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sadhav shipping ipo

Sadhav Shipping IPO

  • Status: Closed
  • RHP:
  • ₹ 114,000 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    23 Feb 2024

  • Close Date

    27 Feb 2024

  • IPO Price Range

    ₹ 95

  • IPO Size

    ₹ 38.18 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    01 Mar 2024

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IPO Timeline

Sadhav Shipping IPO Subscription Status

Last Updated: 15 March 2024 10:29 AM by 5Paisa

Sadhav Shipping Limited IPO is all set to open from 23rd February to 27th February 2024. The company is engaged in the business of port servicing and coastal logistics. The IPO includes a fresh issue of 4,018,800 shares worth ₹38.18 cr. The share allotment date is 28th February 2024, and the IPO will be listed on 1st March 2024 on the stock exchanges. The price band is ₹95 and the lot size is 1200 shares.        

Isk Advisors Private Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar. 

Objectives of Sadhav Shipping IPO:

Sadhav Shipping Limited plans to utilize the raised capital from the IPO to:

●    To repay or prepay in full or partially the borrowings obtained by the company.
●    To partially fund the working expenditure need to purchase or acquire additional Boats/ vessels.
●    To fund the working capital requirements.
●    General corporate purposes.

Established in 1996, Sadhav Shipping Limited (SSL) is engaged in the business of port servicing and coastal logistics. The company operates marine assets to undertake these tasks and also offers other services related to port maritime. At present, the company has a total of 24 vessels including 19 owned vessels and 5 rented vessels. 

The company has three major verticals:

●    Offshore Logistics
●    Port Services
●    Oil Spill Response

SSL was the first ever company in the country to operate a Port-based Tier 1 Oil Spill Response Facility Centre in Mumbai. At present, the company has operations spread across major ports in the country. Some of its popular clients include ONGC, BPCL, JSW Ports, Shipping Corporation of India, and more.

Peer Comparison

No listed peers
 

For More Information:
Webstory on Sadhav Shipping IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 77.80 69.55 60.57
EBITDA 16.70 11.99 11.35
PAT 7.75 3.00 3.30
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 116.28 69.09 61.17
Share Capital 2.95 2.95 2.95
Total Borrowings 75.34 34.05 29.12
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities  20.99 11.49 11.89
Net cash from / (used in) investing activities -49.97 -11.58 -0.29
Net cash flow from / (used in) financing activities 30.62 0.95 -11.53
Net increase (decrease) in cash and cash equivalents 1.64 0.86 0.058


Strengths

1.    The company has quality-backed assets to service its client requirements.
2.    It works with AAA rated client base.
3.    It is positioned well to benefit from India’s economic growth via an increase in imports and exports.
4.    Experienced Promoter and management team.
 

Risks

1.    Breakdowns, Mishaps or accidents could result in a loss or slowdown in the operations of the company. 
2.    Revenue and profits are largely dependent on the chartering/ hire of vessels.
3.    The business has to operate under several statutory and regulatory permits, licenses, registrations, and approvals.
4.    The industry it operates is highly competitive and subject to intense price competition.
 

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FAQs

Sadhav Shipping IPO opens from 23rd February to 27th February 2024.
 

The size of Sadhav Shipping IPO is ₹38.18 cr. 

To apply for Sadhav Shipping IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the  Sadhav Shipping IPO.
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Sadhav Shipping IPO is fixed at ₹95 per share. 

The minimum lot size of Sadhav Shipping IPO is 1200 shares and the investment required is ₹1,14,000.

The share allotment date of Sadhav Shipping IPO is 28th February 2024.

The Sadhav Shipping IPO will be listed on 1st March 2024.

Isk Advisors Private Limited is the book-running lead manager for Sadhav Shipping IPO.

Sadhav Shipping Limited plans to utilize the raised capital from the IPO to:

1.    To repay or prepay in full or partially the borrowings obtained by the company.
2.    To partially fund the working expenditure need to purchase or acquire additional Boats/ vessels.
3.    To fund the working capital requirements.
4.    General corporate purposes.