The Marinetrans India IPO started on November 30, 2023, and ended on December 5, 2023. Shares were allocated on December 8, 2023, and refund processes began on December 11, 2023. On December 10, 2023, the shares were credited to investors demat accounts. Marinetrans India was officially listed on the stock exchange on December 11, 2023.
During the IPO, Marinetrans India offered shares at a price range of ₹26 per share, and the lot size was 4000 shares. The total issue size was ₹10.92 crores, with ₹10.92 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
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Marinetrans India IPO Subscription Status
The Marinetrans India IPO on December 1, 2023 was subscribed 3.55 times, with the retail category being subscribed 5.92 times, the NII (Non-Institutional Investor) category being subscribed 1.18 times.
| Category | Subscription |
| NII | 1.18x |
| Retail | 5.92x |
| Total | 3.55x |
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 |
About Marinetrans India Limited
Founded in June 2004, Marinetrans focuses on sea freight forwarding. Starting as a freight forwarder, we later expanded to provide Door-to-Door Delivery and 3PL services to the logistics industry through informal agreements with third-party service providers. Our services include a broad range of transport management and freight-related solutions, covering both sea and air freight.
Our main office is in Navi Mumbai, Maharashtra, with a branch in Ahmedabad, Gujarat. We operate primarily through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and other locations in India to transport cargo globally.
Our core responsibility involves obtaining and confirming Sales Booking Requests, confirming the Shipping Line, ensuring direct customer transport, managing stuffing, and handling transportation within the dock area. Acting as a liaison between the Shipping Line and the customer, we coordinate with them until the goods are delivered. It’s essential to note that we do not directly operate through ports.
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Marinetrans India IPO FAQs
What is the start and end date of Marinetrans India IPO Subscription?
The Marinetrans India IPO started on November 30, 2023, and ended on December 5, 2023.
When does Marinetrans India IPO Subscription open?
The Marinetrans India IPO open on November 30, 2023.
When does Marinetrans India IPO Subscription close?
The Marinetrans India IPO Close on December 5, 2023.
What is the allotment date of Marinetrans India IPO?
The allotment date for Marinetrans India IPO is December 8, 2023.
When is the initial refund date of Marinetrans India IPO?
The initial Refund date for Marinetrans India IPO is December 11, 2023.
When were the shares credited to investors demat accounts for the Marinetrans India IPO?
The shares for the Marinetrans India IPO were credited to investors demat accounts on December 10, 2023.
When will Marinetrans India IPO be listed on the stock market?
Marinetrans India IPO stock market will be listed on December 11, 2023 at 10 am.
What was the price range of the Marinetrans India IPO shares?
The Marinetrans India IPO shares were offered at a price range of ₹26 per share.
What was the lot size for the Marinetrans India IPO shares?
The lot size for the Marinetrans India IPO shares was 4000 shares.
What was the total issue size of the Marinetrans India IPO?
The total issue size of the Marinetrans India IPO was ₹10.92 crores.
How were the shares allocated among different types of investors for the Marinetrans India IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Marinetrans India IPO listed?
The Marinetrans India IPO was listed on the NSE SME.
What is the Marinetrans India IPO Subscription Status?
Marinetrans India IPO is subscribed Times.
