What you must know about Marinetrans India IPO?
by 5paisa Research Team
28 Nov 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 08-Dec-23
- IPO Price Range ₹ 26
- Listing Price ₹ 30
- Listing Change 15.4%
- Last Traded Price ₹ 30.1
- Current Change 15.8%
Marinetrans IPO Details
- Open Date 30-Nov-23
- Close Date 05-Dec-23
- Lot Size 4000
- IPO Size ₹ 10.92 Cr
- IPO Price Range ₹ 26
- Min Investment ₹ 104,000
- Listing Exchange NSE SME
- Basis of Allotment 08-Dec-23
- Refunds 11-Dec-23
- Credit to Demat Account 10-Dec-23
- Listing Date 11-Dec-23
Marinetrans India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Nov-23 | - | 0.56 | 2.62 | 1.59 |
| 01-Dec-23 | - | 1.18 | 5.92 | 3.55 |
| 04-Dec-23 | - | 2.50 | 13.75 | 8.13 |
| 05-Dec-23 | - | 18.03 | 46.91 | 32.82 |
Marinetrans IPO Synopsis
Marinetrans India Limited IPO is all set to open from 30th November to 5th December 2023. The company specializes in the sea freight forwarding business. The IPO includes a fresh issue of 4,200,000 shares worth ₹10.92 cr. The share allotment date is 8th December, and the IPO will be listed on 11th December on the stock exchanges. The price is ₹26 per share and the lot size is 4000 shares.
Swaraj Shares and Securities Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Marinetrans IPO:
Marinetrans India Limited plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purposes.
● For expenses related to the public issue.
About Marinetrans India
Originally established in 2004, Marinetrans India Limited specializes in the sea freight forwarding business. The primary locations for its operation facilities are JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and more. The USP of the company is that it can deliver cargo across the globe from any geography in India.
The company’s top priority and objective is to “ensure the safe transportation and delivery of goods from start to finish.” From a freight forwarder to Door-to-Door Delivery and 3PL services for the logistics industry, Marinetrans India has made its presence stronger in the industry. The company offers these services by partnering with third-party logistics providers.
Marinetrans India’s services include:
● Freight Forwarding for both sea and air freight
● Ancillary services such as Transportation, Multimodal Transportation, Project cargo handling, Third Party Logistics, Packaging, loading/unloading, and unpacking of items
Peer Comparison
● Cargosol Logistics Ltd
● Cargotrans Maritime Ltd
● AllCargo Logistics Ltd
● Total Transport Systems
For More Information:
Webstory on Marinetrans IPO
Marinetrans India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 150.27 | 203.21 | 95.82 |
| EBITDA | 2.68 | 2.93 | 1.58 |
| PAT | 1.53 | 1.86 | 0.79 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 26.19 | 23.06 | 22.04 |
| Share Capital | 8.53 | 0.406 | 0.406 |
| Total Borrowings | 10.15 | 8.55 | 9.39 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.80 | -1.09 | 1.89 |
| Net cash from / (used in) investing activities | -0.18 | -0.024 | 0.22 |
| Net cash flow from / (used in) financing activities | 2.50 | 0.003 | -0.64 |
| Net increase (decrease) in cash and cash equivalents | 1.52 | -1.11 | 1.46 |
Marinetrans IPO Key Points
-
Strengths
1. The company has organizational stability, rich management experience and a skilled team.
2. Its supplier relationships are well-established and strong.
3. It has developed a wide clientele base through a value-based relationship approach.
4. The company focuses on fulfilling the expectations of customers and giving them a good experience.
-
Risks
1. Significant increases in freight, transportation and other costs can impact the business.
2. It is heavily dependent on third-party service providers and suppliers to carry on logistics operations.
3. Business operations are concentrated in Maharashtra, India.
4. Dependence on the subsidiaries exposes the company to certain risks.
5. Reported negative cash flow in the past.
Marinetrans
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Marinetrans IPO FAQs
What is the minimum lot size and investment required for the Marinetrans IPO?
The minimum lot size of Marinetrans IPO is 4000 shares and the investment required is ₹1,04,000.
What is the price band of Marinetrans IPO?
The price for Marinetrans IPO is ₹26 per share.
When does the Marinetrans IPO opens and closes?
Marinetrans IPO opens from 30th November to 5th December 2023.
What is the size of the Marinetrans IPO?
The size of Marinetrans IPO is ₹10.92 cr.
What is the allotment date of the Marinetrans IPO?
The share allotment date of Marinetrans IPO is 8th December 2023.
What is the Marinetrans IPO listing date?
The Marinetrans IPO will be listed on 11th December 2023.
Who are the book runners for the Marinetrans IPO?
Swaraj Shares and Securities Private Limited is the book-running lead manager for Marinetrans IPO.
What is the objective of Marinetrans IPO?
Marinetrans India Limited plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purposes.
3. For expenses related to the public issue.
How to apply for the Marinetrans IPO?
To apply for Marinetrans IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Marinetrans India Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Marinetrans India IPO
Contact Information
Marinetrans India Limited
801/802, 8th Floor, Vindhya Commercial Complex
Plot No. 1, Sector 11, CBD Belapur
Navi Mumbai, Thane - 400614
Phone: +91-7777045320
Email: compliance@marinetrans.in
Website: https://marinetrans.in/
Marinetrans India IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Marinetrans India IPO Lead Manager
Swaraj shares and securities private limited
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