Sadhav Shipping IPO
The initial public offering (IPO) of Sadhav Shipping will open for subscription on February 23 and close on February 27, comprising fresh issues of Rs.38.18 Cr. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on March 01, 2024.
#1. Quick Intro to Sadhav Shipping
Sadhav Shipping Limited (1996) owns and operates marine assets to service ports and coastal logistics and provides other port maritime-related services. The company was previously known as Homa Offshore & Shipping Company Private Limited
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Sadhav Shipping
The company intends to use the IPO Funds for the following purposes:
- Repayment/Prepayment in part or full of certain outstanding borrowings availed by our company.
- Part funding of capital expenditure to purchase/acquire additional boats/vessels.
- Additional working capital requirement.
- General corporate purpose.
#3. Sadhav Shipping Core Strengths
- Experienced promoters and management team.
- Quality-backed assets to service our client requirements.
- Strong client base.
- Business growth opportunities.
#4. Sadhav Shipping IPO Review & Rating
| Issue Size | Rs.38.18 Crore |
| Issue Price | Rs.95 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (March 2023) | Rs.775.44 Lakh |
| ROE | 20.41 |
| ROCE | 14.36 |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Sadhav Shipping IPO Dates, Price Band & Details
Sadhav Shipping IPO will open on February 20, 2024, and close on February 22, 2024. The IPO is to be listed on February 27, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.38.18 Crore |
| Price Brand | Rs.95 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 23, 2024 |
| IPO Close Date | February 27, 2024 |
| IPO Allotment Date | February 28, 2024 |
| Refund Date | February 29, 2024 |
| Share Credit Date | February 29, 2024 |
| Listing Date | March 01, 2024 |
#6. Sadhav Shipping IPO Offer Details
Sadhav Shipping IPO’s total issue size is 4,018,800. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 4,018,800 | 38.18 |
| Offer for Sale (OFS) | – | – |
#7. Sadhav Shipping Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 7,890.59 | 6,977.94 | 6,123.64 |
| Net Worth | 4,094.46 | 3,503.51 | 3,205.61 |
| Profit | 775.44 | 300.93 | 330.77 |
| Total Borrowings | 5,527.45 | 2,083.08 | 1,776.04 |
#8. Sadhav Shipping Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 7.50 | 2.91 | 3.20 |
| RoNW (%) | 18.94 | 8.59 | 10.32 |
| NAV (Rs.) | 39.62 | – | – |
#9. Sadhav Shipping Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in ………) |
RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
#10. Sadhav Shipping Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Kamal Kanti Biswanath Choudhury |
| 02. | Sadhana Choudhury |
| 03. | Vedant Kamal Kant Choudhury |
#11. Sadhav Shipping Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 96.44 |
| Post-issue | 69.44 |
#12. Sadhav Shipping IPO Reservation Details
Sadhav Shipping IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
#13. Sadhav Shipping IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 114,000 |
| Retail (Max.) | 1 | 1200 | 114,000 |
| HNI (Min.) | 2 | 2,400 | 228,000 |
#14. Sadhav Shipping IPO – Prospectus Copy
An investor can download/view the Sadhav Shipping prospectus copy, which the company filed to exchange, details are as follows.
| Sadhav Shipping IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Sadhav Shipping IPO Registrar
Maashitla Securities Pvt. Limited
Phone No.: +91-11-45121795-96
E-Mail: contact@maashitla.com
Website: www.maashitla.com
#16. Sadhav Shipping IPO Lead Manager
ISK Advisors Private Limited
Phone No.: +91-22-26431002
E-Mail: ncmpl@ncmpl.com
Website: www.ncmpl.com
#17. Sadhav Shipping IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Sadhav Shipping IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Sadhav Shipping Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Sadhav Shipping Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Sadhav Shipping Company Details
Sadhav Shipping Limited
Registered Office: 521 5th Floor, Loha Bhavan, P.D’mello Road, Masjid (East), Mumbai Mh 400009 India
Phone No: +91-22-40003355
Email: cs@sadhav.com
Website: www.sadhavshipping.com
Investor Grievances/Compliance Officer: Madhuri Shrigopal Rathi
#19. Sadhav Shipping Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Sadhav Shipping Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Kamal Kant Choudhury |
| 02. | Sadhana Choudhury |
Sadhav Shipping IPO – Frequently Asked Questions (FAQs)
|
#1. What is a Sadhav Shipping IPO? Sadhav Shipping brings its IPO of Rs.38.18 Crore, on February 23, 2024, with a price band of Rs.95 per share. |
|
#2. What is the Sadhav Shipping IPO Open date? Sadhav Shipping IPO’s opening date is February 23, 2024. |
|
#3. What is the Sadhav Shipping IPO Close Date? Sadhav Shipping IPO’s closing date is February 27, 2024. |
|
#4. What is the Sadhav Shipping IPO Listing date? Sadhav Shipping’s IPO listing date is March 01, 2024. |
|
#5. What is the Sadhav Shipping IPO Minimum investment amount? Sadhav Shipping IPO’s minimum investment amount is Rs. 114,000. |
|
#6. What is the Sadhav Shipping IPO offer issue Size? Sadhav Shipping offers an issue size of Rs.38.18 Crore. |
|
#7. What is the Sadhav Shipping IPO Price Band? Sadhav Shipping’s IPO price band is Rs.95 per share. |
|
#8. Is Sadhav Shipping IPO mainboard IPO or SME IPO? Sadhav Shipping IPO is an SME IPO. |
Thanks for sharing excellent informations. Your site is so cool. I am impressed by the details that you’ve on this blog. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my pal, ROCK! I found just the information I already searched all over the place and simply could not come across. What a great site.
I think other web-site proprietors should take this website as an model, very clean and magnificent user friendly style and design, as well as the content. You’re an expert in this topic!
you’re in reality a good webmaster. The website loading speed is incredible. It sort of feels that you are doing any distinctive trick. Moreover, The contents are masterwork. you have done a excellent task on this topic!
Someone essentially help to make seriously articles I would state. This is the first time I frequented your website page and thus far? I surprised with the research you made to create this particular publish incredible. Great job!
F*ckin’ awesome issues here. I am very glad to see your post. Thanks a lot and i’m having a look forward to touch you. Will you please drop me a mail?