Sadhav Shipping Limited IPO (Sadhav Shipping IPO)

Sadhav Shipping Limited IPO
Upcoming Sadhav Shipping IPO | New Sadhav Shipping IPO

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

Sadhav Shipping IPO – Details

IPO Opening Date23 February 2024
IPO Closing Date27 February 2024
Issue TypeFixed Price Issue IPO
Issue Size40,18,800 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 Lot1200 Shares
Min Order1200 Shares (1 Lot)
Listing AtNSE SME
RegisterMaashitla Securities Private Limited
NII (HNI) Shares Offered50%
Retail Shares Offered50%

Sadhav Shipping IPO – Date Schedule

IPO Open Date23 February 2024
IPO Close Date27 February 2024
Basis of Allotment28 February 2024
Initiation of Refund29 February 2024
Credit of Shares to Demat Account29 February 2024
IPO Listing Date01 March 2024
Cut-off time for UPI mandate confirmation5 PM on 27 February 2024

Sadhav Shipping IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11200₹1,14,000
Retail (Maximum)11200₹1,14,000
HNI (Minimum)22400₹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.
Sadhav Shipping IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202161.2356.663.3017.76
31 March 202269.7765.543.0020.83
31 March 202378.9069.017.7555.27
30 September 202333.8528.414.0666.81
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)7.55.67
P/E (x)12.6616.75

Sadhav Shipping IPO Promoter Holding

Pre Issue Share Holding96.44%
Post Issue Share Holding69.44%

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

Sadhav Shipping IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

Sadhav Shipping IPO Lead Manager(s)

1. ISK Advisors Pvt Ltd

Sadhav Shipping IPO FAQs

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.
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