Sahara Maritime IPO Review

 
Sahara Maritime IPO Review

IPO Open Date: December 18, 2023

IPO Close Date: December 20, 2023

IPO Price: ₹81 per share

Lot Size: 1600 Shares

Listing: December 26, 2023

Sahara Maritime is scheduled to hit the market on December 18, 2023 and close on December 20, 2023. Sahara Maritime plans to raise around ₹6.88 Cr through an IPO with a sale of up to 849,600 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.

Established in 2009, Sahara Maritime Limited operates as a non-governmental organization, specializing in delivering comprehensive maritime solutions encompassing transportation, storage, and communication services. The company provides a diverse array of freight services, with a focus on transportation management.

Collaborating with multiple intermediaries, Sahara Maritime extends its service offerings to include multimodal transportation, project cargo handling, third-party logistics, as well as packing, loading, and unloading of items, ensuring a holistic approach to meet the maritime needs of its clients.

Sahara Maritime


Sahara Maritime IPO Details

Sahara Maritime IPO opens on Dec 18 , 2023, and closes on Dec 20 , 2023. The Listing date for Sahara Maritime IPO is on Dec 26, 2023. The price band for IPO is ₹81 per share and lot size of 1600 Shares.

IPO DateDec 18 , 2023 to Dec 20, 2023
Listing DateDec 26, 2023
Price₹81 per share
Lot Size1600 Shares
Issue Size₹6.88 Cr
Face Value₹10 per share

Sahara Maritime IPO Tentative Timetable

Sahara Maritime opening date is December 18, 2023 and close date is December 20, 2023. The IPO allotment date is December 21, 2023. The refund initiation of IPO is on December 22, 2023. The credit of shares in demat account is on December 22, 2023. The listing date is on December 26 , 2023.

EventDate
IPO OpeningDec 18, 2023
IPO ClosingDec 20, 2023
IPO Allotment DateDec 21, 2023
Refund InitiationDec 22, 2023
Shares Credit to DematDec 22, 2023
Lisiting DateDec 26, 2023

Sahara Maritime IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lot (1600 shares or ₹129,600).

CategoryLotsSharesAmount
Retail(Minimum)11600₹129,600
Retail(Maximum)11600₹129,600
HNI (Minimum)23200₹259,200

Sahara Maritime IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding72.32%

Sahara Maritime IPO Review

An asset-light model is a strategic highlight, emphasizing the company's focus on reducing operational risks and costs associated with fuel, maintenance, depreciation, and capital expenditure. Understanding the operational efficiency and flexibility provided by this model would be crucial for potential investors.

The financial performance of Sahara Maritime Limited reveals a commendable 24.07% increase in revenue and a substantial 130.64% rise in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022. A thorough IPO review should delve into the factors driving this growth, including market dynamics, competitive positioning, and the company's strategies for sustaining and enhancing profitability.

Key financial indicators, such as a Price-to-Earnings (P/E) ratio of 15.03, Return on Equity (ROE) at 26.72%, Return on Capital Employed (ROCE) of 32.77%, Debt/Equity ratio of 0.33, Earnings Per Share (EPS) of ₹5.44, and Return on Net Worth (RoNW) at 22.76%, provide valuable benchmarks for evaluating the company's financial health and performance.

Sahara Maritime IPO Subscription Status (Bidding Details)

No IPO ID provided. Check if the "ipo-subscription" field is set for this post.

Sahara Maritime 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

Sahara Maritime IPO FAQs

What is Sahara Maritime IPO?

Sahara Maritime is issuing 849,600 equity shares with a face value of ₹10 each, totaling up to ₹6.88 Cr. The shares are being offered at a price of ₹81 each, with a minimum order quantity of 1600 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Sahara Maritime IPO will open?

Sahara Maritime will open on December 18 , 2023 for QIB, NII, and Retail Investors.

When Sahara Maritime IPO will end?

Sahara Maritime will end on December 20, 2023.

What is Sahara Maritime IPO Size?

Sahara Maritime IPO size is ₹6.88 Cr.

What is Sahara Maritime IPO Price Band?

Sahara Maritime price band is ₹81 per share.

What is the Sahara Maritime IPO Allotment Date?

Sahara Maritime allotment date is December 21, 2023.

What is the Sahara Maritime IPO Listing Date?

Sahara Maritime listing date is December 26, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Sahara Maritime IPO through Zerodha?

To apply for the IPO “Sahara Maritime” 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 Sahara Maritime IPO through Upstox?

To apply for the IPO “Sahara Maritime” 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 Sahara Maritime IPO Allotment Status?

For Sahara Maritime IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Sahara Maritime IPO GMP?

You can check out here: Sahara Maritime IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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