About Marinetrans India Limited
Marinetrans India Limited is launching its IPO. The offer opens for subscription on November 30, 2023 and will close on December 5, 2023.
Disclaimer: This stock will trade with a lot size of 4000 shares in the SME segment on listing.
What does Marinetrans India Limited do?
Marinetrans, founded in 2004 by Mr. Tiraj Kumar Babu Kotian, specializes in sea freight forwarding. It started with a focus on sea freight and expanded through ‘Safewater Lines India Private Limited’ but underwent a demerger in 2019 to cater to different geographical regions. The company offers a wide range of transport management and freight-related services, including sea and air freight, third-party logistics, packaging, loading/unloading, and more through informal partnerships.
Their main goal is to guarantee the safe delivery and transportation of goods by developing solutions that are specific to the requirements of each client. The company operates through multiple Indian sites to carry freight abroad. Its headquarters are in Navi Mumbai, and it has a branch in Ahmedabad. Serving as a go-between for shipping companies and clients, they depend on outside logistics companies for cargo delivery, transportation, and customs clearance. Because they are not licensed Custom House Agents, they contract out the customs clearing work to CHA forwarders.
As a part of the Co-operative Logistics Network and JCtrans Agency Network, the business helps arrange door-to-door third-party shipments by connecting with other network members. They prioritize building personal relationships with customers and have established partnerships to offer diverse services at competitive prices. Their services include freight forwarding, transportation, multimodal transportation, and other value-added services like door-to-door delivery, cargo handling, and packing.
Schedule/Timeline of Marinetrans India Limited IPO
| Issue Period | 30th November to 5th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 8, 2023 |
| Initiation of Refunds | December 11, 2023 |
| Credit of Shares | December 12, 2023 |
| Date of Listing | December 13, 2023 |
| Mandate end date | December 20, 2023 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 4, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 9, 2024 |
How to apply to the Marinetrans India Limited IPO?
You can apply for the Marinetrans India Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Marinetrans India Limited IPO?
You can check the allotment status for the Marinetrans India Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.