Sadhav Shipping Limited 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.
The company has barges that are used in coastal and inland waterway shipping for the transportation or lightering of goods. The company operates and manages Port crafts and also offers high-speed security boats for patrol services.
Sadhav Shipping has three business divisions:
- Offshore Logistics: Exploration and production of oil and gas in offshore fields
- Port Services: High-speed patrol boats for ports
- Oil spill response: Tier 1 oil spill response equipment for ports
The company has 24 ships, of which 19 are owned and 5 are leased, which are deployed in various sectors of maritime trade in India. As of March 31, 2023, the company had 421 employees.
Sadhav Shipping IPO – Details
| IPO Opening Date | 23 February 2024 |
| IPO Closing Date | 27 February 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 40,18,800 Shares Worth ₹38.18 Crore Fresh Issue: 40,18,800 Shares Worth ₹38.18 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sadhav Shipping IPO – Date Schedule
| IPO Open Date | 23 February 2024 |
| IPO Close Date | 27 February 2024 |
| Basis of Allotment | 28 February 2024 |
| Initiation of Refund | 29 February 2024 |
| Credit of Shares to Demat Account | 29 February 2024 |
| IPO Listing Date | 01 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 27 February 2024 |
Sadhav Shipping IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,14,000 |
| Retail (Maximum) | 1 | 1200 | ₹1,14,000 |
| HNI (Minimum) | 2 | 2400 | ₹2,28,000 |
Competitive Strengths
- Company is in ship operation business since last 27 years.
- Experienced Promoters and Management Team.
- Quality backed assets to service to their client requirement.
- Strong Client Base.
- Business Growth opportunities.
Company Promoters
- Mr. Kamal Kant Biswanath Choudhury
- Mrs Sadhana Choudhury
- Mr. Vedant Kamal Kant Choudhury
- Mr. Subhas Chandra Choudhury
Object Of The Issue
- Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company,
- Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels,
- Additional Working Capital Requirement, and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 61.23 | 56.66 | 3.30 | 17.76 |
| 31 March 2022 | 69.77 | 65.54 | 3.00 | 20.83 |
| 31 March 2023 | 78.90 | 69.01 | 7.75 | 55.27 |
| 30 September 2023 | 33.85 | 28.41 | 4.06 | 66.81 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.41% |
| ROCE | 14.36% |
| RoNW | 18.94% |
| P/BV | 2.4 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 7.5 | 5.67 |
| P/E (x) | 12.66 | 16.75 |
Sadhav Shipping IPO Promoter Holding
| Pre Issue Share Holding | 96.44% |
| Post Issue Share Holding | 69.44% |
Sadhav Shipping IPO Prospectus
Company Contact Information
| Sadhav Shipping Limited 521 5th Floor, Loha Bhavan, P.Dʹmello Road, Masjid (East), Mumbai – 400009 Phone: +91 ‐22‐40003355 Email: cs@sadhav.com Website: http://www.sadhavshipping.com/ |
Sadhav Shipping IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: contact@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Sadhav Shipping IPO Lead Manager(s)
| 1. ISK Advisors Pvt Ltd |
Sadhav Shipping IPO FAQs
| What is Sadhav Shipping IPO? Sadhav Shipping IPO is a SME IPO. The issue is priced at ₹95 per equity share. The IPO is to be listed on NSE SME. |
| When Sadhav Shipping IPO will open? The IPO is to open on 23 February 2024 for NII – 50% and Retail – 50% Investors. |
| How to Sadhav Shipping IPO? You can apply Sadhav Shipping IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sadhav Shipping IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sadhav Shipping”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sadhav Shipping IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sadhav Shipping”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sadhav Shipping IPO Size? Sadhav Shipping IPO size is ₹38.18 crores. |
| What is Sadhav Shipping IPO Price Band? Sadhav Shipping IPO Price Band is ₹95. |
| What is Sadhav Shipping IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 1200 Shares with ₹1,14,000 amount while the maximum bid is 1200 shares with ₹1,14,000. |
| What is the Sadhav Shipping IPO Allotment Date? Sadhav Shipping IPO allotment date is 28 February 2024. |
