Sadhav Shipping Limited IPO

NSE SME

Listed On: Mar 1, 2024 at ₹ 135.0

₹ 114000 /1200 Shares

Check Allotment

Sadhav Shipping Limited IPO Details

23 Feb, 2024

Open Date

27 Feb, 2024

Close Date

28 Feb, 2024

Allotment Date

01 Mar, 2024

Listing Date

Issue Price

₹95 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Maashitla Securities Private Limited

List Price

135.0

Listing Date

2024-03-01

Market Lot

1200 Shares (₹114,000/-)

Lead Manager

Isk Advisors Pvt Ltd

Issue Size

4,018,800 shares(aggregating up to ₹38.18 Cr)

Retail Portion

50%

Subscription

125.04 times

IPO Docs

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

12.66

P/E Post IPO

16.75

RoNW

18.94%

Sadhav 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

About The Company

Sadhav Shipping Limited owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services. The company was previously known as Homa Offshore & Shipping Company Private Limited.

The company has barges that are used in coastal and inland waterway shipping for the transportation or lightering of goods. The company operates and manages Port crafts and also offers high-speed security boats for patrol services.

Sadhav Shipping has three business divisions:
Offshore Logistics: Exploration and production of oil and gas in offshore fields
Port Services: High-speed patrol boats for ports
Oil spill response: Tier 1 oil spill response equipment for ports

The company has 24 ships, of which 19 are owned and 5 are leased, which are deployed in 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%

Company Promoter(s)

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.

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 Mar 1, 2024.

Ans. Follow the steps to check the allotment status for Sadhav Shipping Limited IPO here.