Marinetrans India Limited IPO : Key Highlights

Marinetrans India Limited IPO is set to launch on 30 November, 2023. The company initiated its business operations in 2004. The company is involved in the business of sea freight forwarding. The business of the company was initially just freight forwarded but then  its business grew to door to door delivery and 3PL services for the logistics industry. Its services include both sea and air freight forwarding services. The headquarters of the company is in Maharashtra and it also has a branch in Gujarat. It operates Nhava Sheva, JNPT, Kandla, Mundra, Vizag, Chennai, etc.

Marinetrans India Limited IPO DETAILS

Marinetrans India Limited IPO is set to launch on 30 November, 2023. The subscription timeline extends till 5 December, 2023. The size for the IPO is 10.92 Crore Rs. Shares issued through fresh issue mode are worth 10.92 Crore Rs. No shares are issued through offer for sale mode. The lot size is 4000 shares and the price is 26 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Skyline Financial Services Private Limited.

Tabular Description of Marinetrans India Limited IPO 

Marinetrans India Limited IPO : IMPORTANT DATES

Marinetrans India Limited IPO begins for subscription from 30 November, 2023. The IPO subscription would continue till 5 December, 2023. The allotment status for the shareholders who applied would come on 8 December, 2023. The refunds for the ones who did not get allotment would be initiated on 11 December, 2023. The DEMAT accounts of shareholders would be credited on 10 December, 2023. The listing of the company would be completed on 11 December, 2023.

Marinetrans India Limited IPO : Lead Managers

The lead managers are :

• Swaraj Shares and Services Private Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to 104000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 208000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Marinetrans India Limited had an asset base of 2204 Lakh Rs in 2021 which increased to 2305 Lakh Rs in 2022. The asset base of the company became 2618 Lakh Rs in 2023. The revenue of the firm was 9613 Lakh Rs in the year 2021. This more than doubled to 20327 Lakh Rs in 2022. The revenue of the next year decreased to 15036 Lakh Rs. The profit of the company was 79 Lakh Rs in the year 2021. This increased to 186 Lakh Rs in the year 2022. The profit in the next year decreased in comparison to the previous year’s profit to 152 Lakh Rs.

PROS

• The business of the company was initially just freight forwarded but then  its business grew to door to door delivery and 3PL services for the logistics industry. 
• Its services include both sea and air freight forwarding services. 
• The headquarters of the company is in Maharashtra and it also has a branch in Gujarat. It operates Nhava Sheva, JNPT, Kandla, Mundra, Vizag, Chennai, etc.

CONS

• The company works in a highly competitive segment.

Marinetrans India Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Marinetrans India Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.