Marinetrans India Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Nov 2023

Close Date

05 Dec 2023

Allotment

06 Dec 2023

Listing Date

08 Dec 2023

Exchange

NSE SME

Price Band

₹26

Listing Price

See chart

Allotment Status

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Price Band

₹26

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

42,00,000 shares (aggregating up to ₹10.92 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹104,000

1 lot

Pre-IPO Holding

85,26,000 shares

Promoters

Post-IPO Holding

1,27,26,000 shares

Promoters

P/E (Pre)

14.53x

P/E (Post)

39.39x

EPS (Pre)

₹1.79

UPI Deadline

2023-12-05

Mandate

Anchor AllotmentWed, 29 Nov 2023

Basis of AllotmentWed, 06 Dec 2023

Refund InitiationThu, 07 Dec 2023

Demat CreditThu, 07 Dec 2023

Listing DayFri, 08 Dec 2023

UPI Mandate Deadline2023-12-05

Sale TypeFresh Capital

Net Offer to Public39,84,000 shares (aggregating up to ₹10.36 Cr)

Market Maker Quota2,16,000 shares (aggregating up to ₹0.5616 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Marinetrans India Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 05 Dec 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	216,000	—	₹0.56
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,200,000	100%	₹10.92

IPO Shares Offered

Marinetrans India Ltd IPO total issue size: ₹10.92 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	216,000	₹0.56	5.14%
Total	4,200,000	₹10.92	100.00%

* Based on upper price band ₹26 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹26.00

Upper Band

Min Investment

₹104,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹208,000
Retail (Max — 13 Lots)	13	52,000	₹1,352,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,456,000
B-HNI (Min — 68 Lots)	68	272,000	₹7,072,000

* Issue Price ₹26 × Lot Size 4,000 shares

IPO Schedule

Anchor

29 Nov 2023

✓ Done

IPO Open

30 Nov 2023

✓ Done

IPO Close

05 Dec 2023

✓ Done

Allotment

06 Dec 2023

✓ Done

Refunds

07 Dec 2023

✓ Done

Demat Credit

07 Dec 2023

✓ Done

Listing Day

08 Dec 2023

✓ Done

₹26.00

INR · NSE

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Issue ₹26.00 Live Price

About Marinetrans India Ltd

Incorporated in 2004, Marinetrans India Limited provides transport management and freight-related services.The company initially started as a freight forwarder and then moved into door-to-door delivery and 3PL services for the logistics industry through informal arrangements with third-party providers.Marinetrans provides freight transportation services that include both sea and air freight services. The company has also partnered with various intermediaries to provide additional services such as transportation, multimodal transport, project cargo handling, third-party logistics, packing, loading/unloading, and unpacking of items.Marinetrans is responsible for obtaining and confirming the booking order, confirming the shipping line, securing direct customer transportation, stowing and securing the shipment at the port, and coordinating with the customer until the goods are delivered.The company is headquartered in Navi Mumbai, Maharashtra, and has branches in Ahmedabad, Gujarat.

Objects of the Issue

Funding of working capital requirements of the Company.

General Corporate Expenses

Issue Expenses

Marinetrans India Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹20,327.2

31 Mar 2022

₹15,036.8

31 Mar 2023

₹1,384.4

31 May 2023

Profit After Tax (PAT)

₹186.2

31 Mar 2022

₹152.8

31 Mar 2023

₹13.9

31 May 2023

Particulars	31 May 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	1384.38	15036.84	20327.23
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	13.91	152.83	186.24
Net Worth	1617.96	1604.04	1451.22
Total Assets	2615.36	2618.58	2305.89
Reserves & Surplus	N/A	N/A	N/A
Borrowings	603.68	557.98	252.75
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

10.00%

RoCE

11.29%

RoNW

9.53%

Debt/Equity

0.35

Issue Structure & Shareholding

Total Shares Offered42,00,000 (100.00%)

Net Offer to Public39,84,000 shares (aggregating up to ₹10.36 Cr)

Reserved for Market Maker2,16,000 shares (aggregating up to ₹0.5616 Cr)

Pre-Issue Promoter Holding85,26,000 shares

Post-Issue Promoter Holding1,27,26,000 shares

P/BV RatioN/A

RoE10.00%

RoCE11.29%

Debt / Equity0.35

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Swaraj shares & securities Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Marinetrans India Ltd IPO subscribed? ▲

Marinetrans India Ltd IPO is subscribed 1.00 times by Dec 05, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Marinetrans India Ltd IPO retail subscription status? ▼

The Marinetrans India Ltd IPO retail category is subscribed 1.00 times as of 05 Dec 2023. The retail portion is oversubscribed.

How to subscribe Marinetrans India Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Nov 2023 and closes 05 Dec 2023. Min investment: ₹104,000 (1 lot = 4,000 shares). UPI mandate: 2023-12-05.

How many times Marinetrans India Ltd IPO subscribed? ▼

The Marinetrans India Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Marinetrans India Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Dec 2023. Refunds: on 07 Dec 2023.

When Marinetrans India Ltd IPO will be listed? ▼

The Marinetrans India Ltd IPO listing date is 08 Dec 2023, Friday. Listed on: NSE SME. Issue price: ₹26. Estimated listing: ₹26. GMP: NIL.

When Marinetrans India Ltd IPO close? ▼

The Marinetrans India Ltd IPO closes on 05 Dec 2023, Tuesday. UPI mandate: 2023-12-05. Allotment: 06 Dec 2023. Listing: 08 Dec 2023.

Quick Actions

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Live Price LIVE

Last Price₹26.00

Change—

Issue Price₹26.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹26

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹104,000

GMPNIL

Est. Listing₹26

Subscribed1.00x

Open Date30 Nov 2023

Close Date05 Dec 2023

Allotment06 Dec 2023

Listing Date08 Dec 2023

ExchangeNSE SME

UPI Deadline2023-12-05