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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹38.18 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹38.18 Cr |
| Fresh Issue | ₹36.25 Cr |
| Face Value | βΉ10 Per Equity Share |
| Issue Price | βΉ95.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SADHAV |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | ISK Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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:
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (βΉ 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 |
| 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 | ||||
| KPI | |
|---|---|
| ROE | 20.41% |
| ROCE | 14.36% |
| RoNW | 18.94% |
| PAT Margin | 9.97% |
| Price to Book Value | 2.40 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (βΉ) | 7.50 | 5.67 |
| P/E (x) | 12.66 | 16.75 |
| Promoter Holding | 96.44% | 69.44% |
| Market Cap | βΉ136.35 Cr. | |
