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 ₹81.00 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). The minimum lot size investment for 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 Date | December 18, 2023 to December 20, 2023 |
Listing Date | December 26, 2023 |
Face Value | ₹10 per share |
Issue Price Band | |
Issue Price Final | ₹81 per share |
Lot Size | 1,600 Shares |
Sale Type | Fresh Capital |
Total Issue Size | 8,49,600 shares (aggregating up to ₹6.88 Cr) |
Reserved for Market Maker | 43,200 shares Shreni Shares Ltd. (aggregating up to ₹0.3499 Cr) |
Net Offered to Public | 8,06,400 shares (aggregating up to ₹6.53 Cr) |
Issue Type | Fixed Price IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 22,21,050 shares |
Share Holding Post Issue | 30,70,650 shares |
Sahara Maritime IPO offers total 8,49,600 shares. Out of which 4,03,200 (47.46%) allocated to NII, 4,03,200 (47.46%) allocated to RII.
Investor Category | Shares Offered |
---|---|
Market Maker Shares Offered | 43,200 (5.08%) |
NII (HNI) Shares Offered | 4,03,200 (47.46%) |
Retail Shares Offered | 4,03,200 (47.46%) |
Total Shares Offered | 8,49,600 (100.00%) |
Sahara Maritime IPO opens on December 18, 2023, and closes on December 20, 2023.
IPO Open Date | Mon, Dec 18, 2023 |
IPO Close Date | Wed, Dec 20, 2023 |
Tentative Allotment | Thu, Dec 21, 2023 |
Initiation of Refunds | Fri, Dec 22, 2023 |
Credit of Shares to Demat | Fri, Dec 22, 2023 |
Tentative Listing Date | Tue, Dec 26, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 20, 2023 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,29,600 |
Retail (Max) | 1 | 1,600 | ₹1,29,600 |
HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Sahara Maritime Limited's revenue increased by 24.07% and profit after tax (PAT) rose by 130.64% 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 | 880.95 | 964.52 | 733.57 | 535.74 |
Total Income | 531.99 | 2,611.12 | 2,104.52 | 1,021.64 |
Profit After Tax | 1.04 | 120.74 | 52.35 | 64.78 |
Net Worth | 531.58 | 530.54 | 365.69 | 313.34 |
Reserves and Surplus | 309.47 | 308.43 | 364.69 | 312.34 |
Total Borrowing | 163.81 | 173.26 | 11.97 | 38.72 |
Amount in ₹ Lakhs |
The market capitalization of Sahara Maritime IPO is ₹24.87 Cr.
KPI | Values |
---|---|
ROE | 26.72% |
ROCE | 32.77% |
Debt/Equity | 0.33 |
RoNW | 22.76% |
The Net Proceeds are proposed to be utilised in the following manner
[Dilip Davda] The company has posted lackluster performance with drastic fall in net profit for H1-FY24. Based on annualized FY24 earnings the issue is priced exorbitantly. The tiny equity capital post listing indicates longer gestation for migration to mainboard. There is no harm in skipping this costly bet. Read detail review...
Listing Date | December 26, 2023 |
BSE Script Code | 544056 |
NSE Symbol | |
ISIN | INE0PSJ01011 |
Final Issue Price | ₹81 per share |
BSE Listing Group | MT |
Price Details | BSE SME |
---|---|
Final Issue Price | ₹81.00 |
Open | ₹81.00 |
Low | ₹77.40 |
High | ₹85.05 |
Last Trade | ₹81.16 |
Sahara Maritime Ltd.
105, 106, 108, Floor-1, Plot142,
Plaza Shopping Centre, Sheriff Devji Street
Chakala Market Mandvi
Mumbai, Maharashtra, 400003
Phone: 022-2347 9362
Email: info@saharamaritime.com
Website: https://saharamaritime.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sahara Maritime IPO is a SME IPO of 8,49,600 equity shares of the face value of ₹10 aggregating up to ₹6.88 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on December 18, 2023, and closes on December 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 December 18, 2023 and closes on December 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 Friday, December 22, 2023. Check the Sahara Maritime IPO allotment status.
The Sahara Maritime IPO listing date is on Tuesday, December 26, 2023.
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