Marinetrans India Limited IPO, Share Price, GMP, Lot Size

Marinetrans India Limited IPO, Share Price, GMP, Lot Size

The Marinetrans India Limited IPO is opening on 30th November and will be closing on 5th December. Let’s delve into the important dates and information regarding the IPO in this article.

About Marinetrans India Limited

Learning about Marinetrans India Limited, the company was established in 2004 by Mr. Tiraj Kumar Babu Kotian and represents considerable authority in sea freight forwarding. Headquartered at Nabi Mumbai, the company began with an emphasis on ocean cargo and extended through 'Safewater Lines India Private Limited' however went through a demerger in 2019 to take care of various geological locales. The company offers a wide range of transport management and freight-related services, including sea and air freight, third-party logistics, packaging, loading/unloading, and more through informal partnerships.

Marinetrans India Limited Turnover

Talking about the Marinetrans India Limited Turnover, the revenue for FY21, FY22, and FY23 was Rs 96 crores, Rs 203 crores, and Rs 150 crores respectively. The revenue growth has been unpredictable as it grew quickly in FY22 with an increase of 111%, the revenue growth really went down in FY23 with a decrease of 26% and the reason can be predicted to be a slowdown of exports.

Marinetrans India Limited IPO

Marinetrans India Limited IPO is said to be open from 30th November 2023 and the subscription will be closed on 5th December 2023. The allotment for the Marinetrans India Limited Initial public offering is supposed to be concluded on Friday, December 8, 2023. Marinetrans India's Initial public offering will be listed on NSE SME with a tentative listing date fixed as Monday, December 11, 2023

Important Dates-

IPO Opening Date – 30th November 2023

IPO Closing Date – 5th December 2023

Allotment – 8th December, 2023

Refund Initiation – 11th December, 2023

Listing Date – 11th December, 2023

Marinetrans IPO Overview

Face Value – Rs10 per share

Issue Price – Rs26 per share

Lot Size – 4000 shares

Total Issue Size- 4,200,000 shares

Fresh Issue – 4,200,000 shares

Marinetrans India IPO GMP

Marinetrans India IPO GMP (Grey Market Premium) is yet to be disclosed. Reports are still awaited to learn about the grey market trading price. Grey Market Premium is an unregulated and unofficial market where the shares are traded even before they are listed on the stock exchange. The grey market begins informally in the unregulated market after the Initial public offering date and price band declarations. Initial public offering investors generally take an idea from the forthcoming Initial public offering GMP prior to putting their funds into IPO, however, it could fluctuate according to the economic situations, market demands, and subscription numbers. Hence, GMP reflects how the IPO of the particular company can react on the listing day.

Marinetrans India IPO Size

The Marinetrans India IPO size will be a minimum of 4,000 shares. Subsequently, retail investors can contribute at least Rs. 104,000 (4,000 x Rs26 per share) in the Initial public offering. That is likewise the maximum that the retail investors can invest in the Initial public offering.  The company’s objective to raise funds through IPO is for the purpose of general corporate expenses, issuing expenses, and funding of working capital requirements.

Marinetrans India IPO GMP Price

Marinetrans India IPO GMP Price is not yet known. GMP changes on a daily basis from the day the IPO issue price is announced till the listing day. The listing price is announced on the listing day. The GMP for Marinetrans India IPO has not started yet.

Marinetrans India IPO Subscription

One can apply for the Marinetrans India IPO subscription online via bank (using ASBA) or the broker (using UPI). The Marinetrans India IPO shares are offered online only. The company does not have a formal dividend policy. Its capacity to declare dividends in the future hinges on its earnings and financial health.

Some Major Points

1. The company had been promoted by Tirah Kumar, Babu Kotian, and Arunkumar Hegde.
2. Some parts of the issue will go towards meeting the corporate expenses and issue expenses.
3. The new issue of finances will be involved by the organization for subsidizing the functioning capital necessities of the organization.
4. The company mainly operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, etc, and can take cargo from any location in India to across the world.
5. One of the branches of Marinetrans is located in Ahmedabad, Gujarat
6. The asset turnover ratio of the company is consistently high.
7. Marinetrans India Ltd has allocated 5.04% of the issue size for the market makers to the issue, Rikhav Securities Ltd.

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Frequently Asked Questions

Q. What is the cut-off time for UPI mandate payment confirmation?

Ans - The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day; which is December 05th, 2023.

Q. What is GMP in IPO?

Ans – GMP of IPO refers to the difference in price between the issue and the price at which the grey market stocks trade on the grey market prior to their official listing on the stock exchange.

Q. What services does Marinetrans offer?

Ans – Marinetrans India Limited offers services like freight, warehousing, import/export documentation, logistics, sea air shipment, etc.

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Q. What are the strengths of Marinetrans India Limited IPO?

Ans – Marinetrans India Limited has a well-defined organizational structure along with a smooth flow of operation, rich management, and a skilled team.