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 | 1,200 Shares |
| Total Issue Size | 40,18,800 shares (aggregating up to ₹ 38.18 Cr) |
| Fresh Issue | 40,18,800 shares (aggregating up to ₹ 38.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,03,33,818 |
| Share holding post issue | 1,43,52,618 |
| Market Maker portion | 2,02,800 shares Sunflower Broking |
About 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.
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.
Sadhav Shipping Limited IPO Financial Information
Latest Revenue
3,385.69
₹ Crore
Profit After Tax
406.97
₹ Crore
Net Worth
4,501.44
₹ Crore
Total Borrowing
6,681.84
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
Sadhav Shipping Limited 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 |
Frequently Asked Questions
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Competitive Strengths
Sadhav Shipping Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2,400 | ₹228,000 |