Marinetrans India IPO Date, Review, Price, Allotment Details

Marinetrans India IPO specializes in sea freight forwarding and was established on June 24, 2004, by Mr. Tiraj Kumar Babu Kotian. The company was founded with a clear vision to engage in the sea freight trade and business. Initially operating as a freight forwarder, Marinetrans expanded its services to include Door-to-Door Delivery and 3PL (third-party logistics) services through informal arrangements with external service providers.

Marinetrans India offers a comprehensive range of transport management and freight-related services. These services include both sea freight and air freight forwarding. Additionally, the company has informal partnerships with various intermediaries to provide ancillary services such as transportation, multimodal transportation, project cargo handling, third-party logistics, packaging, loading/unloading, and unpacking of items. These collaborative services allow Marinetrans to offer end-to-end solutions and additional value-added services to meet the diverse needs of its customers.

Marinetrans India IPO Timeline

Marinetrans India IPO opens on November 30, 2023, and closes on December 5, 2023.

IPO Open DateThursday, November 30, 2023
IPO Close DateTuesday, December 5, 2023
Basis of AllotmentFriday, December 8, 2023
Initiation of RefundsMonday, December 11, 2023
Credit of Shares to DematSunday, December 10, 2023
Listing DateMonday, December 11, 2023
Cut-off time for UPI mandate confirmation5 PM on December 5, 2023

Marinetrans India IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

About the Issue

Marinetrans IPO is a fixed-price offering amounting to Rs 10.92 crores, comprising an entirely fresh issue of 42 lakh shares.

The subscription period for the Marinetrans India IPO commences on November 30, 2023, and concludes on December 5, 2023. Allotment results are anticipated to be confirmed by Friday, December 8, 2023. The IPO is set to be listed on NSE SME, with a tentative listing date fixed for Monday, December 11, 2023.

Priced at ₹26 per share, the minimum application lot size is set at 4000 shares. Retail investors are required to make a minimum investment of ₹104,000. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (8,000 shares), amounting to ₹208,000.

Swaraj Shares and Securities Private Limited serve as the book running lead manager for the Marinetrans India IPO, with Skyline Financial Services Private Ltd acting as the registrar for the issue. NNM Securities is the designated market maker for the Marinetrans India IPO.

Objects of the Issue:

  • Funding of working capital requirements of the Company.
  • General Corporate Expenses
  • Issue Expenses

Company Promoters

  • Mr Tirah Kumar Babu Kotia
  • Mr. Arunkumar Narayan Hegde

Marinetrans India IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022

Marinetrans India IPO Allotment Status

Check Marinetrans IPO allotment status on Skyline website URL. Click Here

Marinetrans India IPO Lead Managers

  • Swaraj shares and securities private limited

Company Address

Marinetrans India Limited
801/802, 8th Floor, Vindhya Commercial Complex
Plot No. 1, Sector 11, CBD Belapur
Navi Mumbai, Thane – 400614
Phone: +91-7777045320

Marinetrans India IPO FAQs

What is Marinetrans India IPO?

Marinetrans IPO is an NSE SME IPO. They are going to raise ₹10.92 Crores via IPO. The issue is priced at ₹26 per equity share. The IPO is to be listed on NSE.

When Marinetrans India IPO will open?

The IPO is to open on November 30, 2023 for NII, and Retail Investors.

What is Marinetrans India IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Marinetrans India IPO through Zerodha?

Steps to apply in Marinetrans India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Marinetrans IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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