Marinetrans India Ltd. has announced public offering of 4200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 16.00 per share. The gross proceeds of the issue are expected to be Rs 1,092.00 lakhs.
The company's initial public offer (IPO) will open on 30 November 2023 and is expected to close on 05 December 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 4200000 Equity Shares of the Company at an price of Rs 26.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.
Marinetrans India Ltd. anticipates using the proceeds of the issue for .
Swaraj Shares and Securities Pvt. Ltd. as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.