Marinetrans India IPO Details | GMP, Date, Price, Review

Marinetrans India IPO

Table of Contents

Marinetrans India IPO Details ( Marinetrans India Limited IPO Review )

(30 Nov 2023 – 5 Dec 2023)

Marinetrans started in June 2004, and we’re all about making sure things get shipped by sea. We began by helping with freight forwarding and later expanded to do Door-to-Door Delivery and 3PL services for the logistics industry. We teamed up with other folks to make it happen.

We do a bunch of things for our customers, like managing transport and handling freight. Whether it’s moving things by sea or air, we’ve got it covered.

Our main office is in Navi Mumbai, Maharashtra, and we also have a branch in Ahmedabad, Gujarat. We work in different places in India, like JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and more, to get cargo all around the world.

Our job is to make sure we get the sales booking, check with the shipping line, and arrange for direct transport, stuffing, and moving things in the dock area. We’re the go-between for the shipping line and the customer, making sure everything goes smoothly until the goods are delivered. Just so you know, we don’t handle things directly at the ports.

Marinetrans India Limited IPO Competitive Strength

  • Organization stability, Rich management experience and skilled team
  • Smooth flow of operations
  • Well-defined organizational structure
  • Existing Supplier Relationship
  • Customer Centric Business Approach

Marinetrans India IPO Financials Performance ( Results )

Marinetrans India Limited Financial Information (Restated Consolidated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

Objective of Marinetrans India IPO Issue

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

Marinetrans IPO Basic Details

IPO DateNov 30, 2023 to Dec 5, 2023
Listing DateMonday, December 11, 2023
Face Value₹10 per share
Price26 per share
Lot Size4000 Shares
Issue Size4,200,000 shares of ₹10
(aggregating up to ₹10.92 Cr)
Fresh Issue4,200,000 shares of ₹10
(aggregating up to ₹10.92 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue8,526,000
Share holding post issue12,726,000
Company PromotersMr Tirah Kumar Babu Kotian and
Mr. Arunkumar Narayan Hegde

Marinetrans India IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Marinetrans IPO Timetable

Marinetrans IPO will open on November 30, 2023 and close on December 5, 2023. You can join Marinetrans IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date30 November 2023 (Thursday)
Closing Date5 December 2023 (Tuesday)
Basis of Allotment8 December 2023 (Friday)
Initiation of Refunds11 December 2023 (Monday)
Credit of Shares to Demat10 December 2023 (Sunday)
Listing Date11 December 2023 (Monday)
Deadline for UPI mandate confirmation5 PM on 5 December 2023

Marinetrans India IPO Lot Size

For retail investors in Marinetrans India IPO, 4000 shares will come in 1 lot or the minimum investment will be ₹104,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹104,000.

Retail (Min)14000₹104,000
Retail (Max)14000₹104,000
S-HNI (Min)28000₹208,000

Marinetrans India IPO Promoter Holding

The company’s promoters include Mr Tirah Kumar Babu Kotian and Mr. Arunkumar Narayan Hegde.

Pre Issue Share Holding100.00%
Post Issue Share Holding

Marinetrans India Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)33.09
Earning Per Share (EPS)₹1.79 per Equity Share
Net Asset Value (NAV)₹18.81 per Equity Share
P/E Ratio (P/E) (x)14.53
Post P/E Ratio (P/E) (x)39.39
Return on Net Worth (RoNW) (%)9.53
Return on equity (ROE) (%)10.00
Return on Capital Employed (ROCE) (%)11.29
Debt/Equity Ratio0.35

Marinetrans India Ltd Peer Comparison

Company NameConsolidated/
Peer Group
Cargosol Logistics LtdConsolidated104.798.5615.69
Cargotrans Maritime
AllCargo logistics LtdConsolidated225.6213.8822.37
Total Transport

Marinetrans India IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
6 December 2023₹3
5 December 2023₹3
4 December 2023₹3
3 December 2023₹3
2 December 2023₹3
1 December 2023₹0
30 November 2023₹0
29 November 2023₹0

Marinetrans India IPO Detail Video:


Marinetrans India IPO Subscription Status (Bidding Detail)

The Marinetrans India IPO on December 5, 2023 at 7:30:00 PM was subscribed 33.00 times, with the retail category being subscribed 47.24 times, the NII (Non-Institutional Investor) category being subscribed 18.05 times.


