anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

MARKET

IPO Synopsis
Marinetrans India Ltd
Registered Office: 801/802 8th flr Vindhya Commer, -cial Complex # 1 Sect 11 CBD, Thane - 400614, Maharashtra
Phone: 1
Email: 1
Website: 1
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 Money Payable On
Opens On Closes On Application Allotment
30-Nov-2023 05-Dec-2023 26.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 10.33
Project Financed through Current Offer 10.92
Post Issue Equity Share Capital 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
NSE - SME
Registrar to the Issue
Attention Investor
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