Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Mon, Dec 18, 2023 - Wed, Dec 20, 2023
Sahara Maritime IPO is a fixed price issue of ₹6.88 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹6.88 crore.
Sahara Maritime IPO bidding started from Dec 18, 2023 and ended on Dec 20, 2023. The allotment for Sahara Maritime IPO was finalized on Dec 21, 2023. The shares got listed on BSE SME on Dec 26, 2023.
Sahara Maritime IPO price is ₹81 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,59,200.
Swaraj shares & securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Sahara Maritime IPO RHP for detailed Information.
IPO Open
Mon, Dec 18, 2023
IPO Close
Wed, Dec 20, 2023
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹24.87 Cr
| IPO Date | 18 to 20 Dec, 2023 |
| Listed on | Tue, Dec 26, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,49,600 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 43,200 shares Shreni Shares Ltd. (agg. up to ₹0.3499 Cr) |
| Fresh Issue (Ex Market Maker) | 8,06,400 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 8,06,400 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 22,21,050 shares |
| Share Holding Post Issue | 30,70,650 shares |
| BSE Script Code | 544056 |
| ISIN | INE0PSJ01011 |
Sahara Maritime IPO comprises a total issue size of 8,49,600 shares. The net offer to the public is 8,06,400 shares, after excluding 43,200 shares allotted on a firm basis. Of the Net offer 4,03,200 (50.00%) allocated to NII 4,03,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,03,200 | 50.00% | 47.46% |
| Retail Shares Offered | 4,03,200 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 43,200 | 5.08% | |
| Total Shares Offered | 8,49,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Incorporated in 2009, Sahara Maritime Limited is a non-governmental organization that provides transportation, storage and communication services for maritime needs. The company offers a range of freight services to its clients, which includes transportation management. The company has partnered with various intermediaries to provide additional services such as multimodal transportation, project cargo handling, third party logistics, packing, loading and unloading of items. Sahara Maritime's services include the following
Freight Forwarding: The company offers sea freight forwarding services, including booking space for export shipments and organizing all shipping requirements for customers.
Warehousing: As part of its services, the company has leased a warehouse facility to facilitate warehousing and reduce administration time.
Multimodal transportation: The multimodal transportation services offered by the company are a reliable and efficient way of combining different modes of transport, such as sea and land transport, into one overall process. This ensures that goods are transported cost-efficiently from door to door - all under one roof.
Allied logistics services: The company offers a range of services, including handling heavy transportation equipment, chartering shipments, door-to-door deliveries, freight handling and packaging. The door-to-door delivery service facilitates logistics management, while the freight service caters to the special transportation requirements of goods.
The company works on asset light model that reduces the risk of operation cost such as fuel costs, maintenance costs and depreciation and capital expenditure.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8.81 | 9.65 | 7.34 | 5.36 |
| Total Income | 5.32 | 26.11 | 21.05 | 10.22 |
| Profit After Tax | 0.01 | 1.21 | 0.52 | 0.65 |
| NET Worth | 5.32 | 5.31 | 3.66 | 3.13 |
| Reserves and Surplus | 3.09 | 3.08 | 3.65 | 3.12 |
| Total Borrowing | 1.64 | 1.73 | 0.12 | 0.39 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of our Company towards purchase of: (i) commercial vehicles; and (ii) Office Equipment’s | 0.33 |
| 2 | Working capital requirements | 4.84 |
| 3 | General Corporate Purposes | 0.80 |
| KPI | |
|---|---|
| ROE | 26.72% |
| ROCE | 32.77% |
| Debt/Equity | 0.33 |
| RoNW | 22.76% |
| PAT Margin | 4.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.44 | |
| P/E (x) | 15.03 | |
| Promoter Holding | 100.00% | 72.32% |
| Market Cap | ₹24.87 Cr. |
The Sahara Maritime IPO is subscribed 22.67 times on December 20, 2023 7:02:00 PM (Day 3). The public issue subscribed 36.35 times in the retail category, [.] times in the QIB category, and 8.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 8.98 | 4,03,200 | 36,20,800 |
| Retail | 36.35 | 4,03,200 | 1,46,57,600 |
| Total | 22.67 | 8,06,400 | 1,82,84,800 |
Total Application : 12,858
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.34 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.01 |
| 5 | Fees payable to advertising and marketing expense | 0.02 |
| 6 | Fees Payable to regulators including stock exchange | 0.02 |
| 7 | Printing and stationery expenses | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, consultancy, peer review auditors, etc.) | 0.51 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹81.00 |
| Low | ₹77.40 |
| High | ₹85.05 |
| Last Trade | ₹81.16 |
Lead Manager Reports
Sahara Maritime IPO is a SME IPO of 8,49,600 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Dec 18, 2023, and closes on Wed, Dec 20, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sahara Maritime IPO using UPI as a payment gateway. Zerodha customers can apply in Sahara Maritime IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sahara Maritime IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sahara Maritime IPO opens on Mon, Dec 18, 2023 and closes on Wed, Dec 20, 2023.
Sahara Maritime IPO lot size is 1600, and the minimum amount required for application is ₹1,29,600.
You can apply in Sahara Maritime 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 Sahara Maritime IPO will be done on Thursday, December 21, 2023, and the allotted shares will be credited to your demat account by Fri, Dec 22, 2023. Check the Sahara Maritime IPO allotment status.
The Sahara Maritime IPO listing date is on Tue, Dec 26, 2023.
