Marinetrans India IPO opens for subscription: Check out lot size, allotment date, other details

Marinetrans India IPO: The IPO will be open for subscription for three trading days, i.e., until December 5 from 10 am to 5 pm. The SME IPO is a fixed-priced issue of Rs 10.92 crore and is entirely a fresh issue of 42 lakh shares.

Marinetrans India IPO: The SME IPO of Marinetrans India opened for subscription on Thursday, November 30, with a price of Rs 26 per share. Image: Freepik/ Representational image

Marinetrans India IPO: The SME IPO of Marinetrans India opened for subscription on Thursday, November 30, with a price of Rs 26 per share. The IPO will be open for subscription for three trading days, i.e., until December 5 from 10 am to 5 pm. The SME IPO is a fixed-priced issue of Rs 10.92 crore and is entirely a fresh issue of 42 lakh shares.

Marinetrans India IPO

The Marinetrans India IPO price is Rs 26 per share, and the minimum lot size for an application is 4,000 shares.

Here are some important things to know about the Marinetrans India IPO.

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Marinetrans India IPO allotment date

The basis of the allotment of shares under the SME IPO of Marinetrans India is set to be finalised on December 8.

Marinetrans India IPO listing date

The Marinetrans India stock is likely to be listed on December 11. The stock will be traded on the NSE Emerge Platform, NSE SME.

Marinetrans India IPO: Book-running lead managers

Swaraj Shares and Securities Private is the book running lead manager of the Marinetrans India IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Marinetrans India IPO: Fund Utilisation

The company proposes to utilise the IPO proceeds to fund the working capital requirements of the company, general corporate expenses, and issue expenses.

What does Marinetrans India do?

Headquartered in Navi Mumbai, Maharashtra, Marinetrans India was incorporated in June 2004. Marinetrans is engaged in the business of sea freight forwarding. Marinetrans India began as a freight forwarder and later expanded to offer door-to-door delivery and 3PL services for the logistics industry through informal agreements with third-party service providers.

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