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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.43 | 69.44 |
| Share Capital | 9965817 | 9965817 |
Offer to Public
40,18,800.00 Cr
Project Details
- Part funding/ margin money of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels - 155cr
- General Corporate Purpose - 45cr
- Working Capital Requirement - 80cr
- Repayment / Prepayment, in part or full of certain outstanding borrowings availed by our Company - 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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 6,909.43 | 295.25 | 330.02 | 330.27 | 3.196 |
| 2021 | 6,117.48 | 295.25 | 300.56 | 300.75 | 2.9104 |
