Dive into the maritime investment potential with the Sadhav Shipping Limited IPO. Uncover details, pricing, and key dates of this fixed price issue, promising fresh perspectives on the evolving maritime industry. Subscribe from February 23 to February 27, 2024, for a chance to join the journey as Sadhav Shipping sets sail on NSE SME, with a tentative listing date of March 1, 2024. Don’t miss this opportunity to explore the seas of investment with a minimum lot size of 1200 shares at ₹95 per share.
Introduction
Investors eyeing the maritime industry have a new opportunity on the horizon with the Sadhav Shipping Limited IPO. This article explores the intricate details of the Sadhav Shipping IPO, offering insights into its pricing, subscription dates, and market dynamics.
Sadhav Shipping Limited IPO Overview
Sadhav Shipping IPO: Setting Sail for Investment Success
The Sadhav Shipping IPO marks a fixed price issue of Rs 38.18 crores, comprising entirely of fresh shares amounting to 40.19 lakh. Bidding for the Sadhav Shipping IPO commenced on February 23, 2024, and will conclude on February 27, 2024. Expectations are high as the allotment process is set to be finalized on February 28, 2024, with the stock listing on NSE SME tentatively scheduled for March 1, 2024.
Key Details
- Issue Price: ₹95 per share
- Minimum Lot Size: 1200 Shares
- Retail Investors’ Minimum Investment: ₹114,000
- HNI Minimum Investment: 2 lots (2,400 shares), amounting to ₹228,000
Leading the Way
Isk Advisors Pvt Ltd spearheads the Sadhav Shipping Limited IPO as the book running lead manager, with Maashitla Securities Private Limited serving as the registrar. Sunflower Broking assumes the role of market maker for the IPO, underscoring the industry’s confidence in Sadhav Shipping’s potential.
Sadhav Shipping IPO Details
| Parameters | Details |
|---|---|
| IPO Date | February 23, 2024 – February 27, 2024 |
| Listing Date | March 1, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,018,800 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Reservation Details
The Sadhav Shipping Limited IPO offers 4,018,800 shares, with significant allocations to Non-Institutional Investors (NII) and Retail Individual Investors (RII), showcasing a balanced distribution strategy.
Investment Timeline
The investment window for Sadhav Shipping Limited IPO opens on February 23, 2024, and closes on February 27, 2024, with subsequent milestones leading to the listing date on March 1, 2024.
Lot Size Insights
Investors can bid for a minimum of 1200 shares and multiples thereof, with predefined investment brackets for retail and HNI categories.
Promoter Holding
Mr. Kamal Kant Biswanath Choudhury, Mrs. Sadhana Choudhury, Mr. Vedant Kamal Kant Choudhury, and Mr. Subhas Chandra Choudhury collectively hold substantial pre and post-issue stakes in Sadhav Shipping Limited, affirming their commitment to its growth trajectory.
About Sadhav Shipping Limited
Established in 1996, Sadhav Shipping Limited has emerged as a prominent player in the maritime industry, offering diverse services across offshore logistics, port management, and oil spill response.
Financial Performance
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Sadhav Shipping Limited has demonstrated robust financial performance, with notable revenue growth and profit margins, indicating a strong operational foundation and management efficiency.
In conclusion, the Sadhav Shipping Limited IPO presents a compelling opportunity for investors seeking a voyage into the maritime industry. With a diverse range of services, strategic business models, and growth prospects aligned with India’s economic expansion, Sadhav Shipping stands out in the dynamic maritime landscape. The company’s commitment to quality, safety, and environmental protection positions it for continued success.
As the IPO opens doors for funds to be utilized in debt repayment, capital expenditure, working capital, and general corporate purposes, it invites investors to be part of its journey. Stay tuned for the listing on March 1, 2024, as Sadhav Shipping sets sail on NSE Emerge, offering a chance to ride the waves of opportunity in the evolving maritime sector.
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