Sadhav Shipping Ltd. supports the exploration & production of Oil & Gas in offshore fields. Their 4 DP Anchor Handling Tugs cum Supply Vessels (AHTSVs) carry out the following duties:
- 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 & material to offshore locations
- Other duties as guided by the charterer and within the scope of work.
They operate High-Speed Patrol craft for the Ports. They started this vertical in 2010 by providing 2 no’s of High‐Speed Boats to Paradip Port on long-term contracts. They also take up service works with the Ports such as providing Mooring Services (connecting the ship’s rope to land), Garbage Collection Services (collecting garbage from ships), and Flotsam collection services (collecting floating debris on water).
Objects of the Issue:
- 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.
- General Corporate Purpose.
Sadhav Shipping IPO Review
- Avoid
Sadhav Shipping IPO Date & Price Band Details
| IPO Open: | February 23, 2024 |
| IPO Close: | February 27, 2024 |
| IPO Size: | Approx ₹38.18 Crores, 4,018,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹95 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Sadhav Shipping IPO Market Lot
The Sadhav Shipping IPO minimum market lot is 1200 shares with a ₹114,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹114,000 |
| Retail Maximum | 1 | 1200 | ₹114,000 |
| S-HNI Minimum | 2 | 2400 | ₹228,000 |
Sadhav Shipping IPO Dates
The Sadhav Shipping IPO date is February 23 and the IPO close date is February 27. The IPO allotment date is February 28 and the IPO might list on March 1.
| IPO Open Date: | February 23, 2024 |
| IPO Close Date: | February 27, 2024 |
| Basis of Allotment: | February 28, 2024 |
| Refunds: | February 29, 2024 |
| Credit to Demat Account: | February 29, 2024 |
| IPO Listing Date: | March 1, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Sadhav Shipping IPO Form
How to apply Sadhav Shipping IPO? You can apply Sadhav Shipping IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Sadhav Shipping IPO in the Invest section. The other option you can apply Sadhav Shipping IPO via IPO forms download via the NSE website. Check out the Sadhav Shipping forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Sadhav Shipping Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹61.24 | ₹56.66 | ₹3.31 |
| 2022 | ₹69.78 | ₹65.55 | ₹3.01 |
| 2023 | ₹78.91 | ₹69.01 | ₹7.75 |
| June 2023 | ₹17.87 | ₹15.02 | ₹2.13 |
Sadhav Shipping IPO Valuation – FY2023
Check Sadhav Shipping IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.50 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 18.94% |
| Net Asset Value (NAV): | ₹39.62 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Kamal Kant Biswanath Choudhury
- Mrs Sadhana Choudhury
- Mr. Vedant Kamal Kant Choudhury
Sadhav Shipping IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
Sadhav Shipping IPO Allotment Status
Check Sadhav Shipping IPO allotment status on Maashitla website URL. Click Here
Sadhav Shipping IPO Lead Managers aka Merchant Bankers
- Isk Advisors Pvt Ltd
Company Address
Sadhav Shipping Limited
521 5th Floor,
Loha Bhavan, P.Dʹmello Road,
Masjid (East), Mumbai – 400009
Phone: +91 ‐22‐40003355
Email: [email protected]
Website: http://www.sadhavshipping.com/
