The Marinetrans India IPO commenced on November 30, 2023, and concluded on December 5, 2023. The allotment of shares took place on December 8, 2023, and the initiation of refunds began on December 11, 2023. The shares were credited to the demat accounts of investors on December 10, 2023. Finally, the listing of Marinetrans India on the stock exchange occurred on December 11, 2023.
The Marinetrans India IPO was priced at ₹26 per share, with a lot size of 4000 shares. The total issue size was ₹10.92 crores, comprising a fresh issue of ₹10.92 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Marinetrans India IPO Basic Details
| Company Name | Marinetrans India Limited |
| Domain of Company | Business of Sea Freight Forwarding |
| Marinetrans India IPO GMP Today | ₹0 |
| Marinetrans India IPO Listing Gain | 0.00% |
| Marinetrans India IPO Open Date | November 30, 2023 |
| Marinetrans India IPO Close Date | December 5, 2023 |
| Marinetrans India IPO Allotment Date | December 8, 2023 |
| Marinetrans India IPO Listing Date | December 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Issue Size | 4,200,000 shares of ₹10 (aggregating up to ₹10.92 Cr) |
| Fresh Issue | 4,200,000 shares of ₹10 (aggregating up to ₹10.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr Tirah Kumar Babu Kotian and Mr. Arunkumar Narayan Hegde |
Marinetrans India IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹0 | 0.00% | – | – |
| 1 December 2023 | ₹0 | 0.00% | – | – |
| 30 November 2023 | ₹0 | 0.00% | – | – |
| 29 November 2023 | ₹0 | 0.00% | – | – |
Marinetrans IPO Details:
Marinetrans started its journey in June 2004, focusing on helping people send things by sea. At first, we mainly dealt with shipping, but over time, we grew to provide Door-to-Door Delivery and 3PL services too. We teamed up with other companies to make this happen.
We do a bunch of things for our customers, like managing transportation and handling freight. We’re based in Navi Mumbai, Maharashtra, and also have an office in Ahmedabad, Gujarat. Our main operation spots in India are JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and other places.
Our main job is to handle the process of getting the okay to ship things, figuring out the best way to ship them, and making sure they get from the customer to the ship and then to where they need to go. We’re the go-between for the shipping company and the customer, making sure everything goes smoothly until the stuff gets delivered. One thing to remember is that we don’t directly deal with ports ourselves.
Marinetrans India IPO More Details Click Here
Marinetrans India IPO FAQs
When is Marinetrans India IPO open?
Marinetrans India IPO will open on 30 November 2023.
When is Marinetrans India IPO Close?
Marinetrans India IPO will be closed on 5 December 2023.
What is Marinetrans India IPO GMP Today?
The Marinetrans India IPO GMP aka Grey Market Premium is ₹0.
What is Marinetrans India IPO Kostak Rates Today?
The Marinetrans India IPO Kostak Rate is ₹000.
What is Marinetrans India IPO Subject to Sauda Price Today?
The Marinetrans India IPO subject to sauda rates is ₹000.
Marinetrans India IPO Expected Returns?
The Marinetrans India expected return is 0.00%.
How much will be the listing gain in Marinetrans India IPO?
Marinetrans India IPO will get listing gain of 0.00%. (Approx.)
