Marinetrans India Ltd Share Price

Marinetrans India Ltd Formerly known as Marinetrans India Private Limited was incorporated on June 24 2004 as a Private Company in Maharashtra Mumbai. The Company was converted into Public Limited Company through a fresh Certificate of Incorporation dated May 18 2023 issued by the Registrar of Companies Mumbai.Marinetrans mean the business of specializing in sea freight forwarding. Established in June 2004 the Company was founded by Mr. Tiraj Kotian. The Company operate as a multiproduct trading company with a diverse product portfolio. It is broadly into the business of shipment consignment tracking consolidation custom clearance freight forwarding services for more than eighteen years. However after fifteen years the Company Board passed a Resolution approving for a Demerger Scheme on April 10 2019 separating the Company and Safewater Lines India Private Limited. Consequently in July 2020 Marinetrans India Limited Demerged Company and Safewater Lines India Private Limited the Resultant Company got demerged through Scheme of Arrangement effective on April 10 2019 and the whole of demerger undertaking stood transferred to and vested in as going concern with Resultant Company in terms of the Scheme. The Company offers a comprehensive range of freight forwarding services including sea freight and air freight. For sea freight forwarding it handle all shipping requirements from doortodoor pickup to managing shipping documents. Their air freight forwarding services go beyond transport providing personalized solutions and compliance with aviation and safety regulations. In addition to freight forwarding the Company specialize in custom clearance services offering documentation support and handling import and export clearance at ports. Their services encompass Freight Forwarding including both sea freight and air freight. Additionally it has established partnerships with various intermediaries to provide ancillary services such as Transportation Multimodal Transportation Project Cargo Handling Third Party Logistics Packaging Loading/Unloading and unpacking of items which helps to provide endtoend solutions and other valueadded services to cater to the diverse needs of customers.Transportation services are also part of portfolio providing safe and reliable surface transportation for general cargo heavy and overdimensional consignments. As a multimodal transport operator the Company integrate different modes of transport including air sea and land to provide efficient and costeffective doortodoor movement of goods. It provide valueadded services such as doortodoor delivery cargo handling packing etch. Doortodoor delivery simplifies logistics management while cargo services cater to the unique requirements of transporting items for exhibitions.The Company is proposing an Initial Public Issue of upto 4200000 Equity Shares through Fresh Issue..

Revenue: ₹23.77Cr as on March 2023 (Q4 FY23)
Net Profit: ₹0.22Cr as on March 2023 (Q4 FY23)
Listing date: 08 Dec, 2023