Sadhav Shipping Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,908,000 (47%) | — | ₹1,813 Cr |
| Retail | — | 1,908,000 (47%) | — | ₹1,813 Cr |
| Market Maker | — | 202,800 (5%) | — | ₹19 Cr |
| Σ Total | — | 4,018,800 (100%) | — | ₹38,179 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹114,000 |
| Retail (Max) | 13 | 15,600 | ₹1,482,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,596,000 |
| B-HNI (Min) | 67 | 80,400 | ₹7,638,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 3,386 | 7,891 | 6,978 |
| Profit After Tax | 407 | 775 | 301 |
| Net Worth | 4,501 | 4,094 | 3,504 |
| Total Assets | 13,113 | 11,629 | 6,909 |
| Reserves & Surplus | 4,206 | 3,799 | 3,208 |
| Total Borrowing | 6,682 | 5,527 | 2,083 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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. –
Company Overview
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 fields
- Port Services: High-speed patrol boats for ports
- Oil spill response: Tier 1 oil spill response equipment for ports
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.