Sadhav Shipping IPO Details, GMP, Date, Price, Allotment 2024

Sadhav Shipping IPO is coming up with its Initial public offering. The IPO will be open for subscription on February 23, 2024. Check gmp, date, price and more

Sadhav Shipping IPO Details

 

IPO Dates 23 – 27 Feb 2024
Issue Price INR 95 per share
Fresh issue 4,018,800 shares (INR 38.18 crore)
Offer For Sale NIL
Total IPO size 4,018,800 shares (INR 38.18 crore)
Minimum bid (lot size) 1,200 shares (INR 114,000)
Face Value  INR 10 per share
Retail Allocation 50%
Listing On NSE SME

 

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Sadhav Shipping IPO – Date Schedule

 

IPO Opening Date 23 February 2024
IPO Closing Date 27 February 2024
Finalization of Basis of Allotment 28 February 2024
Refunds Initiation 29 February 2024
Transfer of shares to demat accounts 29 February 2024
Listing Date of IPO 1 March 2024

 

 

Sadhav Shipping IPO – About Company 

 

Established in 1996, Sadhav Shipping (SSL) specializes in the ownership and operation of marine assets tailored to support port operations, coastal logistics, and diverse maritime services. By February 2024, SSL boasts a fleet of 24 vessels, comprising 19 owned and 5 leased vessels, serving various segments of India’s maritime trade landscape. As of March 31, 2023, the company had a workforce of 421 employees.

SSL’s operations are organized into three key divisions:

  1. Offshore Logistics: Engaged in the exploration and extraction of oil and gas from offshore fields.
  2. Port Services: Provides high-speed patrol boats to enhance port security.
  3. Oil Spill Response: Operates a Tier 1 oil spill response facility to safeguard ports against environmental disasters.

With a solid reputation, SSL has cultivated a loyal clientele, catering its services to prominent entities such as ONGC Ltd., Mumbai Port Authority, Pradip Port Authority, Bhabha Atomic Research Centre, Shipping Corporation of India, New Mangalore Port Authority, Deendayal Port Authority (Kandla/Vadinar), Jawaharlal Nehru Port Authority (JNPA), and others.

Sadhav Shipping IPO Details
Sadhav Shipping IPO Details

 

Sadhav Shipping IPO – Financial Performance

 

  FY 2022 FY 2023 H1 FY 2024
Revenue 69.55 77.81 33.69
Expenses 65.55 69.01 28.42
Net income 3.01 7.75 4.07

Figures in INR Crores

 

Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 3.20 2.91 7.50
PE ratio 12.67
RONW (%) 10.32 8.59 18.94
NAV 31.02 33.90 39.62
ROCE (%) 12.63 10.93 13.25
EBITDA (%) 18.75 17.25 21.47

 

 

Sadhav Shipping IPO – Competitive Strengths

 

  • Experienced Promoters and Management Team.
  • Quality backed assets to service to our client requirement.
  • Strong Client Base.
  • Business Growth opportunities.

 

Object Of The Issue

 

  • Repayment / Prepayment, in part or full of certain outstanding borrowings availed by our Company.
  • Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels.
  • Additional Working Capital Requirement.
  • General corporate purpose.

 

Sadhav Shipping IPO GMP Today

 

Date Day-wise IPO GMP Kostak Subject to Sauda
24 February 2024 7 5,000

 

Sadhav Shipping IPO – Allotment Status

 

Sadhav Shipping IPO allotment status will be available on the Maashitla Securities website. Click on this link to get allotment status.

 

Sadhav Shipping IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1200 1,14,000
Retail (Max) 1 1200 1,14,000
HNI (Min) 2 2400 2,28,000

 

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

 

 

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