Sadhav Shipping IPO Details GMP Price, Launch Date, share price, Issue Size, Review

Sadhav Shipping IPO Details GMP Price, Launch Date, share price, Issue Size, Review

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 DateFebruary 27, 2024
IPO SizeApprox ₹38.18 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹95 Per Every Share
IPO Listing OnNSE SME
IPO Retail Quota50%
IPO NII Quota50%

SADHAV SHIPPING LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum11200₹114,000
Retail Maximum11200₹114,000
S-HNI Minimum22400₹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 DateFeb 23, 2024
IPO Close DateFeb 27, 2024
Basis of AllotmentFeb 28, 2024
RefundsFeb 29, 2024
Credit to Demat AccountFeb 29, 2024
IPO Listing DateMarch 1, 2024

SADHAV SHIPPING LIMITED FINANCIAL REPORTS

₹ in Crores
YearRevenueExpensePAT
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

  1.  Mr. Kamalkant Choudhury
  2.  Mrs. Sadhana Choudhury
  3.  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 EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20233
March 31, 20222
March 31, 20211
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

Leave a Comment

Facebook
Twitter
WhatsApp
Telegram
LinkedIn