The Sadhav Shipping IPO date has been confirmed from February 23, 2024, and closes on February 27, 2024. Read the post to learn about Sadhav Shipping IPO GMP.
Sadhav Shipping Developers IPO is a fixed-price issuance worth Rs 38.18 crores, with shares priced at ₹95. The minimum lot size for the IPO is 1200 shares, which requires a retail investment of ₹114,000. High net worth individuals can buy in two lots for ₹228,000.
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Key Details Of Sadhav Shipping IPO:
Bidding Dates
Feb 23-27
Price Range
₹95 per share
Face Value
₹10 per share
GMP
₹30
Sadhav Shipping IPO GMP
The Sadhav Shipping IPO GMP Today is ₹30.
Sadhav Shipping IPO Overview
Sadhav Shipping will conduct an Initial Public Offering (IPO) of Rs 38.18 crore, containing 40.19 lakh shares, from February 23 to February 27, 2024. The allocation is expected to expire on February 28, 2024, with the NSE SME listing on March 1, 2024.
The IPO price for the business is ₹95 per share, with a minimum lot size of 1,200 shares. Sadhav Shipping IPO GMP Today is Rs. 30. HNI members must give ₹228,000 for two lots, while regular investors need to deposit ₹114,000.
Sadhav Shipping IPO Details
| IPO Date | February 23, 2024 to February 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹95 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,018,800 shares (aggregating up to ₹38.18 Cr) |
| Fresh Issue | 4,018,800 shares (aggregating up to ₹38.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,333,818 |
| Share holding post issue | 14,352,618 |
| Market Maker portion | 202,800 shares |
Sadhav Shipping Limited Financial Information
| 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 |
| Revenue | 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 | ||||
Sadhav Shipping IPO Timeline
| IPO Open Date | Friday, February 23, 2024 |
| IPO Close Date | Tuesday, February 27, 2024 |
| Basis of Allotment | Wednesday, February 28, 2024 |
| Initiation of Refunds | Thursday, February 29, 2024 |
| Credit of Shares to Demat | Thursday, February 29, 2024 |
| Listing Date | Friday, March 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 27, 2024 |
Company Profile
Sadhav Shipping Limited was established in 1996 to manage marine assets utilized for port operations, coastal logistics, and other maritime activities. Previously known as Homa Offshore & Shipping Firm Private Limited, the company uses barges to operate both in and out of coastal seas. Aside from coastwatchers, barges are employed for freight transport and lightering. The corporation owns and manages port vessels and operates high-speed patrol boats. The firm operates 24 ships throughout various divisions of the Indian marine industry, 19 of which are owned and 5 leased. As of March 31, 2023, the firm has 421 employees. Sadhav Shipping manages three business units:
- 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
Registrar Info
| Name | Maashitla Securities Private Limited |
| Phone number | +91-11-45121795-96 |
| Email ID | [email protected] |
| Website | maashitla.com |
Contact Details
| Name | Sadhav Shipping Limited |
| Phone number | +91 ‐22‐40003355 |
| Email ID | [email protected] |
| Website | sadhavshipping.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Sadhav Shipping IPO FAQs
When Sadhav Shipping IPO will open?
The Sadhav Shipping IPO opens on February 23, 2024 and closes on February 27, 2024.
What is the lot size of Sadhav Shipping IPO?
Sadhav Shipping IPO lot size is 1200 Shares, and the minimum amount required is ₹114,000.
When is Sadhav Shipping IPO allotment?
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.
When is Sadhav Shipping IPO listing date?
The Sadhav Shipping IPO listing date is not yet announced. The tentative date of Sadhav Shipping IPO listing is Friday, March 1, 2024.
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