Sadhav Shipping Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

23 Feb 2024

Close Date

27 Feb 2024

Allotment

28 Feb 2024

Listing Date

01 Mar 2024

Exchange

NSE SME

Price Band

₹95

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹95

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

40,18,800 shares (aggregating up to ₹38.18 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹114,000

1 lot

Pre-IPO Holding

1,03,33,818 shares

Promoters

Post-IPO Holding

1,43,52,618 shares

Promoters

P/E (Pre)

12.66x

P/E (Post)

16.75x

EPS (Pre)

₹7.50

EPS (Post)

₹5.67

UPI Deadline

2024-02-27

Mandate

Anchor AllotmentThu, 22 Feb 2024

Basis of AllotmentWed, 28 Feb 2024

Refund InitiationThu, 29 Feb 2024

Demat CreditThu, 29 Feb 2024

Listing DayFri, 01 Mar 2024

UPI Mandate Deadline2024-02-27

Sale TypeFresh Capital

Net Offer to Public38,16,000 shares (aggregating up to ₹36.25 Cr)

Market Maker Quota2,02,800 shares (aggregating up to ₹1.93 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sadhav Shipping Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Feb 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	202,800	—	₹1.93
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,018,800	100%	₹38.18

IPO Shares Offered

Sadhav Shipping Ltd IPO total issue size: ₹38.18 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	202,800	₹1.93	5.05%
Total	4,018,800	₹38.18	100.00%

* Based on upper price band ₹95 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹95.00

Upper Band

Min Investment

₹114,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹228,000
Retail (Max — 13 Lots)	13	15,600	₹1,482,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,596,000
B-HNI (Min — 68 Lots)	68	81,600	₹7,752,000

* Issue Price ₹95 × Lot Size 1,200 shares

IPO Schedule

Anchor

22 Feb 2024

✓ Done

IPO Open

23 Feb 2024

✓ Done

IPO Close

27 Feb 2024

✓ Done

Allotment

28 Feb 2024

✓ Done

Refunds

29 Feb 2024

✓ Done

Demat Credit

29 Feb 2024

✓ Done

Listing Day

01 Mar 2024

✓ Done

₹95.00

INR · NSE

Fetching…

vs Issue Price

—

OPEN

—

HIGH

—

LOW

—

MKT CAP

—

P/E

—

52W HIGH

—

52W LOW

—

VOLUME

—

DIVIDEND

—

DIV YIELD

—

Loading…

Chart Not Available

Try again 2–3 days after listing.

Issue ₹95.00 Live Price

About Sadhav Shipping Ltd

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:Offshore Logistics: Exploration and production of oil and gas in offshore fieldsPort Services: High-speed patrol boats for portsOil spill response: Tier 1 oil spill response equipment for portsThe 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.

Objects of the Issue

Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company,

Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels,

Additional Working Capital Requirement, and

General Corporate Purpose.

Sadhav Shipping Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹6,977.9

31 Mar 2022

₹7,890.6

31 Mar 2023

₹3,385.7

30 Sep 2023

Profit After Tax (PAT)

₹300.9

31 Mar 2022

₹775.4

31 Mar 2023

₹407.0

30 Sep 2023

Particulars	30 Sep 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	3385.69	7890.59	6977.94
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	406.97	775.44	300.93
Net Worth	4501.44	4094.46	3503.51
Total Assets	13113.49	11628.71	6909.44
Reserves & Surplus	4206.18	3799.21	3208.26
Borrowings	6681.84	5527.45	2083.08
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

2.40

RoE

20.41%

RoCE

14.36%

RoNW

18.94%

Issue Structure & Shareholding

Total Shares Offered40,18,800 (100.00%)

Net Offer to Public38,16,000 shares (aggregating up to ₹36.25 Cr)

Reserved for Market Maker2,02,800 shares (aggregating up to ₹1.93 Cr)

Pre-Issue Promoter Holding1,03,33,818 shares

Post-Issue Promoter Holding1,43,52,618 shares

P/BV Ratio2.40

RoE20.41%

RoCE14.36%

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd

+91-11-45121795-96

contact@maashitla.com

https://maashitla.com/allotment-status/public-issues

Check Allotment

Book Running Lead Managers

ISK Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sadhav Shipping Ltd IPO subscribed? ▲

Sadhav Shipping Ltd IPO is subscribed 1.00 times by Feb 27, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sadhav Shipping Ltd IPO retail subscription status? ▼

The Sadhav Shipping Ltd IPO retail category is subscribed 1.00 times as of 27 Feb 2024. The retail portion is oversubscribed.

How to subscribe Sadhav Shipping Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 23 Feb 2024 and closes 27 Feb 2024. Min investment: ₹114,000 (1 lot = 1,200 shares). UPI mandate: 2024-02-27.

How many times Sadhav Shipping Ltd IPO subscribed? ▼

The Sadhav Shipping Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sadhav Shipping Ltd IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Feb 2024. Refunds: on 29 Feb 2024.

When Sadhav Shipping Ltd IPO will be listed? ▼

The Sadhav Shipping Ltd IPO listing date is 01 Mar 2024, Friday. Listed on: NSE SME. Issue price: ₹95. Estimated listing: ₹95. GMP: NIL.

When Sadhav Shipping Ltd IPO close? ▼

The Sadhav Shipping Ltd IPO closes on 27 Feb 2024, Tuesday. UPI mandate: 2024-02-27. Allotment: 28 Feb 2024. Listing: 01 Mar 2024.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹95.00

Change—

Issue Price₹95.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹95

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹114,000

GMPNIL

Est. Listing₹95

Subscribed1.00x

Open Date23 Feb 2024

Close Date27 Feb 2024

Allotment28 Feb 2024

Listing Date01 Mar 2024

ExchangeNSE SME

UPI Deadline2024-02-27