Business Standard

Marinetrans India Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

10.92 cr

Price Range (₹)

26

Lot Size

4000

Min Investment (₹)

1,04,000.00

Listing Exchange

NSE - SME

Open Date

30-Nov-2023

Close Date

05-Dec-2023

Listing Date

08-Dec-2023

Marinetrans India Ltd News

    The Shares of Marinetrans India Ltd have now been listed.

    Marinetrans India Ltd IPO Details

    Initial public issue of up to 42,00,000 equity shares of face value of Rs. 10.00/- each (Equity Shares) of Marinetrans India Limited for cash at a price of Rs. 26.00/-per equity share (including a premium of Rs. 16.00/- per equity share) (Issue Price) aggregating up to Rs. 10.92 crores (The Issue) of which 2,16,000 equity shares aggregating to Rs. 0.56 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 39,84,000 equity shares at an offer price of Rs. 26.00/- per equity share aggregating to Rs.10.36 crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 33% and 31.31%, respectively of the post-issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 26.00 is 2.6 times of the face value.

    Objective of issue

    Funding of working capital requirements of the company. General corporate expenses.

    Marinetrans India Ltd Contact Details

    Marinetrans India Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - compliance@marinetrans.in

    Website -