Sadhav Shipping Limited IPO

Price
₹95
Lot
1200
Subs.
135.69
Expected Listing Earning

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

Open Date: 23-Feb-2024
Close Date: 27-Feb-2024
Allotment Date: 28-Feb-2024
Listing Date: 01-Mar-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹95 Per Equity Share
Issue Size: Total Issue Size 4,018,800 shares (aggregating up to ₹38.18 Cr) : Fresh Issue 4,018,800 shares (aggregating up to ₹38.18 Cr)
Market Lot (Min Amount): Retail - ₹114,000 : HNI - ₹228,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved1,908,0001,908,0003,816,000
Day 1 - 23-02-24 
05:00 PM
1.08x2.06x1.57x
Day 2 - 26-02-24 
05:00 PM
5.55x13.17x9.39x
Day 3 - 27-02-24 
05:00 PM
184.58x65.52x135.69x
Total No. of Application:104,173 (Approx.)
Retail Subscription on the basis of Apps:65.52x
Valuations

Earning Per Share(EPS)7.5/-
P/E Ratio12.66
RoNW18.94%
Net Asset Value (NAV) - Post Issue:39.62/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,202313,113.493,385.69406.97
31 Mar,202311,628.717,890.59775.44
31 Mar,20226,909.446,977.94300.93
31 Mar,20216,117.646,123.67330.77
Promoter(s)

Pre Issue Share Holding96.44%
Post Issue Share Holding69.44%
Company Promoter(s)
1. Mr. Kamal Kant Biswanath Choudhury
2. Mrs Sadhana Choudhury
3. Mr. Vedant Kamal Kant Choudhury
4. Mr. Subhas Chandra Choudhury
Issue Objective(s)

The Objects of the Net Issue is to raise funds for:

  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, and
  4. General Corporate Purpose.
About Company

Incorporated in 1996, Sadhav Shipping Limited owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services. The company was previously known as Homa Offshore & Shipping Company Private Limited.

The company has barges that are used in coastal and inland waterway shipping for the transportation or lightering of goods. The company operates and manages Port crafts and also offers high-speed security boats for patrol services.

Sadhav Shipping has three business divisions:

  • Offshore Logistics: Exploration and production of oil and gas in offshore fields
  • Port Services: High-speed patrol boats for ports
  • Oil spill response: Tier 1 oil spill response equipment for ports

The company has 24 ships, of which 19 are owned and 5 are leased, which are deployed in various sectors of maritime trade in India.

As of March 31, 2023, the company had 421 employees.

Disclaimer

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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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