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IPO

IPO Details


Sadhav Shipping Ltd
Registered Office: 521 5th Flr Loha Bhavan, P D Mello Road Masjit (East), Mumbai - 400009, Maharashtra
Phone: +91-22-4000 3355
Email: cs@sadhav.com
Website: www.sadhavshipping.com
Initial public offer of upto 40,18,800 equity shares of face value of Rs. 10 each ("Equity Shares") of Sadhav Shipping Limited (the "Company" or "SSL" or "The Issuer") for cash at a price of Rs. 95 per share (including a share premium of Rs. 85 per equity share) (the "Issue Price"), aggregating to Rs. 38.18 crores ("The Issue"), of which upto 2,02,800 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 38,16,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.00% and 26.59%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 9.5 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
23-Feb-2024 27-Feb-2024 ₹ 95.00 ₹ 0.00
Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0
(₹)Cr. Lead Managers to the Issue
Project Cost 36.00 ISK Advisors Pvt Ltd
Project Financed through Current Offer 38.18
Post Issue Equity Share Capital 14.35
Issue Price ₹95.00
Projects
Repayment/Prepayment in part of full of certain outstanding borrowings availed by the company
Part funding of capital expenditure to purchase acquire additional boats vessels
Working capital requirements
General corporate purposes
Promoted By
Kamal Kant Biswanath Choudhury
Sadhana Choudhury
Vedant Kamalnath Choudhury
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,474.68 297.60(1.23%)