Marinetrans India IPO: If you are thinking of betting in an IPO, then this is useful news for you. This week the IPO of another company will be open for investment.
Marinetrans India IPO: If you are thinking of betting in an IPO, then this is useful news for you. This week the IPO of another company will be open for investment. This IPO is of Marinetrans India. The company's issue will open for subscription on Thursday, November 30, and will close on Tuesday, December 5. The price band of MarineTrans IPO has been fixed at ₹26. Investors can bid for a minimum of 4000 shares.
Read other details: Arunkumar Narayan Hegde and Tirah Kumar Babu Kotian are the promoters of the company. Marintrans India IPO, valued at ₹10.92 crore, is a fresh issue of entirely 4,200,000 equity shares. There is no offer for sale (OFS) component. The company plans to use the funds raised to meet its working capital needs, cover general corporate expenses, and pay issue expenses to reap the benefits of being listed on the NSE Emerge platform.
About the company: Let us tell you that Marinetrans is a sea freight forwarding company. Starting as a freight forwarder, the company grew into the logistics sector by providing door-to-door delivery and third-party logistics (3PL) services through informal agreements. The company has a business branch in Ahmedabad, Gujarat, and is headquartered in Navi Mumbai, Maharashtra. Its main operations for cargo shipping across the world are from JNPT, Nhava Sheva, Mundra, Kandla, Chennai, Vizag, and other locations in India.