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Marinetrans India Ltd

Registered Office : 801/802 8th flr Vindhya Commer,-cial Complex # 1 Sect 11 CBD,Thane Maharashtra 400614 Phone : +91-7777045320
Fax :

Email : compliance@marinetrans.in

Website :

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-2023

05-Dec-2023

Money Payable On

Application

Allotment

26.00

0.00

Minimum Application for shares in Nos : 4000.0 Further Multiples of : 4000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

10.33

10.92

12.72

26.00

Swaraj Shares & Securities Pvt Ltd

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

Skyline Financial Services Pvt