Sahara Maritime Limited IPO

Price
₹81
Lot
1600
Subs.
22.67
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 18-Dec-2023
Close Date: 20-Dec-2023
Allotment Date: 21-Dec-2023
Listing Date: 26-Dec-2023
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹81 Per Equity Share
Issue Size: Total Issue Size 849,600 shares (aggregating up to ₹6.88 Cr) : Fresh Issue 849,600 shares (aggregating up to ₹6.88 Cr)
Market Lot (Min Amount): Retail - ₹129,600 : HNI - ₹259,200
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved403,200403,200806,400
Day 1 - 18-12-23 
05:00 PM
0.84x2.99x1.91x
Day 2 - 19-12-23 
05:00 PM
1.48x11.05x6.27x
Day 3 - 20-12-23 
05:00 PM
8.98x36.35x22.67x
Total No. of Application:12,858 (Approx.)
Retail Subscription on the basis of Apps:51.02x
Valuations

Earning Per Share(EPS)5.44/-
P/E Ratio15.03
RoNW22.76%
Net Asset Value (NAV) - Post Issue:23.84/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,2023880.95531.991.04
31 Mar,2023964.522,611.12120.74
31 Mar,2022733.572,104.5252.35
31 Mar,2021535.741,021.6464.78
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding72.32%
Company Promoter(s)
1. Mr. Sohrab Rustom Sayed
2. Mr. Nadeem Aboobakar Hira
Issue Objective(s)

The Net Proceeds are proposed to be utilised in the following manner

  1. Funding of capital expenditure requirements of the Company towards purchase of: (i) commercial vehicles; and (ii) Office Equipment's
  2. Working capital requirements
  3. General Corporate Purposes
About Company

Incorporated in 2009, Sahara Maritime Limited is a non-governmental organization that provides transportation, storage and communication services for maritime needs. The company offers a range of freight services to its clients, which includes transportation management. The company has partnered with various intermediaries to provide additional services such as multimodal transportation, project cargo handling, third party logistics, packing, loading and unloading of items. Sahara Maritime's services include the following

Freight Forwarding: The company offers sea freight forwarding services, including booking space for export shipments and organizing all shipping requirements for customers.

Warehousing: As part of its services, the company has leased a warehouse facility to facilitate warehousing and reduce administration time.

Multimodal transportation: The multimodal transportation services offered by the company are a reliable and efficient way of combining different modes of transport, such as sea and land transport, into one overall process. This ensures that goods are transported cost-efficiently from door to door - all under one roof.

Allied logistics services: The company offers a range of services, including handling heavy transportation equipment, chartering shipments, door-to-door deliveries, freight handling and packaging. The door-to-door delivery service facilitates logistics management, while the freight service caters to the special transportation requirements of goods.

The company works on asset light model that reduces the risk of operation cost such as fuel costs, maintenance costs and depreciation and capital expenditure.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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