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