Marinetrans India IPO

Marinetrans India Limited

₹1,04,000 /4000 sharesMinimum Investment

Marinetrans India IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹26.00₹30.00₹4.00 (15.38%)

Marinetrans India IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Nov ‘23 - 5 Dec ‘23₹1,04,0004,000₹26 - ₹26
Issue SizeIPO Doc
10.92Cr
RHP PDF

About Marinetrans India

Marinetrans India, originally established as a freight forwarder, later expanded its services to include door-to-door delivery and 3PL services through informal arrangements with third-party providers. The company offers a wide range of transport management and freight-related services covering sea and air freight. In addition, Marinetrans India has informal partnerships with various intermediaries to provide ancillary services like Transportation, Multimodal Transportation, Project cargo handling, Third Party Logistics, Packaging, loading/unloading, and unpacking. Marinetrans India operates from its Head office in Navi Mumbai, Maharashtra, and has a branch in Ahmedabad, Gujarat. The company primarily operates through key locations such as JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and others, facilitating cargo transportation from any location in India to destinations worldwide. The company plays a crucial role in obtaining and confirming Sales Booking Requests, confirming Shipping Lines, ensuring Direct Customer Transport, managing stuffing, overseeing transportation in docks, and coordinating with customers until the delivery of goods. ;
Parent Organisation
Marinetrans India Limited
Founded
2004
Managing Director
Mr. Tiraj Kumar Babu Kotian

Strengths & Risks

  • Marinetrans India possesses competitive advantages in risk management. As a part of the JCtrans Agency Network and Co-operative Logistics Network, the company can collaborate with fellow members across different locations.
  • This network affiliation allows Marinetrans India to offer third-party Door to Door Shipments efficiently, seamlessly connecting exporters with consignees.
  • The company claims a qualified and experienced management team, a valuable asset crucial for efficient operations.
  • Maintaining strong supplier relationships is a priority for the organization, emphasizing trust and understanding. These relationships lead to preferential treatment, faster response times, and customized solutions. Marinetrans India negotiates favorable supply terms, ensuring cost efficiency and market competitiveness.
  • Customer satisfaction is a core principle for Marinetrans India, demonstrated through timely delivery, competitive pricing, and a commitment to getting things right first. This customer-centric approach, combined with continuous process evaluation and improvement, fosters loyalty and differentiation in the market.
  • Marinetrans India and its promoter are currently involved in legal disputes and claims at various stages of resolution before the court and regulatory bodies. Unfavorable outcomes in these legal proceedings could lead to liabilities and penalties and negatively impact the company's reputation, business, and financial standing.
  • A significant rise in freight, transportation, and other costs has the potential to materially and adversely affect Marinetrans India's business, financial condition, and operational results.
  • The company and its promoter face a compensation demand case filed by Ms. Baytown Bonding Private Limited as per the terms outlined in the Memorandum of Understanding.
  • As of May 31, 2023, and for the years ending March 31, 2023, 2022, and 2021, the trade receivables amounted to Rs. 1,228.86 lakhs, Rs. 1,141.77 lakhs, Rs. 1,661.24 lakhs, and Rs. 1,625.09 lakhs, respectively. If the company is not able to get this amount, it may have an effect on its financials.
  • Marinetrans India's business operations are heavily concentrated in specific geographical regions, particularly in Maharashtra, India. Any adverse developments impacting operations in these regions could have a detrimental effect on revenue and operational results.
  • Many of the company's operations rely on its subsidiaries, influencing revenues, cash flows, and investment income. A substantial decrease in the value of investments in subsidiaries may adversely affect Marinetrans India's financial condition, operational results, and prospects.
  • The company has availed an unsecured loan from non-banking and non-financial institutions, repayable on demand. Any repayment demand from the lender may impact the company's cash flow and financial condition.
  • Trade payables for Marinetrans India were Rs. 381.81 lakhs, Rs. 509.81 lakhs, and Rs. 630.93 lakhs for 2023, 2022, and March 31, 2021, respectively. A significant portion of these payables is due within one year, and any inability to repay them could adversely affect the company's financial condition and operational results.
  • The company has contingent liabilities and capital commitments, the materialization of which could adversely affect its financial condition.
  • Marinetrans India has experienced negative cash flow in the past and may continue to face negative cash flows in the future.

Financials

*All values are in Rs. Cr
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Application details

Apply asPrice bandApply upto
Regular26 - 26₹2 Lakh
High Networth Individual26 - 26₹2 - 5 Lakh
For Marinetrans India IPO, eligible investors can apply as Regular.
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