Sadhav Shipping is scheduled to hit the market on February 23, 2024 and close on February 27, 2024. Sadhav Shipping plans to raise around ₹38.18 Cr through an IPO with a sale of up to 4,018,800 equity shares of ₹10 each. The Retail offered 50% and Others Offered 50%
Established in 1996, Sadhav Shipping Limited is a maritime company that owns and operates marine assets to provide port and coastal logistics services, as well as other maritime-related services. Formerly known as Homa Offshore & Shipping Company Private Limited, the company's fleet includes barges used for transporting goods along coastal and inland waterways, Port crafts management, and provision of high-speed security boats for patrol services.
Sadhav Shipping is organized into three key business divisions: Offshore Logistics, dedicated to the exploration and production of oil and gas in offshore fields; Port Services, offering high-speed patrol boats for port activities; and Oil Spill Response, providing Tier 1 oil spill response equipment for ports. With a fleet of 24 ships, comprising 19 owned and 5 leased vessels, the company plays a significant role in various sectors of India's maritime trade industry. As of March 31, 2023, Sadhav Shipping employed a total of 421 individuals to support its operations and services.
Sadhav Shipping IPO Details
Sadhav Shipping IPO opens on Feb 23, 2024, and closes on Feb 27, 2024. The Listing date for Sadhav Shipping IPO is on Mar 1, 2024. The price band for IPO is ₹95 per share and lot size of 1200 Shares.
| IPO Date | Feb 23, 2024 to Feb 27, 2024 |
| Listing Date | Mar 1, 2024 |
| Price | ₹95 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹38.18 Cr |
| Face Value | ₹10 per share |
Sadhav Shipping IPO Tentative Timetable
Sadhav Shipping opening date is February 23, 2024 and close date is February 27, 2024. The IPO allotment date is February 28, 2024. The refund initiation of IPO is on February 29, 2024. The credit of shares in demat account is on February 29, 2024. The listing date is on March 01, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 23, 2024 |
| IPO Closing | Feb 27, 2024 |
| IPO Allotment Date | Feb 28, 2024 |
| Refund Initiation | Feb 29, 2024 |
| Shares Credit to Demat | Feb 29, 2024 |
| Lisiting Date | Mar 01, 2024 |
Sadhav Shipping IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹114,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹114,000 |
| Retail(Maximum) | 1 | 1200 | ₹114,000 |
| HNI (Minimum) | 2 | 2400 | ₹228,000 |
Sadhav Shipping IPO Promoter Holding
| Pre Issue Share Holding | 96.44% |
| Post Issue Share Holding | 69.44% |
Sadhav Shipping IPO Review
The Sadhav Shipping IPO managed by ISK Advisors Pvt. Ltd. presents an opportunity for investors to delve into the marine assets and port services sector. The company has showcased consistent growth in its financial performance, except for a minor dip in profits during FY22 attributed to the pandemic's impact. With a fully diluted paid-up capital post-IPO and annualized FY24 earnings, the company's P/E ratio of 16.76 indicates a reasonably priced offering. Investors eyeing long-term rewards may find Sadhav Shipping IPO appealing given the company's strong track record and future growth potential in the trade activities segment.
Furthermore, the company's dividend policy, although not disclosed yet, is expected to be cautious and aligned with its financial standing and future prospects. ISK Advisors' impressive track record, with all previous mandates opening at premiums ranging from 1.08% to 47.23%, adds credibility to Sadhav Shipping IPO. The market positioning of the company, coupled with its diverse range of services under one roof, positions it well for future success amidst the increasing trade activities. While Sadhav Shipping IPO appears fully priced based on its FY24 annualized earnings, investors should conduct thorough due diligence to assess the company's ability to capitalize on emerging opportunities in the industry.
In conclusion, potential investors should carefully weigh the company's growth trajectory, financial indicators, and industry comparisons before considering participation in Sadhav Shipping IPO. Despite the fully priced nature of the offering, SSL's consistent revenue and profit growth over the years, along with its strategic positioning in the market, make it a compelling investment option for those looking to capitalize on medium to long-term returns. With a focus on marine assets and port-related services, Sadhav Shipping presents an opportunity for investors seeking exposure to this sector and willing to ride the wave of potential growth in the coming years.
Sadhav Shipping IPO Subscription Status (Bidding Details)
Table not foundSadhav Shipping IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Sadhav Shipping IPO FAQs
What is Sadhav Shipping IPO?
Sadhav Shipping is issuing 4,018,800 equity shares with a face value of ₹10 each, totaling up to ₹38.18 Cr. The shares are being offered at a price of ₹95 each, with a minimum order quantity of 1200 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Sadhav Shipping IPO will open?
Sadhav Shipping will open on February 23, 2024 for QIB, NII, and Retail Investors.
When Sadhav Shipping IPO will end?
Sadhav Shipping will end on February 27, 2024.
What is Sadhav Shipping IPO Size?
Sadhav Shipping IPO size is ₹38.18 Cr.
What is Sadhav Shipping IPO Price Band?
Sadhav Shipping price band is ₹95 per share.
What is the Sadhav Shipping IPO Allotment Date?
Sadhav Shipping allotment date is February 28, 2024.
What is the Sadhav Shipping IPO Listing Date?
Sadhav Shipping listing date is March 01, 2024. The IPO is to be listed on BSE and NSE.
How to Sadhav Shipping IPO through Zerodha?
To apply for the IPO “Sadhav Shipping” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Sadhav Shipping IPO through Upstox?
To apply for the IPO “Sadhav Shipping” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Sadhav Shipping IPO Allotment Status?
For Sadhav Shipping IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Sadhav Shipping IPO GMP?
You can check out here: Sadhav Shipping IPO GMP