Sadhav Shipping Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹95 - ₹95
- Lot size
- 1,200 shares
- Issue amount
- ₹38.18 cr
- Total subscription
- 125.1×
- Opens
- 23 Feb 2024
- Closes
- 27 Feb 2024
- Allotment
- 28 Feb 2024
- Listing
- 1 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 40,18,800 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹38.18 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,14,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,03,33,818
- Shares after issue
- 1,43,52,618
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,14,000 |
| HNI | 2 | 2,400 | ₹2,28,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 18.13 | 1,187.57 |
| NIB | 18.13 | 3,347.7 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 7.5 | 2.91 | 3.2 |
| ROE | 20.41 | 8.97 | 11.13 |
| ROCE | 13.25 | 10.93 | 12.63 |
| RONW | 18.94 | 8.59 | 10.32 |
| PRE IPO(PE) | 2.4 | 0 | 0 |
| POST IPO(PE) | 12.66 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1996, Sadhav Shipping Limited specializes in marine asset operations, offering services in ports, coastal logistics, and other maritime-related sectors. The company owns and operates barges for coastal and inland waterway shipping, manages port crafts, and provides high-speed security boats for patrol services. Sadhav Shipping operates through three key business divisions: Offshore Logistics, supporting oil and gas exploration; Port Services, offering high-speed patrol boats for port security; and Oil Spill Response, providing Tier 1 oil spill response equipment for ports. With a fleet of 24 ships—19 owned and 5 leased—the company plays a vital role in India's maritime trade. As of March 31, 2023, Sadhav Shipping Limited employed 421 personnel, ensuring smooth operations across its various service offerings.
Strengths
- Experienced Leadership: A seasoned management team ensures strategic decision-making and operational excellence, helping the company navigate industry challenges and seize growth opportunities.
- Strategic Assets: A well-maintained fleet enhances service reliability, allowing the company to meet customer demands efficiently while strengthening its industry reputation.
- Strategic Growth Initiatives: Proactive expansion efforts and market positioning strategies keep Sadhav Shipping ahead of competitors, ensuring long-term business sustainability.
- Reliable Partnerships: Strong collaborations with key stakeholders help drive operational efficiencies and enhance customer satisfaction, fostering long-term business success.
- Customer-Centric Approach: A focus on client needs ensures loyalty and repeat business, reinforcing the company's reputation for quality and reliability.
Risk factors
- Legal Proceedings: Ongoing litigations may lead to financial liabilities, operational disruptions, or reputational damage, making it crucial for the company to manage these cases effectively.
- Compliance Risks: Any lapses in regulatory compliance, particularly tax-related obligations, could result in penalties, increased scrutiny, or operational constraints.
- Companies Act Compliance Issues: Historical non-compliance with legal provisions could signal governance concerns, potentially affecting investor confidence and attracting regulatory actions.
- Debt Exposure: High levels of indebtedness could strain financial resources, limit growth opportunities, and increase vulnerability to economic downturns.
Promoters
Mr. Kamal Kant Biswanath Choudhury
Mrs Sadhana Choudhury
Mr. Vedant Kamal Kant Choudhury
Mr. Subhas Chandra Choudhury
Registrar & documents
Lead manager
Isk Advisors Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
521 5th Floor, Loha Bhavan, P.Dʹmello Road, Masjid (East), Mumbai - 400009
+91-22-40003355
[email protected]Company website ↗Understanding SADHAV IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.