Sadhav Shipping Ltd
Price Range
₹95
Min. Quantity
1,200
Closes on
27 February 2024
Min. investment
₹1,14,000/1,200 Shares
Sadhav Shipping Ltd IPO Timeline
Sadhav Shipping Limited (SSL) was originally formed and registered as a Private Limited in the name of 'Homa Offshore & Shipping Company Private Limited', dated August 16, 1996. Later on, Company changed its name from 'Homa Offshore & Shipping Company Private Limited' to 'Sadhav Shipping Company Private Limited' and Certificate of Incorporation was issued on March 31, 1999, issued by Registrar of Companies, Mumbai, Maharashtra. Thereafter, the Company got converted into a Public Limited Company and the name was changed to 'Sadhav Shipping Company Limited' dated March 21, 2006. Later on, the name of Company was again changed from 'Sadhav Shipping Company Limited' to 'Sadhav Shipping Limited' and fresh Certificate of Incorporation was issued by the Registrar of Companies, Mumbai, Maharashtra dated March 28, 2006.
| Event | Date |
|---|---|
| Sadhav Shipping Ltd IPO Opening Date | 23 February 2024 |
| Sadhav Shipping Ltd IPO Closing Date | 27 February 2024 |
| Basis of Allotment | 28 February 2024 |
| Initiation of Refunds | 29 February 2024 |
| Credit of Shares to Demat | 29 February 2024 |
| Sadhav Shipping Ltd IPO Listing Date | 1 March 2024 |
Sadhav Shipping Ltd IPO Details
| Sadhav Shipping Ltd IPO Date | 23 February 2024 to 27 February 2024 |
| Sadhav Shipping Ltd IPO Face Value | ₹10 per share |
| Sadhav Shipping Ltd IPO Price | ₹95 to ₹0 per share |
| Sadhav Shipping Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹38.18 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹38.18 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Kamal Kant Biswanath Choudhury, Sadhana Choudhury, Vedant Kamalnath Choudhury |
Sadhav Shipping Ltd IPO Lot Size
The Sadhav Shipping Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,14,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,14,000 |
| Maximum | 1 | 1,200 | ₹1,14,000 |
- Strengths
- Risks
- Opportunities
- Company is in ship operation business since last 27 years.
- Experienced Promoters and Management Team.
- Quality backed assets to service to its client requirement.
- Strong Client Base.
- Business Growth opportunities.
Company Financials
Sadhav Shipping Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 179.64 | 84.7 | 9.15 |
| 03-2023 | 116.29 | 78.91 | 7.75 |
| 03-2022 | 69.09 | 69.78 | 3.01 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/Prepayment in part of full of certain outstanding borrowings availed by the company
- Part funding of capital expenditure to purchase acquire additional boats vessels
- Working capital requirements
- General corporate purposes
Sadhav Shipping Ltd IPO Promoter Holding
| Pre Issue Share Holding | 63.18% |
| Post Issue Share Holding | 45.49% |
Sadhav Shipping Ltd IPO Subscription Status (Bidding Detail)
The Sadhav Shipping Ltd IPO is subscribed 120.7193 times on 27 February 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 120.7193 |
Sadhav Shipping Ltd IPO Prospectus
Sadhav Shipping Ltd IPO Listing Date
| Listing Date | 1 March 2024 |
| BSE Script | 92472 |
| NSE Symbol | SADHAV |
| Listing In | NSE - SME |
| ISIN | INE0K5H01010 |
| IPO Price | ₹95 |
| Face Value | ₹10 |
Company Contact Information
521 5th Flr Loha BhavanP D Mello Road Masjit (East),Mumbai-400009
Phone: +91-22-4000 3355
Email: cs@sadhav.com
Website: www.sadhavshipping.com
Sadhav Shipping Ltd IPO Registrar
Sadhav Shipping Ltd IPO Lead Manager(s)
- ISK Advisors Pvt Ltd
FAQ
What is the issue size of Sadhav Shipping Ltd IPO?
I have pre-applied for Sadhav Shipping Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.