What you must know about Sadhav Shipping IPO?
by 5paisa Research Team
19 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 01-Mar-24
- IPO Price Range ₹ 95
- Listing Price ₹ 135
- Listing Change 42.1%
- Last Traded Price ₹ 209.7
- Current Change 120.7%
Sadhav Shipping IPO Details
- Open Date 23-Feb-24
- Close Date 27-Feb-24
- Lot Size 1200
- IPO Size ₹ 38.18 Cr
- IPO Price Range ₹ 95
- Min Investment ₹ 114000
- Listing Exchange NSE SME
- Basis of Allotment 28-Feb-24
- Refunds 29-Feb-24
- Credit to Demat Account 29-Feb-24
- Listing Date 01-Mar-24
Sadhav Shipping IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Feb-24 | - | 1.08 | 2.05 | 1.56 |
| 26-Feb-24 | - | 5.54 | 13.11 | 9.36 |
| 27-Feb-24 | - | 184.58 | 65.52 | 135.69 |
Sadhav Shipping IPO Synopsis
Sadhav Shipping Limited IPO is all set to open from 23rd February to 27th February 2024. The company is engaged in the business of port servicing and coastal logistics. The IPO includes a fresh issue of 4,018,800 shares worth ₹38.18 cr. The share allotment date is 28th February 2024, and the IPO will be listed on 1st March 2024 on the stock exchanges. The price band is ₹95 and the lot size is 1200 shares.
Isk Advisors Private Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar.
Objectives of Sadhav Shipping IPO:
Sadhav Shipping Limited plans to utilize the raised capital from the IPO to:
● To repay or prepay in full or partially the borrowings obtained by the company.
● To partially fund the working expenditure need to purchase or acquire additional Boats/ vessels.
● To fund the working capital requirements.
● General corporate purposes.
About Sadhav Shipping
Established in 1996, Sadhav Shipping Limited (SSL) is engaged in the business of port servicing and coastal logistics. The company operates marine assets to undertake these tasks and also offers other services related to port maritime. At present, the company has a total of 24 vessels including 19 owned vessels and 5 rented vessels.
The company has three major verticals:
● Offshore Logistics
● Port Services
● Oil Spill Response
SSL was the first ever company in the country to operate a Port-based Tier 1 Oil Spill Response Facility Centre in Mumbai. At present, the company has operations spread across major ports in the country. Some of its popular clients include ONGC, BPCL, JSW Ports, Shipping Corporation of India, and more.
Peer Comparison
No listed peers
For More Information:
Webstory on Sadhav Shipping IPO
Sadhav Shipping Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 77.80 | 69.55 | 60.57 |
| EBITDA | 16.70 | 11.99 | 11.35 |
| PAT | 7.75 | 3.00 | 3.30 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 116.28 | 69.09 | 61.17 |
| Share Capital | 2.95 | 2.95 | 2.95 |
| Total Borrowings | 75.34 | 34.05 | 29.12 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 20.99 | 11.49 | 11.89 |
| Net cash from / (used in) investing activities | -49.97 | -11.58 | -0.29 |
| Net cash flow from / (used in) financing activities | 30.62 | 0.95 | -11.53 |
| Net increase (decrease) in cash and cash equivalents | 1.64 | 0.86 | 0.058 |
Sadhav Shipping IPO Key Points
-
Strengths
1. The company has quality-backed assets to service its client requirements.
2. It works with AAA rated client base.
3. It is positioned well to benefit from India’s economic growth via an increase in imports and exports.
4. Experienced Promoter and management team.
-
Risks
1. Breakdowns, Mishaps or accidents could result in a loss or slowdown in the operations of the company.
2. Revenue and profits are largely dependent on the chartering/ hire of vessels.
3. The business has to operate under several statutory and regulatory permits, licenses, registrations, and approvals.
4. The industry it operates is highly competitive and subject to intense price competition.
Sadhav Shipping
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Sadhav Shipping IPO FAQs
When does the Sadhav Shipping IPO opens and closes?
Sadhav Shipping IPO opens from 23rd February to 27th February 2024.
What is the size of the Sadhav Shipping IPO?
The size of Sadhav Shipping IPO is ₹38.18 cr.
How to apply for the Sadhav Shipping IPO?
To apply for Sadhav Shipping IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sadhav Shipping IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Sadhav Shipping IPO?
The price band of Sadhav Shipping IPO is fixed at ₹95 per share.
What is the minimum lot size and investment required for the Sadhav Shipping IPO?
The minimum lot size of Sadhav Shipping IPO is 1200 shares and the investment required is ₹1,14,000.
What is the allotment date of the Sadhav Shipping IPO?
The share allotment date of Sadhav Shipping IPO is 28th February 2024.
What is the Sadhav Shipping IPO listing date?
The Sadhav Shipping IPO will be listed on 1st March 2024.
Who are the book runners for the Sadhav Shipping IPO?
Isk Advisors Private Limited is the book-running lead manager for Sadhav Shipping IPO.
What is the objective of Sadhav Shipping IPO?
Sadhav Shipping Limited plans to utilize the raised capital from the IPO to:
1. To repay or prepay in full or partially the borrowings obtained by the company.
2. To partially fund the working expenditure need to purchase or acquire additional Boats/ vessels.
3. To fund the working capital requirements.
4. General corporate purposes.
Contact Details of Sadhav Shipping IPO
Contact Information
Sadhav Shipping Limited
521 5th Floor,
Loha Bhavan, P.Dʹmello Road,
Masjid (East), Mumbai - 400009
Phone: +91 ‐22‐40003355
Email: cs@sadhav.com
Website: http://www.sadhavshipping.com/
Sadhav Shipping IPO Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: contact@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Sadhav Shipping IPO Lead Manager
Isk Advisors Pvt Ltd
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