Marinetrans India Limited

Company Profile
Company Name Marinetrans India Limited
Open Date 30-11-2023
Close Date 05-12-2023
Exchange NSE SME
Lot Size 4000 shares
Issue Price ₹26 per share
Issue Size 42,00,000 Equity Shares
Application Amount ₹ 1,04,000
Recommendation Avoid
Marinetrans India Limited was originally incorporated in the year 2004 and has its registered office in Maharashtra, India. The Company initially started as a freight forwarder, then went to Door-to-Door Delivery and 3PL services for the logistics industry via informal arrangements with the third-party service providers. The Company is purely dependent on various thirdparty logistics providers for transportation, customs clearances, and delivery of cargo to the end place. As of 24th November 2023, the Company had` 46 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-2 1 Mar-22 Mar-23 May-23
Total Assets 2,204.06 2,305.88 2,618.59 2,615.34
Net Assets 1,255.94 1,451.22 1,604.04 1,617.96
Total Borrowings 212.38 252.76 557.71 603.68
Total Revenue 9,613.13 20,327.23 15,036.84 1,384.38
Profit After Tax 70.69 186.24 152.82 13.91

Tentative Timeline

Opening Date 30-11-2023
Closing Date 05-12-2023
Basis of Allotment 08-12-2023
Initiation of Refunds 11-12-2023
Credit of Shares to Demat 10-12-2023
Listing Date 11-12-2023

Objects of the Issue

Funding Working Capital Requirement
General Corporate Purpose
To Meet the Issue Expenses

Contact Information

Registered Office Marinetrans India Limited - 801/802, 8th Floor, Vindhya Commercial Complex Plot No. 1, Sector 11, CBD Belapur Navi Mumbai, Thane - 400614
Phone +91-7777045320

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100%
Share Holding Post Issue (Promoters) 67%

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