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Marinetrans India Limited IPO

Marinetrans India Limited IPO

IPO Date :
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Allotment Date :
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Listed Price: ₹ 30.00 (+15.38%)

Marinetrans India Limited's achieved publicly listed status following its IPO debut on 08-12-2023 at the NSE platform. The offering successfully mobilized 42,00,000 Shares, with 42,00,000 Shares allocated to corporate growth initiatives.

Investment participation occurred within the established price band of ₹26 to ₹26, starting from minimum lots of 4000 shares. The subscription window from 30-11-2023 through 05-12-2023 enabled investor participation across market segments.

Share allocation was completed on 06-12-2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Marinetrans India IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Marinetrans India IPO Key Performance Indicator
Company Financials ( in Lakhs )

Marinetrans India IPO About Company

Incorporated in June 2004, Marinetrans is a sea freight forwarding company that has expanded into Door-to-Door Delivery and 3PL services through third-party partners. Headquartered in Navi Mumbai with a branch in Ahmedabad, the company provides transport management and freight services across both sea and air routes and mainly operates through major Indian ports like JNPT (Nhava Sheva), Mundra, Kandla, Chennai, and Vizag to ship cargo worldwide. Marinetrans handles end-to-end coordination including booking confirmation, selecting shipping lines, stuffing, transportation within the dock area, and communication between the customer and the shipping line until final delivery, while it does not directly operate any ports.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Marinetrans India IPO Strength Factors

NA


Marinetrans India IPO Risk Factors

NA


Marinetrans India IPO Lead Manager(s)

  • Swaraj Shares and Securities Private Limited

Marinetrans India IPO Promoter(s)

  1. Mr Tirah Kumar Babu Kotian
  2. Mr. Arunkumar Narayan Hegde.

Marinetrans India IPO Company Details

Marinetrans India Limited
Phone:
address:

Marinetrans India IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Marinetrans India IPO FAQs