
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