Marinetrans India Limited

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.

(Read more on the review)

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
Email	compliance@marinetrans.in
Website	https://marinetrans.in/

Offer Documents

Marinetrans India Limited DRHP

Marinetrans India Limited RHP

Registrar Details

Name	Skyline Financial Services Private Limited
Phone	02228511022
Email	ipo@skylinerta.com
Website	https://www.skylinerta.com/ipo.php

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%