Sadhav Shipping Ltd

Shipping

Offer Period :

23rd to 2nd Feb 2024

Since 1996, Sadhav Shipping Limited, formerly Homa Offshore & Shipping, provides marine services for ports and coastal logistics. Specializing in transportation with barges and high-speed security boats, it operates in three divisions: Offshore Logistics, Port Services, Read more... and Oil Spill Response. With 24 ships, 19 owned and 5 leased, and 421 employees, the company is a key player in India's maritime trade.Read less

Sadhav Shipping Ltd IPO Details

IPO Date 23rd to 2nd Feb 2024 Minimum Investment ₹114000 / 1 Lots
Listing Date 2024-03-01 Maximum Investment ₹114000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹38.18 Crores
Price ₹95 to ₹95 per share Fresh Issue ₹38.18 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 23rd to 2nd Feb 2024
Listing Date 2024-03-01
Face Value ₹10 per share
Price ₹95 to ₹95 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹114000 / 1 Lots
Maximum Investment ₹114000 / 1 Lots
Total Issue Size ₹38.18 Crores
Fresh Issue ₹38.18 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

23rd Feb

IPO Starts

27th Feb

IPO Ends

28th Feb

Allotment Date

29th Feb

Initiation of Refund

29th Feb

Credit of Shares to Demat Account

1st Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 93.9 67.61
Public Group 6.1 32.39

Sadhav Shipping Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1908000(47.48%)
Retail Shares Offered 1908000(47.48%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 4018800
Total Shares With Anchor Investor 4018800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Sadhav Shipping Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number +91-11-45121795-96
Email Id contact@maashitla.com
Our Website www.maashitla.com

Sadhav Shipping Ltd IPO Lead Manager

1. ISK Advisors Pvt Ltd

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Sadhav Shipping Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Sadhav Shipping Ltd

1. Company is in ship operation business since last 27 years.

2. Experienced Promoters and Management Team.

3. Quality backed assets to service to its client requirement.

4. Strong Client Base.

5. Business Growth opportunities.

Risks Involved

1. There are outstanding legal proceedings involving the Company which may adversely affect its business, financial condition and results of operations.

2. Breakdown, Mishaps or accidents could result in a loss or slowdown in operations and could also cause damage to life and property.

3. The company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income tax and other applicable laws in the last Three years and in stub period.

4. The Company may incur penalties or liabilities for non-compliances with certain provisions of the Companies Act and other applicable laws in the last three Years.

5. The deployment of the Net Proceeds from the Issue is based on management estimates and have not been independently appraised by any bank or financial institution and is not subject to any monitoring by any independent agency and the Company's management will have flexibility in utilizing the Net Proceeds from the Issue.

6. Its revenue and profits are largely dependent on chartering/ hire of barges/vessels.

7. There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its Management and its Board of Directors, though it shall be monitored by its Audit Committee.

8. The Company operates under several statutory and regulatory permits, licenses, registrations, and approvals. Its failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.

9. The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on its business and the results of operations.

10. Its lenders have charge over its movable and immovable properties in respect of finance availed by it.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Sadhav Shipping Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-01 92472 SADHAV
INE0K5H01010
₹95 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹95 ₹95
Open ₹0 ₹135
Low ₹0 ₹135
High ₹0 ₹141.75
Low ₹0 ₹135

Frequently Asked Questions

What is Sadhav Shipping Ltd IPO?

Answer Field

Sadhav Shipping Ltd IPO is a SME IPO of 40,18,800 equity shares of a face value of ₹10 aggregating up to ₹38.18 Crores. The issue is priced at ₹95 to ₹95 per share. The minimum order quantity is 1200 Shares. The IPO opens on February 23, 2024, and closes on February 27, 2024. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Sadhav Shipping Ltd IPO will open?

Answer Field

The Sadhav Shipping Ltd IPO opens on February 23, 2024 and closes on February 27, 2024.

What is the lot size of Sadhav Shipping Ltd?

Answer Field

Sadhav Shipping Ltd lot size is 1200 shares, and the minimum amount required is ₹1,14,000.

How to apply for Sadhav Shipping Ltd IPO?

Answer Field

You can apply in Sadhav Shipping Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Sadhav Shipping Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Sadhav Shipping Ltd IPO will be done on February 28, 2024, and the allotted shares will be credited to your demat account by February 29, 2024.

When is Sadhav Shipping Ltd IPO listing date?

Answer Field

The Sadhav Shipping Ltd listing date is March 01, 2024.

Who is the registrar of Sadhav Shipping Ltd IPO?

Answer Field

The registrar of Sadhav Shipping Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ISK Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Sadhav Shipping Ltd IPO?

Answer Field

The fresh issue size is ₹38.18 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Sadhav Shipping Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,14,000 amount.

How can I approve the UPI mandate request for Sadhav Shipping Ltd IPO?

Answer Field

To apply for Sadhav Shipping Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Sadhav Shipping Ltd?

Answer Field

The price of each Sadhav Shipping Ltd share will be ranging in between ₹95 to ₹95 per share.

What is the cut-off time for the UPI mandate for Sadhav Shipping Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 27, 2024.

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