February, 29 2024 Thursday 16:26 Hrs
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IPO Synopsis

Marinetrans India Ltd
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
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