Marinetrans India Ltd

Registered Office: 801/802 8th flr Vindhya Commer,-cial Complex # 1 Sect 11 CBD, Thane - 400614, Maharashtra, India. Phone : +91-7777045320   Fax: Email : compliance@marinetrans.in Website :NA

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. Issue Opens On Closes On 30-Nov-23 05-Dec-23 Money Payable On Application Allotment 26.00 0.00 Minimum Application for shares in Nos : 4000 Further Multiples of : 4000 (.Cr) Lead Managers to the Issue Project Cost (.Cr) 10.33 Swaraj Shares & Securities Pvt Ltd Project Financed through Current Offer (.Cr) 10.92   Post Issue Equity Share Capital (.Cr) 12.72 Issue Price () 26.00

Projects

Funding of working capital requirements of the company General corporate expenses

Promoted By

Tirajkumar Babu Kotian

Arunkumar Narayan Hedge

Listing At

NSE - SME

Registrar to the Issue

No Data Available