Marinetrans India Limited IPO GMP Today

Marinetrans India Limited IPO GMP Today, Company Details, SME IPO GMP Today

Marinetrans India Limited IPO : In a strategic move to bolster its financial standing and tap into the opportunities offered by the stock market, Marinetrans India Limited is set to launch its Initial Public Offering (IPO) worth ₹10.92 crore. The IPO is exclusively a fresh issue, comprising 4,200,000 equity shares, with no offer for sale (OFS) component, as outlined in the Red Herring Prospectus (RHP).

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Marinetrans India Limited IPO Dates

IPO Open DateThursday, November 30, 2023
IPO Close DateTuesday, December 5, 2023
Basis of AllotmentFriday, December 8, 2023
Initiation of RefundsMonday, December 11, 2023
Credit of Shares to DematSunday, December 10, 2023
Listing DateMonday, December 11, 2023

Marinetrans India Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)14000₹104,000
Retail (Max)14000₹104,000
HNI (Min)28,000₹208,000

Marinetrans India Limited Company Fundamentals

Period Ended31 May 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,615.362,618.582,305.892,204.06
Revenue1,384.3815,036.8420,327.239,613.13
Profit After Tax13.91152.83186.2479.78
Net Worth1,617.961,604.041,451.221,255.94
Reserves and Surplus
Total Borrowing603.68557.98252.75212.38
Amount in ₹ Lakhs

The primary objective behind the IPO is to raise capital for essential aspects of Marinetrans India Limited’s operations. The funds garnered will be channeled towards meeting working capital needs, covering general corporate expenses, and managing the issue-related expenditures. This strategic move aims to fortify the company’s financial foundation and position it for sustained growth.

Marinetrans India Limited’s IPO is not just a financial move; it’s a strategic step towards long-term growth and market positioning. As the company prepares to join the ranks of listed entities, the IPO is expected to open new avenues for development, foster investor confidence, and strengthen Marinetrans India Limited’s presence in the industry.

Marinetrans India IPO Allotment Status (Registrar)

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Websitehttps://www.skylinerta.com/ipo.php

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