Marinetrans India, a promising player in the maritime sector, is gearing up for its first-ever public offering (IPO). With a fixed price issue of Rs 10.92 crore, the IPO comprises 42 lakh new shares, inviting investors to join the company’s growth story.
Subscription and Allotment
Starting November 30, 2023, investors can subscribe to the Marinetrans India IPO until December 5, 2023. The allotment details will be disclosed on December 8, 2023, ensuring transparency for all participants.
Listing Details
Scheduled to list on NSE SME on December 11, 2023, the IPO is priced at ₹26 per share. This pricing makes it an attractive entry point for potential investors keen on exploring Marinetrans India’s potential.
Investment Opportunities
For participation, the minimum application requirement is 4000 shares, catering to a diverse range of investors. Retail investors can enter with a minimum investment of ₹104,000, emphasizing inclusivity. High-net-worth individuals (HNI) have the option to invest in two lots totaling 8,000 shares, equivalent to ₹208,000.
Key Players Involved
Swaraj Shares and Securities Private Limited oversees the IPO process as the bookrunner and lead manager. Skyline Financial Services Private Ltd. acts as the registrar, managing administrative tasks. Additionally, NNM Securities serves as the market maker, contributing to market liquidity and stability.
| Marinetrans India IPO Overview | Amount (in INR) |
|---|---|
| Issue Size | Rs 10.92 Crores |
| Fresh Issue Size | 42 Lakh Shares |
| Subscription Period | Nov 30, 2023, to Dec 5, 2023 |
| Allotment Finalization Date | Dec 8, 2023 |
| Listing Date (Tentative) | Dec 11, 2023 |
| Issue Price per Share | ₹26 |
| Minimum Lot Size | 4000 Shares |
| Retail Investor Minimum Investment | ₹104,000 |
| HNI Minimum Lot Size | 2 Lots (8,000 Shares) |
| HNI Investment Amount | ₹208,000 |
