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: It is a fixed price issue aggregating to Rs 38.18 crores, with shares priced at ₹95. The minimum lot size of the IPO is 1200 shares, requiring a ₹114,000 retail investment. High Net worth Individuals will be able to invest in 2 lots at ₹228,000.
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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.
IPO Overview
Sadhav Shipping is going to launch its Initial Public Offering of Rs 38.18 crore, comprising 40.19 lakh shares, for subscription starting from February 23, 2024, and will close on February 27, 2024. The allotment is expected to be finalized on February 28, 2024, and the NSE SME listing is expected to be done on March 1, 2024.
The company’s IPO price is ₹95 per share, and the investment is available in the minimum lot of 1,200 shares. Sadhav Shipping IPO GMP Today is ₹30. Retail investors have to invest ₹114,000, while HNI subscribers have to invest ₹228,000 for 2 lots.
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 and is running marine assets necessary for the port’s activity, coastline logistics, and other sea-related services. Previously known as Homa Offshore & Shipping Company Private Limited, the firm utilizes barges to operate inside and outside the coastal waters. For the transit or lightering movement of cargo, barges are also used outside the coastwaters. The company owns and manages port vessels and provides high-speed security boats for patrol services. The company operates 24 ships, 19 of which are owned and 5 leased, in various areas of
Indian marine trade. On March 31, 2023, the company had 421 employees. 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
Registrar Info
| Name | Maashitla Securities Private Limited |
| Phone number | +91-11-45121795-96 |
| Email ID | contact@maashitla.com |
| Website | maashitla.com |
Contact Details
| Name | Sadhav Shipping Limited |
| Phone number | +91 ‐22‐40003355 |
| Email ID | cs@sadhav.com |
| 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.
