Sadhav Shipping Limited IPO
NSE SMEListed On: Feb 1, 2024 at ₹ 135.0
₹ 114000 /1200 Shares
Check Allotment23 Feb, 2024
Open Date27 Feb, 2024
Close Date28 Feb, 2024
Allotment Date01 Feb, 2024
Listing DateIssue Price
₹95 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Private LimitedList Price
135.0Listing Date
2024-02-01Market Lot
1200 Shares (₹114,000/-)Lead Manager
Isk Advisors Pvt LtdIssue Size
4,018,800 shares(aggregating up to ₹38.18 Cr)Retail Portion
50%Subscription
125.04 timesSadhav Shipping Limited IPO Details
Sadhav Shipping Limited IPO is an SME IPO, priced at ₹95 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 40,18,800 equity shares, aggregating up to ₹38.18 crores..
The IPO bidding window is open from Feb 23, 2024 to Feb 27, 2024. The allotment is expected to be finalized on Feb 28, 2024, and the tentative listing date is Feb 1, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,14,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,28,000.
Isk Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Sunflower Broking Private Limited will act as the market maker for this issue.
Sadhav Shipping Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,908,000 | 1,908,000 | 3,816,000 |
| Day 1 - 23-02-24 06:00 PM | 1.08 x | 2.06 x | 1.57 x |
| Day 2 - 26-02-24 06:00 PM | 5.55 x | 13.17 x | 9.39 x |
| Day 3 - 27-02-24 06:00 PM | 184,68 x | 65.40 x | 125.04 x |
Sadhav Shipping Limited Valuations
EPS Pre IPO
₹7.5/-EPS Post IPO
₹5.67/-P/E Pre IPO
12.66P/E Post IPO
16.75ROE
20.41%ROCE
14.36%RoNW
18.94%Price to Book Value
2.40Sadhav Shipping Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 11,628.71 | 6,909.44 | 6,117.64 |
| Revenue | 7,890.59 | 6,977.94 | 6,123.67 |
| Profit After Tax | 775.44 | 300.93 | 330.77 |
| Net Worth | 4,094.46 | 3,503.51 | 3,205.61 |
| Reserves & Surplus | 3,799.21 | 3,208.26 | 2,910.36 |
| Total Borrowing | 5,527.45 | 2,083.08 | 1,776.04 |
About The Company
In 1996, Sadhav Shipping Limited was incorporated and owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services. The company was known as Homa Offshore & Shipping Company Private Limited earlier.
These include coastal and inland waterway shipping and lightering of cargo in barges.The company runs and controls Port crafts besides offering high-speed security boats for patrol services.
Sadhav Shipping operates under three business units:
Offshore Logistics: Offshore exploration and production of oil and gas
Port Services: High-speed patrol boats for ports
Oil spill response: Tier 1 oil spill response equipment for ports
The company operates 24 ships, of which 19 are owned and 5 are leased. These are deployed into various sectors of maritime trade in India.
As of March 31, 2023, the company had 421 employees.
Sadhav Shipping Limited - Promoter(s)
Pre Issue Share Holding: 96.44%
Post Issue Share Holding: 69.44%
- Mr. Kamal Kant Biswanath Choudhury
- Mrs Sadhana Choudhury
- Mr. Vedant Kamal Kant Choudhury
- Mr. Subhas Chandra Choudhury
Sadhav Shipping Limited IPO - Issue Objectives
- Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company
- Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels
- Additional Working Capital Requirement
- General Corporate Purpose.
Other Details
Sadhav Shipping Limited
521 5th Floor, Loha Bhavan, P.Dʹmello Road, Masjid (East), Mumbai - 400009Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: contact.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Sadhav Shipping Limited IPO - FAQs
Ans. Sadhav Shipping Limited IPO is a SME IPO. The issue is priced at ₹95 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Feb 23, 2024, and closes on Feb 27, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Sadhav Shipping Limited IPO opens on Feb 23, 2024 and closes on Feb 27, 2024.
Ans. The size of Sadhav Shipping Limited IPO is 4,018,800 shares(aggregating up to ₹38.18 Cr).
Ans. The IPO price band is set between ₹95 per equity share.
Ans. To apply for Sadhav Shipping Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Sadhav Shipping Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Sadhav Shipping Limited IPO is Feb 28, 2024.
Ans. The Sadhav Shipping Limited IPO will be listed on Feb 1, 2024.
Ans. Follow the steps to check the allotment status for Sadhav Shipping Limited IPO here.
