Last updated on March 2, 2024
Sadhav Shipping IPO description – Founded in 1996, Sadhav Shipping (SSL) is a Mumbai-based company that owns and operates marine assets dedicated to serving ports, coastal logistics, and various other maritime-related services. As of February 2024, SSL owns and operates 24 vessels, comprising 19 owned vessels and 5 rented vessels, across various sectors of maritime trade in India. As of 31 March 2023, the company employed 421 individuals.
Sadhav Shipping operates 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 facility for the ports
Sadhav Shipping has built a robust customer base in the sector, offering its services to leading companies 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.
Promoters of Sadhav Shipping – Mr. Kamal Kant Biswanath Choudhury, Mrs. Sadhana Choudhury, Mr. Vedant KamalKant Choudhury, and Mr. Subhas Chandra Choudhury
Table of Contents
Sadhav Shipping IPO Details
| Sadhav Shipping IPO Dates | 23 – 27 Feb 2024 |
| Sadhav Shipping 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 |
Sadhav Shipping Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 60.57 | 69.55 | 77.81 | 33.69 |
| Expenses | 56.66 | 65.55 | 69.01 | 28.42 |
| Net income | 3.31 | 3.01 | 7.75 | 4.07 |
Sadhav Shipping Offer News
- Sadhav Shipping RHP
- Sadhav Shipping Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Sadhav Shipping 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 GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 29 February 2024 | 25 | – | 25,000 |
| 28 February 2024 | 27 | – | 27,000 |
| 27 February 2024 | 20 | – | 21,500 |
| 26 February 2024 | 15 | – | 12,500 |
| 24 February 2024 | 7 | – | 5,000 |
Sadhav Shipping IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,908,000 | 1,908,000 | 3,816,000 |
| 27 Feb 2024 | 184.69 | 65.52 | 125.10 |
| 26 Feb 2024 | 5.61 | 12.79 | 9.20 |
| 23 Feb 2024 | 1.06 | 1.96 | 1.51 |
The market maker reservation portion of 202,800 shares is not included in the above calculations.
Sadhav Shipping IPO Allotment Status
Sadhav Shipping IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Sadhav Shipping IPO Dates & Listing Performance
| IPO Opening Date | 23 February 2024 |
| IPO Closing Date | 27 February 2024 |
| Finalization of Basis of Allotment | 28 February 2024 |
| Initiation of refunds | 29 February 2024 |
| Transfer of shares to demat accounts | 29 February 2024 |
| IPO Listing Date | 1 March 2024 |
| Opening Price on NSE SME | INR 135 per share (up 42.11%) |
| Closing Price on NSE SME | INR 141.75 per share (up 49.21%) |
Sadhav Shipping Offer Lead Manager
ISK ADVISORS PRIVATE LIMITED
501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002
Email:Â [email protected]
Website:Â www.iskadvisors.com
Sadhav Shipping Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone:Â 011-45121795-96
Email:Â [email protected]
Website:Â www.maashitla.com
Sadhav Shipping IPO Contact Details
SADHAV SHIPPING LIMITED
Unit -618, Laxmi Plaza, Bldg No. 9,
New Link Road, Near Laxmi Industrial Estate,
Andheri West, Mumbai, Maharashtra, 400053
Phone: +91 -22-40003355
E-mail: [email protected]
Website: www.sadhavshipping.com
IPO FAQs
What is the Sadhav Shipping offer size?
Sadhav Shipping’s offer size is INR 38.18 crores.
What is the Sadhav Shipping offer price band?
Sadhav Shipping’s public offer price is INR 95 per share.
What is the lot size of the Sadhav Shipping IPO?
Sadhav Shipping’s offer lot size is 1,200 shares.
What is Sadhav Shipping IPO GMP today?
Sadhav Shipping IPO GMP today is INR 25 per share.
What is the Sadhav Shipping kostak rate today?
Sadhav Shipping kostak rate today is NA per application.
What is Sadhav Shipping Subject to Sauda rate today?
Sadhav Shipping is Subject to the Sauda rate today is INR 25,000 per application.
