Marinetrans India was incorporated on June 24, 2004. The company initially started as a freight forwarder, then expanded to door-to-door delivery and 3PL services for the logistics industry through informal arrangements with third-party service providers. It now offers customers a comprehensive range of transport management and freight-related services
| Bidding Dates |
|---|
| 30 Nov 2023 - 05 Dec 2023 |
| Subscription |
|---|
| 31.02x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 4000 | 4.2 M | ₹26 | 67 % | ₹109.2 M | RHP DOC |
Marinetrans IPO SUBSCRIPTION STATUS
05 Dec '23Marinetrans IPO overall subscription rate was 31.02 times the total available shares
Marinetrans IPO retail subscription rate was 44.81 times in the retail segment
Marinetrans IPO non-institutional investor subscription rate was 17.23 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Dec 2023 (Day 4) | 44.81x | 17.23x | - |
04 Dec 2023 (Day 3) | 12.82x | 2.46x | - |
01 Dec 2023 (Day 2) | 5.54x | 1.21x | - |
30 Nov 2023 (Day 1) | 2.37x | 0.51x | - |
Marinetrans FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 2MFY24 | 1.4 | 138.4 | -17.8 | -17.9 |
| FY23 | 15.3 | 1,502.7 | -8.0 | -10.2 |
| FY22 | 18.6 | 2,032.1 | -10.9 | -11.2 |
| FY21 | 8.0 | 958.2 | 18.9 | 18.8 |
Marinetrans IPO SUBSCRIPTION STATUS DETAILS
Marinetrans had 4.2 M shares on offer
Marinetrans IPO offer price was ₹26
Marinetrans IPO minimum Investment was ₹104000
Marinetrans IPO issue size was ₹ 109.2 M
Marinetrans had a minimum lot size of 4000 Shares per application
Marinetrans NUMBER OF SHARES ON OFFER
Marinetrans IPO IMPORTANT DATES
| Issue Open Date | 30 Nov 2023 |
| Issue close Date | 05 Dec 2023 |
| Allotment Date | 06 Dec 2023 |
| Refund Date | 07 Dec 2023 |
| Demat Account Credit Date | 07 Dec 2023 |
| Listing Date | 08 Dec 2023 |
| Listing on Exchange(s) | NSE |
| Marinetrans Allotment Status | Exchange |
Marinetrans IPO subscription opened on 30 Nov 2023, and closed on 05 Dec 2023
IPO allotment for Marinetrans was finalized on Wednesday, 06 Dec 2023
IPO listing for Marinetrans was on NSE on Friday, 08 Dec 2023
Marinetrans IPO LISTING GAINS
| Issue Price (adjusted) | 26.0 |
| Listing Open Price | 30.0 |
| Listing Close Price | 31.0 |
| Listing Gain% | 15.4% |
| Current Gain% | -43.1% |
Marinetrans Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marinetrans India Ltd. | 14.8 | 18.8 | 31.6 | 1.6 | 0.1 | 2.2 | 1.4 | 127.7 | -19.1 | 0.6 | 19.7 | 0.5 | 19.7 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Marinetrans INFORMATION ON IPO ISSUE
About Marinetrans
Marinetrans India was incorporated on June 24, 2004. The company initially started as a freight forwarder, then expanded to door-to-door delivery and 3PL services for the logistics industry through informal arrangements with third-party service providers. It now offers customers a comprehensive range of transport management and freight-related services
Object of the Issue
- Funding of working capital requirements of the company
- General corporate expenses
- Issue expenses
Marinetrans - PROMOTERS
| Name |
|---|
| Tiraj Kumar Babu Kotian |
| Arunkumar Narayan Hegde |
Marinetrans Lead Manager of the Issue
Swaraj Shares and Securities Private Limited
compliance@swarajshares.com
Marinetrans Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Marinetrans Strengths
Smooth flow of operations
The company's emphasis on building and maintaining value-based relationships has been instrumental in developing a wide client base and enhancing its customer retention strategy
Supplier relations
Having favourable terms of supply and pricing for products and services helps the company maintain cost efficiency and competitiveness in the market
Marinetrans Risks
Litigation and claims
The company and its promoter are parties to certain litigations and claims. These legal proceedings are pending at various levels of adjudication before courts and regulatory authorities
Trade payables
"The company has trade payables owed to various parties, amounting to Rs. 326.68 lakh for the period ending May 31, 2023. The majority of these trade payables are due within one year
IPO FAQs
The promoters of the company are Tiraj Kumar Babu Kotian and Arunkumar Narayan Hegde.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 26.0 - 26.0.
The IPO application opens on Nov 30, 2023 and closes on Dec 05, 2023.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 104,000.0.
This IPO will be allotted on Dec 06, 2023.
The refund will be credited to your account on Dec 07, 2023.
The allotted shares will be credited to your demat on Dec 07, 2023.
Marinetrans India Ltd.’s shares listed on the stock exchanges on Dec 08, 2023.