Sahara Maritime Limited IPO
- IPO Date18 Dec, 2023 to 20 Dec, 2023
- Listing Date26 Dec, 2023
- Face Value₹10 per share
- Issue Price₹81 to ₹81 per share
- Lot Size1600 Shares
- Minimum Investment₹1,29,600
- Listing AtBSE SME
- Total Issue Size8,49,600 Shares
(aggregating up to ₹6.88 Cr) - Fresh Issue8,49,600 Shares
(aggregating up to ₹6.88 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue22,21,050
- Shareholding post issue30,70,650
IPO Dates
Closing Date
20 Dec, 2023
Initiation of Refunds
22 Dec, 2023
Listing Date
26 Dec, 2023
18 Dec, 2023
Opening Date
21 Dec, 2023
Basis of Allotment
22 Dec, 2023
Credit of Shares
Sahara Maritime Limited Lot Size
Investors can bid for a minimum of 1600 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 |
|---|---|---|---|
| Retail (Max) | 1 | 1600 | ₹1,29,600 |
| Retail (Min) | 1 | 1600 | ₹1,29,600 |
| HNI (Min) | 2 | 3200 | ₹2,59,200 |
Sahara Maritime Limited Promoter Holding
The promoters of the company are Mr. Sohrab Rustom Sayed and Mr. Nadeem Aboobakar Hira.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 72.32% |
Key Performance Indicator
Sahara Maritime IPO Market Cap is Rs 24.87 Cr and P/E (x) is 15.03.
| KPI | Values |
|---|---|
| ROE | 26.72% |
| ROCE | 32.77% |
| RoNW | 22.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 15.03 | 5.44 |
| P/E (x) | 15.03 | 5.44 |
Sahara Maritime Limited COMPANY INFORMATION
Sahara Maritime IPO is a fixed price issue of Rs 6.88 crores. The issue is entirely a fresh issue of 8.5 lakh shares. Sahara Maritime IPO bidding opened for subscription on December 18, 2023 and will close on December 20, 2023. The allotment for the Sahara Maritime IPO is expected to be finalized on Thursday, December 21, 2023. Sahara Maritime IPO will list on BSE SME with tentative listing date fixed as Tuesday, December 26, 2023. Sahara Maritime IPO price is ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹259,200. Swaraj shares and securities private limited is the book running lead manager of the Sahara Maritime IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sahara Maritime IPO is Shreni Shares. Refer to Sahara Maritime IPO RHP for detailed information.
Incorporated in 2009, Sahara Maritime Limited is a non-governmental organization that provides transportation, storage and communication services for maritime needs. The company offers a range of freight services to its clients, which includes transportation management. The company has partnered with various intermediaries to provide additional services such as multimodal transportation, project cargo handling, third party logistics, packing, loading and unloading of items. Sahara Maritime's services include the following
Freight Forwarding: The company offers sea freight forwarding services, including booking space for export shipments and organizing all shipping requirements for customers.
Warehousing: As part of its services, the company has leased a warehouse facility to facilitate warehousing and reduce administration time.
Multimodal transportation: The multimodal transportation services offered by the company are a reliable and efficient way of combining different modes of transport, such as sea and land transport, into one overall process. This ensures that goods are transported cost-efficiently from door to door - all under one roof.
Allied logistics services: The company offers a range of services, including handling heavy transportation equipment, chartering shipments, door-to-door deliveries, freight handling and packaging. The door-to-door delivery service facilitates logistics management, while the freight service caters to the special transportation requirements of goods.
The company works on asset light model that reduces the risk of operation cost such as fuel costs, maintenance costs and depreciation and capital expenditure.18
FAQs About Sahara Maritime Limited Ipo
Sahara Maritime Limited IPO will open on 18 Dec, 2023 and close on 20 Dec, 2023. Investors must apply within this period to participate.
The Sahara Maritime Limited IPO price band is set between ₹81.00 and ₹81.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹129600.00.
The Sahara Maritime Limited IPO shares are expected to be listed on 26 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Sahara Maritime Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sahara Maritime Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.