Marinetrans IPO: Marinetrans India Limited IPO Details

The Indian stock market is abuzz with the upcoming Initial Public Offering (IPO) of Marinetrans India Limited, a company engaged in sea freight forwarding and logistics services. This IPO is generating significant interest among investors due to its fixed price issue and the potential it holds in the logistics industry. In this blog, we will delve into the details of the Marinetrans India Limited IPO, its objectives, financial performance, and more.

Also See: Marinetrans India IPO GMP

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Marinetrans India IPO Details

Marinetrans India Limited is set to offer a fresh issue of 42 lakh shares with a total issue size of Rs 10.92 crores. The IPO opens for subscription on November 30, 2023, and closes on December 5, 2023. The basis of allotment is expected to be finalized on Friday, December 8, 2023, with the listing date tentatively fixed as Monday, December 11, 2023.

Here are some key details about the Marinetrans India IPO:

ParameterDetails
IPO DateNovember 30, 2023, to December 5, 2023
Basis of AllotmentDecember 8, 2023
Listing DateDecember 11, 2023
Face Value₹10 per share
Price₹26 per share
Lot Size4000 Shares
Total Issue Size4,200,000 shares (aggregating up to ₹10.92 Cr)
Fresh Issue4,200,000 shares (aggregating up to ₹10.92 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME

Also See: Upcoming IPO in India

Marinetrans India IPO Reservation and Lot Size

The IPO offers 50% of the net issue to retail investors and the remaining 50% to other categories. Retail investors can apply for a minimum of 4000 shares, with a minimum investment requirement of ₹104,000. High Net Worth Individuals (HNI) are required to apply for a minimum of 2 lots (8,000 shares), amounting to ₹208,000.

ApplicationLotsSharesAmount
Retail (Min)14000₹104,000
Retail (Max)14000₹104,000
HNI (Min)28,000₹208,000

Also Read: Benefits of Investing in an IPO

Objectives of the Marinetrans India IPO

Marinetrans India Limited intends to utilize the funds raised through the IPO for the following purposes:

  1. Funding of Working Capital Requirements: To support the company’s day-to-day operations and growth.
  2. General Corporate Expenses: To meet general corporate needs and expenses.
  3. Issue Expenses: To cover the expenses associated with the IPO process.

Marinetrans India Financial Performance

Marinetrans India Limited’s financial performance is a critical factor for potential investors to consider. The company’s revenue decreased by -26.03%, and its profit after tax (PAT) dropped by -17.94% between the financial years ending on March 31, 2023, and March 31, 2022. This decline in financial metrics should be evaluated carefully before making investment decisions.

Period Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,615.362,618.582,305.892,204.06
Revenue1,384.3815,036.8420,327.239,613.13
Profit After Tax13.91152.83186.2479.78
Net Worth1,617.961,604.041,451.221,255.94
Reserves and Surplus
Total Borrowing603.68557.98252.75212.38
Amount in ₹ Lakhs
Financial Data Line Graphs

Also Read: All IPO GMP Price Today

About Marinetrans India Limited

Marinetrans India Limited, incorporated in June 2004, is primarily engaged in the business of sea freight forwarding. It started as a freight forwarder and later expanded its services to include Door-to-Door Delivery and 3PL (Third-Party Logistics) services through informal agreements with third-party service providers. The company offers a wide range of transport management and freight-related services, covering both sea and air freight.

Marinetrans India IPO

Headquartered in Navi Mumbai, Maharashtra, Marinetrans India Limited operates through various locations in India, including JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and others. It acts as an intermediary between shipping lines and customers, coordinating various aspects of the logistics process.

Key Performance Indicators (KPIs)

Before investing in any IPO, it’s essential to analyze key performance indicators to assess the company’s financial health and potential. Here are some KPIs for Marinetrans India Limited:

  • Price-to-Earnings Ratio (P/E): 14.53
  • Return on Equity (ROE): 10.00%
  • Return on Capital Employed (ROCE): 11.29%
  • Debt/Equity Ratio: 0.35
  • Earnings Per Share (EPS): ₹1.79
  • Return on Net Worth (RoNW): 9.53%

These KPIs provide insights into the company’s profitability, financial stability, and its ability to generate returns for shareholders.

Marinetrans India IPO Registrar and Lead Managers

For all IPO-related inquiries, investors can contact the following:

Registrar:

Skyline Financial Services Private Ltd
Phone: 022-28511022
Email: [email protected]
Website: Skyline Financial Services

Lead Manager(s):

Swaraj Shares and Securities Private Limited

Marinetrans India IPO Timeline (Tentative Schedule)

  • IPO Opens: Thursday, November 30, 2023
  • IPO Closes: Tuesday, December 5, 2023
  • Basis of Allotment: Friday, December 8, 2023
  • Initiation of Refunds: Monday, December 11, 2023
  • Credit of Shares to Demat: Sunday, December 10, 2023
  • Listing Date: Monday, December 11, 2023
  • Cut-off time for UPI mandate confirmation: 5 PM on December 5, 2023
Marinetrans India IPO

Investors looking to participate in the Marinetrans India Limited IPO should carefully assess the company’s financials, the industry outlook, and their own investment goals and risk tolerance before making any investment decisions. IPOs can offer exciting opportunities, but they also come with inherent risks, so due diligence is crucial.

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