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Sadhav Shipping IPO is a fixed price issue of ₹38.18 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹38.18 crore.
Sadhav Shipping IPO bidding started from Feb 23, 2024 and ended on Feb 27, 2024. The allotment for Sadhav Shipping IPO was finalized on Feb 28, 2024. The shares got listed on NSE SME on Mar 1, 2024.
Sadhav Shipping IPO price is ₹95.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,28,000.
ISK Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Sadhav Shipping IPO RHP for detailed Information.
| IPO Date | February 23, 2024 to February 27, 2024 |
| Listing Date | March 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,18,800 shares (aggregating up to ₹38.18 Cr) |
| Reserved for Market Maker | 2,02,800 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.93 Cr) |
| Net Offered to Public | 38,16,000 shares (aggregating up to ₹36.25 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,03,33,818 shares |
| Share Holding Post Issue | 1,43,52,618 shares |
Sadhav Shipping IPO offers total 40,18,800 shares. Out of which 19,08,000 (47.48%) allocated to NII, 19,08,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,02,800 (5.05%) |
| NII (HNI) Shares Offered | 19,08,000 (47.48%) |
| Retail Shares Offered | 19,08,000 (47.48%) |
| Total Shares Offered | 40,18,800 (100.00%) |
Sadhav Shipping IPO opens on February 23, 2024, and closes on February 27, 2024.
| IPO Open Date | Fri, Feb 23, 2024 |
| IPO Close Date | Tue, Feb 27, 2024 |
| Tentative Allotment | Wed, Feb 28, 2024 |
| Initiation of Refunds | Thu, Feb 29, 2024 |
| Credit of Shares to Demat | Thu, Feb 29, 2024 |
| Tentative Listing Date | Fri, Mar 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 27, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,14,000 |
| Retail (Max) | 1 | 1,200 | ₹1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, 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:
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's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 13,113.49 | 11,628.71 | 6,909.44 | 6,117.64 |
| Total Income | 3,385.69 | 7,890.59 | 6,977.94 | 6,123.67 |
| Profit After Tax | 406.97 | 775.44 | 300.93 | 330.77 |
| Net Worth | 4,501.44 | 4,094.46 | 3,503.51 | 3,205.61 |
| Reserves and Surplus | 4,206.18 | 3,799.21 | 3,208.26 | 2,910.36 |
| Total Borrowing | 6,681.84 | 5,527.45 | 2,083.08 | 1,776.04 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Sadhav Shipping IPO is ₹136.35 Cr.
| KPI | Values |
|---|---|
| ROE | 20.41% |
| ROCE | 14.36% |
| RoNW | 18.94% |
| Price to Book Value | 2.40 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.50 | 5.67 |
| P/E (x) | 12.66 | 16.75 |
The Objects of the Net Issue is to raise funds for:
[Dilip Davda] The company is engaged in operating marine assets including logistics and other port related services. It marked growth in its top and bottom lines except for FY22 where it marked lower profits in line with the general trends for the segment on account of the Pandemic. SSL is providing many services under one roof and is poised for bright prospects ahead considering the rise in trade activities. The issue appears fully priced based on its FY24 annualized earnings. However, Investors may lap it up for medium to long term rewards. Read detail review...
| Listing Date | March 1, 2024 |
| BSE Script Code | |
| NSE Symbol | SADHAV |
| ISIN | INE0K5H01010 |
| Final Issue Price | ₹95 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹135.00 |
| Low | ₹135.00 |
| High | ₹141.75 |
| Last Trade | ₹141.75 |
Sadhav Shipping Ltd.
521 5th Floor,
Loha Bhavan, P.Dʹmello Road,
Masjid (East),
Mumbai, Maharashtra, 400009
Phone: +91 ‐22‐40003355
Email: cs@sadhav.com
Website: http://www.sadhavshipping.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: contact@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Sadhav Shipping IPO is a SME IPO of 40,18,800 equity shares of the face value of ₹10 aggregating up to ₹38.18 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on February 23, 2024, and closes on February 27, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sadhav Shipping IPO using UPI as a payment gateway. Zerodha customers can apply in Sadhav Shipping IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sadhav Shipping IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sadhav Shipping IPO opens on February 23, 2024 and closes on February 27, 2024.
Sadhav Shipping IPO lot size is 1200, and the minimum amount required for application is ₹1,14,000.
You can apply in Sadhav Shipping IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sadhav Shipping IPO will be done on Wednesday, February 28, 2024, and the allotted shares will be credited to your demat account by Thursday, February 29, 2024. Check the Sadhav Shipping IPO allotment status.
The Sadhav Shipping IPO listing date is on Friday, March 1, 2024.
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