Sadhav Shipping IPO

Sadhav Shipping Limited

₹1,14,000 /1200 sharesMinimum Investment

Sadhav Shipping IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹95.00₹135.00₹40.00 (42.11%)

Sadhav Shipping IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
23 Feb ‘24 - 27 Feb ‘24₹1,14,0001,200₹95 - ₹95
Issue SizeIPO Doc
38.18Cr
RHP PDF

About the company

Sadhav Shipping Limited is a Mumbai-based shipping company that owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services. The company owns 24 vessels including 19 owned vessels and 5 rented vessels. The company derives business from 3 main business verticals: Offshore logistics, oil spill response, and port services. Under the Offshore Logistics business vertical, the company carries out exploration and production of oil and gas in offshore fields. Under port services, the company operates high-speed patrol boats for ports.;
Founded in
1996
Managing director
Mr. Kamal Kant Biswanath Choudhury
Parent organisation
Sadhav Shipping Limited

Strength and risks

Strengths
Risks
The company has been operating since the year 1996.
The company’s client base includes companies like ONGC Ltd. and BPCL. It also caters to Major Ports such as Mumbai Port.
The company owns and operates 24 vessels, comprising 19 owned and 5 rented vessels of diverse types and sizes across various sectors. Regular surveys of these vessels are conducted by Classification Societies, Mercantile Marine Department, and State Maritime Boards.
The company’s asset base has expanded over the years. In 2021 the company’s total assets were Rs. 61.18 cr. As of September 2023, its total assets were Rs. 131.13 cr.
The company’s revenue from operations was Rs. 60.57 cr, Rs. 69.55 cr, and Rs. 77.81 cr for FY 2021, 2022, and 2023 respectively. Its Profit after Tax was Rs. 3.31 cr, Rs. 3.01 cr, and Rs. 7.75 cr in these time periods.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular95 - 95₹2 Lakh
High Networth Individual95 - 95₹2 - 5 Lakh
For Sadhav Shipping IPO, eligible investors can apply as Regular.
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