Sadhav Shipping IPO GMP, Review, Price, Allotment

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Sadhav Shipping IPO GMP

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.

Sadhav Shipping

Promoters of Sadhav Shipping – Mr. Kamal Kant Biswanath Choudhury, Mrs. Sadhana Choudhury, Mr. Vedant KamalKant Choudhury, and Mr. Subhas Chandra Choudhury


Sadhav Shipping IPO Details

Sadhav Shipping IPO Dates23 – 27 Feb 2024
Sadhav Shipping Issue PriceINR 95 per share
Fresh issue4,018,800 shares (INR 38.18 crore)
Offer For SaleNIL
Total IPO size4,018,800 shares (INR 38.18 crore)
Minimum bid (lot size)1,200 shares (INR 114,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Sadhav Shipping Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue60.5769.5577.8133.69
Expenses56.6665.5569.0128.42
Net income3.313.017.754.07
Figures in INR Crores unless specified otherwise

Sadhav Shipping Offer News


Sadhav Shipping Valuations & Margins

FY 2021FY 2022FY 2023
EPS3.202.917.50
PE ratio12.67
RONW (%)10.328.5918.94
NAV31.0233.9039.62
ROCE (%)12.6310.9313.25
EBITDA (%)18.7517.2521.47
*Compiled by IPO Central from Prospectus

Sadhav Shipping IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
29 February 20242525,000
28 February 20242727,000
27 February 20242021,500
26 February 20241512,500
24 February 202475,000

Sadhav Shipping IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered1,908,0001,908,0003,816,000
27 Feb 2024184.6965.52125.10
26 Feb 20245.6112.799.20
23 Feb 20241.061.961.51

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 Date23 February 2024
IPO Closing Date27 February 2024
Finalization of Basis of Allotment28 February 2024
Initiation of refunds29 February 2024
Transfer of shares to demat accounts29 February 2024
IPO Listing Date1 March 2024
Opening Price on NSE SMEINR 135 per share (up 42.11%)
Closing Price on NSE SMEINR 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[email protected]
Website: www.iskadvisors.com


Sadhav Shipping Offer Registrar

MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795-96
Email: [email protected]
Website: 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.

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