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Sadhav Shipping Limited IPO
Sadhav Shipping Ltd. (SSL) provides marine assets to service ports, coastal logistics and other port maritime-related services. Today SSL owns and operates 24 vessels including 19 owned vessels and 5 rented vessels, in various sectors of maritime trade in India. The company has developed a strong customer base in the sectors and is providing its services to leading companies which include ONGC Ltd., Mumbai Port Authority, Paradip Port Authority, Bhabha Atomic Research Centre, Shipping Corporation of India, New Mangalore Port Authority, Deendayal Port Authority (Kandla/Vadinar), Jawaharlal Nehru Port Authority (JNPA), BPCL, Gujarat Police, JSW Ports and more. Sadhav Shipping IPO is a fixed price issue of Rs 38.18 crores.
The issue is entirely a fresh issue of 40.19 lakh shares. Sadhav Shipping IPO price is ₹95 per share. The minimum lot size for an application is 1200 Shares. Isk Advisors Pvt Ltd is the book-running lead manager of the Sadhav Shipping IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Sadhav Shipping IPO is Sunflower Broking.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sadhav Shipping Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sadhav Shipping Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 23, 2024 to February 27, 2024 |
| Listing Date | March 1, 2024 |
| Face Value | ₹10 per share |
| Price | ₹95 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,018,800 shares (aggregating up to ₹38.18 Cr) |
| Fresh Issue | 4,018,800 shares (aggregating up to ₹38.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,333,818 |
| Share holding post issue | 14,352,618 |
| Market Maker portion | 202,800 shares Sunflower Broking |
Sadhav Shipping Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, February 23, 2024 |
| IPO Close Date | Tuesday, February 27, 2024 |
| Basis of Allotment | Wednesday, February 28, 2024 |
| Initiation of Refunds | Thursday, February 29, 2024 |
| Credit of Shares to Demat | Thursday, February 29, 2024 |
| Listing Date | Friday, March 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 27, 2024 |
Sadhav Shipping Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2,400 | ₹228,000 |
Sadhav Shipping Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 96.44% |
| Share Holding Post Issue | 69.44% |
Competitive Strength:
- -
Sadhav Shipping Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 13,113.49 | 3,385.69 | 406.97 | 4,501.44 | 6,681.84 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 11,628.71 | 7,890.59 | 775.44 | 4,094.46 | 5,527.45 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 6,909.44 | 6,977.94 | 300.93 | 3,503.51 | 2,083.08 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 6,117.64 | 6,123.67 | 330.77 | 3,205.61 | 1,776.04 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Sadhav Shipping IPO
The objectives of the issue are as follows:
- 1. Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company.
- 2. Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels.
- 3. Additional Working Capital Requirement.
- 4. General Corporate Purpose.
Sadhav Shipping IPO Review
The company is engaged in operating marine assets including logistics and other port-related services. It marked growth in its top and bottom lines except for FY22 where it marked lower profits in line with the general trends for the segment on account of the Pandemic. SSL is providing many services under one roof and is poised for bright prospects ahead considering the rise in trade activities. The issue appears fully priced based on its FY24 annualized earnings. However, Investors may lap it up for medium to long-term rewards.
RHP:
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Frequently asked Questions (FAQs )
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What Is The Size Of The Sadhav Shipping IPO?
Sadhav Shipping IPO consists of a fresh issue of 40,18, 800 shares worth INR 38.18 crores. The company seeks funds for loan repayment, vessel purchase, working capital, and corporate expenses.
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What Is The Price Band Of Sadhav Shipping IPO?
The price band of the company is INR 95 per share.
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When will Sadhav Shipping Limited's IPO be allotted?
The Sadhav Shipping Limited’s shares will be allotted on February 29, 2024.
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When will Sadhav Shipping Limited's IPO open for subscription?
The IPO subscription window for Sadhav Shipping Limited will open on February 23, 2024.
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