Marinetrans India IPO Prospectus

Marinetrans India IPO DRHPDownload
Marinetrans India IPO RHPDownload
Marinetrans India IPO Anchor Investors Details PDFDownload

Marinetrans India IPO Rating

Our Rating2.0/5.0

Marinetrans India Company Contact Information

Marinetrans India Limited

Registered and Corporate Office: 801/802, 8th Floor, Vindhya Commercial Complex Plot No. 1, Sector 11, CBD Belapur, Navi Mumbai, Thane – 400614, Maharashtra, India.
Contact Number: +91-7777045320
Contact Person: Mr. Nikhil Kishor Joshi, Company Secretary and Compliance Officer
The Promoter of Our Company is Mr. Tiraj Kumar Babu Kotian

Marinetrans IPO Registrar

Skyline Financial Services Private Limited

Office Address: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020.
Contact Number: +91-11-40450193-197
Email Address:
Investor Grievance Email Address:
Contact Person: Mr. Anuj Kumar
SEBI Registration No.: INR000003241
CIN: U74899DL1995PTC071324

Marinetrans IPO Lead Manager

Swaraj Shares and Securities Private Limited

Principal Place of Business: 304, A Wing, 215 Atrium Near Courtyard Marriot, Andheri
Kurla Road, Andheri East, Mumbai – 400093, Maharashtra, India.
Contact Number: +91-22-6964-9999
Email Address:
Investor Grievance Email ID:
Contact Person: Pankita Patel/ Tanmoy Banerjee
SEBI Registration Number: INM00012980
CIN: U51101WB2000PTC092621

Marinetrans India IPO FAQs

What is the lot size of Marinetrans India IPO?

The total size of Marinetrans IPO is ₹10.92 crores and this is a complete fresh Issue.

When will Marinetrans India IPO start?

Marinetrans India IPO will open from 30 November 2023 and IPO will close on 5 December 2023.

What is the open date of Marinetrans India IPO?

Marinetrans India IPO will open date from 30 November 2023.

What is the last date ( close date ) of Marinetrans India IPO?

Marinetrans India IPO will close from 5 December 2023.

What is the price band of Marinetrans India IPO?

Marinetrans India IPO price band is ₹26.

What is the minimum amount required to apply for Marinetrans India IPO?

The minimum investment for retailers to apply for Marinetrans India IPO is ₹104,000 and the maximum investment is ₹104,000.

What is going on gray market premium of Marinetrans India IPO?

View gray market premium of Marinetrans India IPO by Clicking Here

How much is the GMP of Marinetrans India IPO?

Watch Marinetrans India IPO GMP Today: Click Here

What is the allotment date of Marinetrans India IPO?

The allotment date of Marinetrans India IPO is 8 December 2023.

How to check allotment status in Marinetrans India IPO?

To check the allotment status of Marinetrans India IPO, first of all go to the registrar website by clicking here, select your bad Marinetrans India IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Marinetrans India IPO?

The listing date of Marinetrans India IPO is 11 December 2023.

How much will be the listing gain in Marinetrans India IPO?

View listing gain of Marinetrans India IPO by Clicking Here

How much time Marinetrans India IPO is subscribed?

Total 33.00 times subscribed in Marinetrans India IPO out of which 47.24 times subscription was done in retail quota, 18.05 times subscription in other quota.

How to apply for Marinetrans India IPO from Upstox?

Click Here to see how to apply for Marinetrans India IPO from Upstox. (step by step)

How to apply for Marinetrans India PO from Zerodha?

Click Here to see how to apply for Marinetrans India IPO from Zerodha. (step by step)

How to apply for Marinetrans India IPO from Angle One?

Click Here to see how to apply for Marinetrans India IPO from Angle One. (step by step)

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