Sadhav Shipping Limited IPO
- IPO Date23 Feb, 2024 to 27 Feb, 2024
- Listing Date01 Mar, 2024
- Face Value₹10 per share
- Issue Price₹95 to ₹95 per share
- Lot Size1200 Shares
- Minimum Investment₹1,14,000
- Listing AtNSE SME
- Total Issue Size40,18,800 Shares
(aggregating up to ₹38.18 Cr) - Fresh Issue40,18,800 Shares
(aggregating up to ₹38.18 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,03,33,818
- Shareholding post issue1,43,52,618
IPO Dates
Closing Date
27 Feb, 2024
Initiation of Refunds
29 Feb, 2024
Listing Date
01 Mar, 2024
23 Feb, 2024
Opening Date
28 Feb, 2024
Basis of Allotment
29 Feb, 2024
Credit of Shares
Sadhav Shipping Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 2400 | ₹2,28,000 |
| Retail (Min) | 1 | 1200 | ₹1,14,000 |
| Retail (Max) | 1 | 1200 | ₹1,14,000 |
Sadhav Shipping Limited Promoter Holding
Mr. Kamal Kant Biswanath Choudhury, Mrs Sadhana Choudhury, Mr. Vedant Kamal Kant Choudhury, and Mr. Subhas Chandra Choudhury are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.44% | 69.44% |
Sadhav Shipping Limited COMPANY INFORMATION
Sadhav Shipping IPO is a fixed price issue of Rs 38.18 crores. The issue is entirely a fresh issue of 40.19 lakh shares. Sadhav Shipping IPO bidding opened for subscription on February 23, 2024 and will close on February 27, 2024. The allotment for the Sadhav Shipping IPO is expected to be finalized on Wednesday, February 28, 2024. Sadhav Shipping IPO will list on NSE SME with tentative listing date fixed as Friday, March 1, 2024. Sadhav Shipping IPO price is ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹228,000. Isk Advisors Pvt Ltd is the book running lead manager of the Sadhav Shipping IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Sadhav Shipping IPO is Sunflower Broking. Refer to Sadhav Shipping IPO RHP for detailed information.
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.
FAQs About Sadhav Shipping Limited Ipo
Sadhav Shipping Limited IPO will open on 23 Feb, 2024 and close on 27 Feb, 2024. Investors must apply within this period to participate.
The Sadhav Shipping Limited IPO price band is set between ₹95.00 and ₹95.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹114000.00.
The Sadhav Shipping Limited IPO shares are expected to be listed on 01 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Sadhav Shipping Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sadhav Shipping Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.