February 29, 2024
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Sadhav Shipping IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Sadhav Shipping IPO Post Listing Review :
On 1st March, the scrip is listed at Rs.135, compared to the Issue-price of Rs.95 (premium of 42.11 %). The listing has been above the expectations of the grey market players.
Sadhav Shipping IPO Subscription
On 27 February 2024 5.00 pm (Day 3)
Review: Strong subscriptions on the last day
NII: 1908000 Shares 184.58 T
RII: 1908000 Shares 65.52 T
Total: 3816000 Shares 135.69 T
What is the business of Sadhav Shipping?
Sadhav Shipping Limited (SSL)- Mumbai based company incorporated in year 1996 with an objective
to own and operate marine assets to service ports, coastal logistics and other port maritime related
services. Today SSL owns and operates 24 vessels that includes 19 owned vessels and 5 rented
vessels, in various sectors of maritime trade in India. Sadhav Shipping Limited was incorporated by
Mr. Kamal Kant Biswanath Choudhury an alumnus of T.S. Dufferin and Master Mariner. He is also
an alumni of NMIMS and a Gold Medallist Fellow of Narottam Morarjee Institute of Shipping. He
worked with the Directorate General of Shipping (India) and ONGC Ltd. prior to founding the
Sadhav Shipping Limited.
With modern Dynamic Positioning offshore fleet and dedicated on board and a shore crew SSL is
committed to provide best in class services to our clients. Sadhav Shipping Limited was the first to
setup and operate India’s first Port based Tier 1 Oil Spill Response Facility Centre in Mumbai and
are now operating in most of the Major Ports in India. With a sailing team of 200+ officers and crew coupled with effective and experienced shore management; it is witnessing sustainable growth
year on year.
Its barges plying in Coastal & Inland Waterways operate for transportation or lighterage of cargo.
It operates & manages Port crafts and also provides high speed security boats for patrolling services,
which constitute its Port Services operations.
Get more information about the company @ http://www.sadhavshipping.com/
| Sadhav Shipping IPO Details | |
| IPO opens on | 23 February 2024 |
| IPO closes on | 27 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4018800 Sh /Rs 38.18 Cr |
| * Fresh Issue | 4018800 Sh /Rs 38.18 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 202800 Sh. |
| Net offer to Public | 3816000 Sh./Rs.36.25 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 95 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in Sadhav Shipping IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 1908000 | 18.13 |
| RII (50%) | 1908000 | 18.12 |
| Total Shares | 3816000 | 36.25 |
| Retail portion will be oversubscribed by | 1590 | |
| Forms | ||
| How much Shares to Apply in Sadhav Shipping IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 114000 |
| Min HNI Application | 2400 Sh | Rs.228000 |
Who are the Promoters of Sadhav Shipping IPO?
Mr. Kamal Kant Biswanath Choudhury, Mrs Sadhana Choudhury, Mr. Vedant Kamal Kant Choudhury, and Mr. Subhas Chandra Choudhury are the promoters of the company.
What are the Objects of Sadhav Shipping IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Objects of the Net Issue is to raise funds for:
Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company,
Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels,
Additional Working Capital Requirement, and
General Corporate Purpose.
| Sadhav Shipping IPO Tentative timetable | |
| IPO opens on | 23 February 2024 |
| IPO Closes on | 27 February 2024 |
| IPO Allotment on | 28 February2024 |
| Refund Initiation | 29 February 2024 |
| Credit of Shares | 29 February 2024 |
| Listing on | 01 March 2024 |
| Registered Office of the Company Sadhav Shipping Limited 521 5th Floor, Loha Bhavan, P.D’mello Road, Masjid (East), Mumbai – 400009 |
| Who is the Lead Manager of Sadhav Shipping IPO? Isk Advisors Pvt Ltd |
| Who is the Registrar to IPO? Maashitla Securities Private Limited |
| Sadhav Shipping IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 61.24 | 3.31 | 3.20 | 10.32 |
| 2021-22 | 69.78 | 3.01 | 2.91 | 8.59 |
| 2022-23 | 78.91 | 7.75 | 7.50 | 18.94 |
| Book Value of the Share on | 31.03.2023 | Rs 39.62 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 95 | |||
| Sadhav Shipping IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 12.67 |
| Price/BV Ratio | 2.40 |
| Upper price/BV after IPO | |
How Sadhav Shipping IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Sadhav Shipping | 10 | 77.81 12.67 | |
| Seamac ltd | 10 | 399.02 | 74.06 |
| Knowledge Marine | 10 | 194.72 | 30.96 |
| Garware Marine | 10 | 1.22 | 44.95 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Sadhav Shipping IPO To the point Guidance
Sadhav Shipping Limited (SSL)- Mumbai based company incorporated in year 1996 with an objective
to own and operate marine assets to service ports, coastal logistics and other port maritime related
services. Today SSL owns and operates 24 vessels that includes 19 owned vessels and 5 rented
vessels, in various sectors of maritime trade in India. The promoter of the company has rich experience of this field. The business of coastal logistics and port maritime related services are expected to expand exponentially.
Size: The net size of the IPO is Rs. 36.25 Cr comprising of 3816000 shares. Considering the recent IPO trends, the IPO is not very large. With just 1590 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 18.13 Cr, so oversubscription may not be an issue.
Financial Angle: In the 3 years, prior to the IPO, the total income and net profits have shown steady rise, except sharp rise in the net profits in the year 2022-23. If the company can maintain its profits of the year 2022-23, then the offer price of Rs. 95 is reasonably priced. Currently, grey market has huge bearing on the listing trends of most of the IPOs. So you may take clue from grey market trend and then take final decision.
Quicklinks
Sadhav Shipping IPO GMP Detail IPO GMP today details?
Sadhav Shipping IPO
Sadhav Shipping IPO FAQs
What is Sadhav Shipping IPO?
Sadhav Shipping IPO is a SME IPO of net 3816000 equity shares of the face value of Rs. 10 aggregating up to Rs.36.25 Crores. The issue is priced at Rs.95 per share. The minimum order quantity is 1600 Shares.
When will Sadhav Shipping IPO open?
Sadhav Shipping IPO opens on February 23, 2024, and closes on February 27, 2024.
What is the lot size of Sadhav Shipping IPO?
Sadhav Shipping IPO lot size is 1200 Shares, and the minimum amount required is Rs.114000.
How to apply for Sadhav Shipping IPO?
You can apply in Sadhav Shipping IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Sadhav Shipping IPO allotment?
The finalization of Basis of Allotment for Sadhav Shipping IPO will be done on February 228, 2024, and the allotted shares will be credited to your demat account by February 29, 2024.
When is Sadhav Shipping IPO listing date?
Sadhav Shipping IPO listing date is not yet announced. The tentative date of Sadhav Shipping IPO listing is March 01, 2024.
hello sir
your magazine is a great one for investors.My question is sir can sme ipos applied in hni category shares be immediately be sold on listing? Its a question out of curiosity please answer.
Thanks
Paras.