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Open
23 Feb 2024
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Close
27 Feb 2024
3
Allotment
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Listing
Fri, Mar 1, 2024
Price Band
₹95 per share
Issue Size
40,18,800 shares (agg. up to ₹38 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Mar 1, 2024
Latest GMP
₹30
Est. Gain
31.58%
✦ AI Insight
GMP Trend
01-03-2024₹30Est. ₹125+31.58%
29-02-2024₹30Est. ₹125+31.58%
28-02-2024₹26Est. ₹121+27.37%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 126.71x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 131.13 | 116.29 | 69.09 | 61.18 |
| Total Income | 33.86 | 78.91 | 69.78 | 61.24 |
| Profit After Tax | 4.07 | 7.75 | 3.01 | 3.31 |
| NET Worth | 45.01 | 40.94 | 35.04 | 32.06 |
| Reserves and Surplus | 42.06 | 37.99 | 32.08 | 29.10 |
| Total Borrowing | 66.82 | 55.27 | 20.83 | 17.76 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Arvind & Co.Shipping Agencies Ltd. | SME | ₹14.74 Cr | ₹45 | 9.74 | ₹80.05 | +77.89% | ₹28.90 (+0.17%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the Company | 8.00 |
| 2 | Part funding/ margin money of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels (Pelican Conquest) | 15.50 |
| 3 | Working Capital Requirement | 8.00 |
| 4 | General Corporate Purpose | 4.50 |
About Sadhav Shipping IPO
Incorporated in 1996, Sadhav Shipping Limited owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services. The company was previously known as Homa Offshore & Shipping Company Private Limited. The company has barges that are used in coastal and inland waterway shipping for the transportation or lightering of goods. The company operates and manages Port crafts and also offers high-speed security boats for patrol services. Sadhav Shipping has 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 equipment for ports The company has 24 ships, of which 19 are owned and 5 are leased, which are deployed in various sectors of maritime trade in India. As of March 31, 2023, the company had 421 employees.+ Read More
Contact Details
Sadhav Shipping Ltd. Address521 5th FloorLoha Bhavan, P.D πmello RoadMasjid (East)Mumbai, Maharashtra, 400009+91 ‐22‐40003355cs@sadhav.comVisit Website