Sadhav Shipping (NSE SME)
Feb 23, 2024 - Feb 27, 2024
| Price | ₹95 - ₹95 |
| Premium | ₹30 |
|---|---|
| Lot size | 1200 |
| Allotment | Feb 28, 2024 |
| Listing | Mar 1, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 114000 | 1590 |
| HNI | 2 | 2400 | 228000 | 1590 |
Last updated on 27-Feb-2024 17:02:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1908000 | 352389600 | 184.69 |
| RETAIL | 1908000 | 125007600 | 65.52 |
| Total | 3816000 | 477397200 | 125.1 |
| Retail Apps | 104173 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹23.55 | @8% ₹26.92 | @9% ₹30.28 | @10% ₹33.65 | @11% ₹37.01 | @12% ₹40.38 |
Incorporated in 1996, Sadhav Shipping Limited owns and operates marine assets to service ports, coastal logistics, and provides other port maritime-related services.
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.
Sadhav Shipping IPO Details
| Issue Size | 4,018,800 shares (aggregating up to ₹38.18 Cr) |
| Fresh Issue | 4,018,800 shares (aggregating up to ₹38.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,333,818 |
| Share holding post issue | 14,352,618 |
| Market Maker portion | 202,800 shares |
Sadhav Shipping IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Sadhav Shipping IPO Lead Manager(s)
- Isk Advisors Pvt Ltd
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
| ROE | 20.41% | 8.97% | 11.13% |
| ROCE | 13.25% | 10.93% | 12.63% |
| RONW | 18.94% | 8.59% | 10.32% |
| D/E | 1.48 | - | - |
| EPS | 7.50 | 2.91 | 3.20 |
| P/BV | 2.4 | - | - |
| P/E | 12.66 | - | - |
Company Financials
Sadhav Shipping Limited Financial Information (Restated)
Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Jun 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 12,359.24 | 11,628.71 | 6,909.43 | 6,117.61 |
| Revenue | 1,786.61 | 7,890.59 | 6,977.59 | 6,123.65 |
| Profit | 212.98 | 775.44 | 300.93 | 330.77 |
| Net Worth | 4,307.44 | 4,094.46 | 3,503.51 | 3,205.61 |
| Reserves | 4,012.18 | 3,799.21 | 3,208.26 | 2,910.36 |
| Borrowing | 6,007.78 | 5,527.45 | 2,083.08 | 1,776.04 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Experienced Leadership: Under the guidance of seasoned professionals, Sadhav Shipping is recognized for its expertise in maritime services, leveraging top-notch assets to capitalize on growth opportunities.
Strategic Assets: With a robust fleet at its disposal, Sadhav Shipping is trusted for delivering dependable maritime solutions, fostering strategic partnerships that prioritize customer satisfaction.
Strategic Growth: Positioned for expansion, Sadhav Shipping is seen as an industry frontrunner, actively pursuing emerging opportunities and bolstering market presence through collaborative alliances.
Reliable Partnerships: Collaborating seamlessly with industry stakeholders, Sadhav Shipping is lauded for its commitment to ensuring customer satisfaction, driving sustainable growth, and maximizing profitability.
Customer-Centric Approach: Renowned for prioritizing client needs, Sadhav Shipping stands out for its long-term relationship cultivation and consistent delivery of superior maritime solutions, securing enduring success in the industry.
Risk Factors
Legal Proceedings: The existence of outstanding legal proceedings against Sadhav Shipping raises concerns among stakeholders regarding potential risks to the company's business operations, financial health, and overall performance.
Compliance Risks: Observers express apprehension over Sadhav Shipping's compliance track record, particularly in relation to adherence to tax laws and regulatory requirements, fearing potential penalties or liabilities that may arise from non-compliance or delays.
Companies Act Compliance: Non-compliance with provisions of the Companies Act and other relevant legislation over the past three years signals potential regulatory risks for Sadhav Shipping, impacting its business operations and financial standing.
Debt Exposure: Stakeholders are wary of the substantial indebtedness of Sadhav Shipping, recognizing the associated risks that may adversely affect the company's financial stability and operational outcomes.
Sadhav Shipping IPO Lead Manager(s)
- Isk Advisors Pvt Ltd
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: contact@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues