Marinetrans India IPO GMP

Marinetrans India Limited, a transportation management and freight-related services company, is all set to launch its SME IPO (Small and Medium Enterprise Initial Public Offering) on NSE Emerge. In this detailed blog, we will delve into the specifics of Marinetrans India’s IPO and take a closer look at the Grey Market Premium (GMP) associated with it.

Also See: All IPO GMP Price Today

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Marinetrans India SME IPO Details

  • Issue Size: Rs 10.92 Crores
  • Type: 100% Fresh Issue
  • Face Value: Rs 10 per share
  • IPO Price: Rs 26 per share
  • Lot Size: Minimum of 4000 shares or its multiples
  • IPO Opening Date: November 30, 2023
  • IPO Closing Date: December 05, 2023

Also See: Upcoming IPO in India

Marinetrans India IPO GMP

To gauge the market sentiment and potential performance of an IPO, investors often turn to the Grey Market Premium (GMP). GMP is the price at which an IPO is traded in an unofficial and unregulated grey market before its official listing. It offers insights into how the IPO might fare on its listing day. Here are the latest GMP figures for Marinetrans India’s IPO: [Last Updated: 08 Dec, 2023; 11:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
08-12-2023₹26.00₹39100₹29 (11.54%)
07-12-2023₹26.00₹39100₹29 (11.54%)
06-12-2023₹26.00₹39100₹29 (11.54%)
05-12-2023₹26.00₹39100₹29 (11.54%)
04-12-2023₹26.00₹39100₹29 (11.54%)
03-12-2023₹26.00₹0₹ (0%)
02-12-2023₹26.00₹0₹ (0%)
01-12-2023₹26.00₹0₹ (0%)
30-11-2023₹26.00₹0₹ (0%)
29-11-2023₹26.00₹0₹ (0%)
28-11-2023₹26.00₹0₹ (0%)
27-11-2023₹26.00₹0₹ (0%)
26-11-2023₹26.00₹0₹ (0%)

Latest IPO GMP:

You can track the live GMP status of Marinetrans India’s IPO and other upcoming and closed IPOs on the IPO GMP Dashboard at Stockesta.com.

Also See: Marinetrans India Limited IPO Details

Understanding IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) serves as a barometer for investor sentiment and potential listing day gains. A positive GMP suggests that the IPO is likely to debut at a profit, while a negative GMP indicates that it might list at a discount. However, it’s crucial to note that GMP is highly volatile and not regulated, making investment decisions based solely on GMP risky. It is advisable to consider all relevant factors before investing in the Marinetrans India SME IPO.

About Marinetrans India Limited

Marinetrans India Limited was founded on June 24, 2004, and specializes in providing comprehensive transportation management and freight-related services. Their services encompass freight forwarding, including sea and air freight, and they also have informal partnerships with intermediaries to offer additional services such as transportation, multimodal transportation, project cargo handling, third-party logistics, packing, loading/unloading, and unpacking of goods. This allows them to provide end-to-end solutions to meet diverse customer needs.

The company’s primary objective is to ensure the safe transportation and delivery of goods from start to finish. They achieve this by leveraging their expertise to recommend optimal solutions tailored to each customer’s specific business environment. Marinetrans India is headquartered in Navi Mumbai, Maharashtra, with one of its branches in Ahmedabad, Gujarat. The company operates primarily through ports like JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, enabling them to move cargo from anywhere in India to any location worldwide. While they act as intermediaries between shipping companies and customers, they do not operate through the ports themselves.

Strengths of Marinetrans India SME IPO

  1. Organization Stability: Marinetrans India boasts a stable organization with a rich management experience and a skilled team.
  2. Smooth Operations: The company maintains a seamless flow of operations.
  3. Well-Defined Organizational Structure: Marinetrans India has a clear and well-structured organization.
  4. Existing Supplier Relationships: They have established relationships with existing suppliers.
  5. Customer-Centric Approach: Marinetrans India prioritizes its customers, offering a business approach centered around customer satisfaction.

Marinetrans India SME IPO Dates

Stay updated with the latest information regarding the Marinetrans India SME IPO dates:

  • SME IPO Open Date: November 30, 2023
  • SME IPO Close Date: December 05, 2023
  • Basis of Allotment Finalisation Date: December 08, 2023
  • Refunds Initiation: December 11, 2023
  • Credit of Shares to Demat Account: December 10, 2023
  • SME IPO Listing Date: December 11, 2023 (Tentative)

As you consider investing in the Marinetrans India SME IPO, remember to assess all aspects, including financials, business prospects, and market conditions, to make an informed investment decision. The Grey Market Premium can offer insights, but it should not be the sole determinant of your investment choice.

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