OUR BUSINESS
Sadhav Shipping was originally formed and registered as a Private Limited under the Companies Act, 1956 (“Companies Act”) in the name and style of “Homa Offshore & Shipping Company Private Limited”, under a Certificate of Incorporation dated August 16, 1996, issued by Registrar of Companies, Mumbai, Maharashtra.
Later on, Sadhav Shipping changed its name from “Homa Offshore & Shipping Company Private Limited” to “Sadhav Shipping Company Private Limited” and a Certificate of Incorporation was issued on March 31, 1999, by the Registrar of Companies, Mumbai, Maharashtra.
Sadhav Shipping was converted into a Public Limited Company under a shareholders resolution passed at the Extra‐ordinary General Meeting of our Company held on March 11, 2006, and the name of our Company was changed to “Sadhav Shipping Company Limited”.
A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated March 21, 2006. Later on, the name of our Company was changed from “Sadhav Shipping Company Limited” to “Sadhav Shipping Limited” and a fresh certificate of incorporation was issued by the Registrar of Companies, Mumbai, Maharashtra dated March 28, 2006.
- Towing of Offshore assets.
- Supply of Drilling materials including casing pipes, cement, baryte, drill water, brine, etc.
- Participation in Search & Rescue Duties.
- Transportation of men & materials to offshore locations.
- Other duties as guided by the charterer and within the scope of work.
SADHAV SHIPPING LIMITED IPO DATE & PRICE BAND DETAILS
IPO Open Date February 23, 2024 IPO Close Date February 27, 2024 IPO Size Approx ₹38.18 Crores IPO Face Value ₹10 Per Equity Share IPO Price Band ₹95 Per Every Share IPO Listing On NSE SME IPO Retail Quota 50% IPO NII Quota 50%
SADHAV SHIPPING LIMITED IPO MARKET LOT DETAILS
Application Lot Size Shares Amount Retail Minimum 1 1200 ₹114,000 Retail Maximum 1 1200 ₹114,000 S-HNI Minimum 2 2400 ₹228,000
OBJECTS 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 LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)
IPO Open Date Feb 23, 2024 IPO Close Date Feb 27, 2024 Basis of Allotment Feb 28, 2024 Refunds Feb 29, 2024 Credit to Demat Account Feb 29, 2024 IPO Listing Date March 1, 2024
SADHAV SHIPPING LIMITED FINANCIAL REPORTS
₹ in Crores Year Revenue Expense PAT June 2023 ₹17.87 ₹15.02 ₹2.13 2023 ₹78.91 ₹69.01 ₹7.75 2022 ₹69.78 ₹65.55 ₹3.01 2021 ₹61.24 ₹56.66 ₹3.31
OUR PROMOTERS
- Mr. Kamalkant Choudhury
- Mrs. Sadhana Choudhury
- Mr. Vedant Choudhury
QUALITATIVE FACTOR
- The company has been in the ship operation business for the last 27 years.
- Experienced Promoters and Management Team.
- Quality-backed assets to service our client requirements.
- Strong Client Base.
- Business Growth opportunities.
BASIC & DILUTED EARNINGS PER EQUITY SHARE (“EPS”)
Financial Year Ended Basic EPS (in ₹) Diluted EPS (in ₹) Weight March 31, 2023 3 March 31, 2022 2 March 31, 2021 1 Weighted Average
SADHAV SHIPPING LIMITED COMPANY CONTACT DETAILS
Address: 521, 5th Floor,
Loha Bhavan, P.Dʹmello Road, Masjid (East),
Mumbai MH 400009 India
Tel No.: +91 ‐22‐40003355;
Email: cs@sadhav.com;
Website: www.sadhavshipping.com
SADHAV SHIPPING IPO REGISTAR
Maashitla Securities Private Limited
Raheja Platinum, Marol CHS Rd, off Andheri ‐ Kurla Road,
Marol, Andheri East, Mumbai, Maharashtra – 400 059
Tel No.: .: +91‐11‐45121795‐96
Email: contact@maashitla.com
Website: www.maashitla.com
Investor Grievance Email: investor.ipo@maashitla.com
Email: contact@maashitla.com
Contact Person: Mr. Mukul Agrawal
