Marinetrans India IPO open today check details now 2023

Marinetrans India  IPO description – Marinetrans India   India Limited is coming up with its Initial public offering. The IPO will be open for subscription on November 30, 2023

 

Marinetrans India IPO – Details

 

IPO Open Date 30 November 2023
IPO Close Date 05 December 2023
Issue Type Fixed Price Issue IPO
Issue Size 42,00,000 Shares Worth ₹10.92 Crore

Fresh Issue: 42,00,000 Shares Worth ₹10.92 Crore

Face Value ₹10 per equity share
IPO Price ₹26
Market Lot 4000 Shares
Minimum Order 4000 Shares (1 Lot)
Listing At NSE SME
Register Skyline Financial Services Private Ltd
Retail Shares Offered 50%
Other Shares Offered 50%

 

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Marinetrans India IPO – Date Schedule

 

IPO Opening Date 30 November 2023
IPO Closing Date 05 December 2023
Finalization of Basis of Allotment 08 December 2023
Refunds Initiation 09 December 2023
Transfer of shares to demat accounts 10 December 2023
Listing Date of IPO 11 December 2023

 

Marinetrans India IPO – About Company 

 

Marinetrans is engaged in the business of sea freight forwarding. The company began as a freight forwarder and later expanded to offer Door-to-Door Delivery and 3PL services for the logistics industry through informal agreements with third-party service providers. The company provides a wide range of transport management and freight-related services to its customers, including Freight Forwarding, which covers both sea and air freight.

The company is headquartered in Navi Mumbai, Maharashtra, and has a branch in Ahmedabad, Gujarat. It primarily operates through JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and other locations in India to transport cargo across the world.

 

Marinetrans India IPO
Marinetrans India IPO

 

Marinetrans India IPO – Industry Overview 

The worldwide market for Ocean Freight Forwarding is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2026. According to a new study, global Ocean Freight Forwarding market size was $1,15,930 million in 2019 and it is expected to reach $1,92,140 million by the end of 2026, with a CAGR of 7.4% during 2021-2026.

In FY 2020-21, the market size of the Indian logistics market was around US$250 billion, estimated to reach US$380 billion by 2025. Post pandemic, the logistics industry in India is poised for high growth at a CAGR of 10- 12 percent, with the aid of digitization.

While infrastructure readiness and technology are expected to be primary engines of its growth, other trends propelling its momentum include the adoption of technology for tactical, strategic, and operational decision making, routing, fleet optimization, and data analysis.

Digital freight forwarding units have mushroomed in the recent times, with trends like “Uber for freight” gaining popularity. Most freight forwarders are now going digital, making the process of booking freight accessible and easy, at the reach of a click.

India has done considerably well in the development of infrastructural connectivity through programs like constructing freight corridors, Sagarmala, Bharatmala. The most recent federal budget has increased spending for the development of connectivity infrastructure projects.

Additionally, in the pursuit for enhanced quality and reduced costs, market leaders are expected to leverage the Internet of Things (IoT), automation technology, blockchain technology, cloud computing, advanced / big data analysis, artificial intelligence (AI), and robotics, in the logistics domain.

 

Marinetrans India IPO – Financial Performance

 

FY 2022 FY 2023 2M FY 2024
Revenue 203.21 150.27 13.84
Expenses 200.77 148.29 13.66
Net income 1.86 1.53 0.14

Figures in INR Crores

 

Marinetrans India IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 4.91 2.18 1.79
PE ratio 14.53
RONW (%) 6.31 12.83 9.53
NAV 17.02 18.81
ROCE (%) 10.13 16.72 11.29
EBITDA (%) 1.65 1.44 1.78
Debt/Equity 0.17 0.17 0.35

 

Marinetrans India IPO – Prospectus

 

 

Marinetrans India IPO – Competitive Strengths

 

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

 

Marinetrans India IPO – Object Of The Issue

 

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

 

Marinetrans India IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
Coming soon

 

Marinetrans India IPO – Allotment Status

Marinetrans India   IPO allotment status will be available on the Skyline Financial Services’ Website. Click on this link to get allotment status.

Marinetrans India IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 4000 1,04,000
Retail (Max) 1 4000 1,04,000
HNI (Min) 2 8000 2,08,000

 

 

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