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Sadhav Shipping IPO

Sadhav Shipping IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024

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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: 

  1. Repayment/Prepayment in part or full of certain outstanding borrowings availed by our company.
  2. Part funding of capital expenditure to purchase/acquire additional boats/vessels.
  3. Additional working capital requirement.
  4. General corporate purpose.

#3. Sadhav Shipping Core Strengths 

  1. Experienced promoters and management team.
  2. Quality-backed assets to service our client requirements.
  3. Strong client base.
  4. 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.

 

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