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TCS, HDFCBANK, SBI Liquid Fund (G)
Sadhav Shipping Ltd.

SADHAV

Equity

NSE

Min. Investment

95,000.00

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IPO Details

Bidding Dates

23 Feb 24 - 27 Feb 24

Price Range ₹

95 - 0

Total Equity

38.18Cr

Lot Size

1200

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

23 Feb 2024

Offer end

27 Feb 2024

Allotment

28 Feb 2024

Refund initiation

29 Feb 2024

Demat transfer

29 Feb 2024

Listing

01 Mar 2024

About Company

Incorporated in 1996, Sadhav Shipping Limited is a company specializing in marine assets ownership and operation, catering to port services, coastal logistics, and other maritime-related activities. Formerly known as Homa Offshore & Shipping Company Private Limited, the company boasts a fleet of barges utilized for coastal and inland waterway shipping, facilitating the transportation and lightering of goods. Additionally, Sadhav Shipping Limited manages and operates port crafts while providing high-speed security boats for patrol services.

Year Founded

16-08-1996

Promotor Details

Kamal Kant Biswanath Choudhury

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage96.4369.44
Share Capital99658179965817

Offer to Public

40,18,800.00 Cr

Project Details

  • General Corporate Purpose - 45cr
  • Repayment / Prepayment, in part or full of certain outstanding borrowings availed by our Company - 80cr
  • Part funding/ margin money of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels - 155cr
  • Working Capital Requirement - 80cr

Objectives

  • (a) Repayment / Prepayment, in part or full of certain outstanding borrowings availed by ourCompany(b) Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels(c) Additional Working Capital Requirement(d) General Corporate Purpose

Highlights

  • Sadhav Shipping Limited has been in operation since 1996, indicating a longstanding presence and experience in the maritime industry.
  • The company offers a range of services including marine asset operation, coastal logistics, port services, and oil spill response, allowing it to cater to various segments of the maritime market.
  • With ownership of 19 ships, Sadhav Shipping has a significant asset base, providing stability and control over its operations.
  • The three business divisions - Offshore Logistics, Port Services, and Oil Spill Response - demonstrate a strategic approach to diversification and specialization within the maritime sector.
  • As of March 31, 2023, the company had 421 employees, indicating a sizeable workforce to support its operations and growth initiatives.

Challenges

  • Sadhav Shipping's operations are closely tied to the maritime industry, making it susceptible to factors such as economic downturns, regulatory changes, and environmental risks.
  • The maritime industry is known for its cyclical nature and susceptibility to fluctuations in global trade, which could impact Sadhav Shipping's financial performance and profitability.
  • Operating marine assets involves inherent risks such as accidents, environmental incidents, and regulatory compliance challenges, which could adversely affect the company's reputation and financial stability.
  • The maritime sector is highly competitive, with numerous players vying for market share. Sadhav Shipping faces competition from both domestic and international companies, potentially impacting its pricing power and market position.
  • Given the nature of its operations, Sadhav Shipping may face scrutiny and pressure to adhere to stringent environmental regulations and sustainability standards, which could increase operational costs and compliance burdens.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20226,909.43295.25330.02330.273.196
20216,117.48295.25330.02330.273.196
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