The Sahara Maritime IPO date has been confirmed to have started on December 18, 2023 and closes on December 20, 2023.
Using an IPO, Sahara Maritime is seeking to raise Rs 6.88 crores. Its price is ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹259,200.
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Bidding Dates
Dec 18-20
Price Range
₹81 per share
Face Value
₹10 per share
GMP
₹[.]
Sahara Maritime IPO GMP
The Sahara Maritime Limited IPO GMP is ₹[.].
IPO Overview
The Sahara Maritime IPO has a fixed price of Rs 6.88 crore. The 8.5 lakh shares are a completely new issue. The Sahara Maritime IPO goes on sale on December 18, 2023, and ends on December 20, 2023. The Sahara Maritime IPO allotment is expected to be completed on Thursday, December 21, 2023. The Sahara Maritime IPO will be listed on the BSE SME with a tentative listing date of Tuesday, December 26, 2023. The IPO price for Sahara Maritime is $81 per share. An application requires a minimum lot size of 1600 Shares. Retail investors must make a minimum commitment of $129,600. The minimum lot size for HNI is two lots (3,200 shares), totaling $259,200.
Allied logistics services: The company provides a variety of services such as heavy transportation equipment handling, chartering shipments, door-to-door delivery, freight processing, and packing. The door-to-door delivery service simplifies logistics administration, whereas the goods service meets the unique transportation needs of commodities. The company operates on an asset light model, which decreases the risk of operating costs such as fuel, maintenance, depreciation, and capital expenditure.
Sahara Maritime IPO Details
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹81 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 849,600 shares (aggregating up to ₹6.88 Cr) |
| Fresh Issue | 849,600 shares (aggregating up to ₹6.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,221,050 |
| Share holding post issue | 3,070,650 |
| Market Maker portion | 43,200 shares |
Sahara Maritime Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 880.95 | 964.52 | 733.57 | 535.74 |
| Revenue | 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 |
Sahara Maritime IPO Timeline
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2023 |
Company Profile
Sahara Maritime Limited, founded in 2009, is a non-governmental organisation that provides maritime transportation, storage, and communication services. The company provides a variety of freight services to its clients, including transportation management. The company has worked with several intermediaries to provide additional services such as multimodal transportation, project cargo handling, third party logistics, and item packing, loading, and unloading. Sahara Maritime offers the following services:
Freight Forwarding: The company provides sea freight forwarding services, such as arranging space for export cargo and organising all shipping requirements for customers.
Warehousing: As part of its services, the company has leased a warehouse facility to facilitate warehousing and save administration time.
Multimodal transportation: The company’s multimodal transportation services are a dependable and efficient way of combining diverse modes of transportation, such as sea and land transport, into a single overall operation. This ensures that things are moved from door to door at a low cost – all under one roof.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sahara Maritime Limited |
| Phone number | 022-2347 9362 |
| Email ID | info@saharamaritime.com |
| Website | saharamaritime.com |
IPO Strenghts
- 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.
