Sadhav Shipping Ltd.
Min Investment
Subscribed Times
Issues size
₹38 Crores
Price Range
₹95 - ₹95
Open on
23 Feb'24
Close on
27 Feb'24

Application Details

Lot Size
Issue Size
₹38 Crores
Issue Type
Book Building

IPO Timeline

Issue Open
Issue Close
Finalization of Basis of Allotment
Initiation of refund
Transfer of shares to Demat Account
Listing Date

Shares Offered

Qualified Inst. Buyers
Non Inst. Buyers
Retails Ind. Buyers

Subscription Status 

(as of 19 Apr 2024)
Overall Status109.52x
Qualified Inst. Buyers
Non Inst. Buyers
Retails Ind. Buyers

Objects of the offer

1. Repayment / Prepayment, in part or full of certain outstanding borrowings availed by our Company
2. Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels
3. Additional Working Capital Requirement
4. General Corporate Purpose

Company’s Financials

Mar 2021
Mar 2022
Mar 2023
Equity Capital
Reserves and Surplus
Total Debt
Gross Block
Net Sales
Book Value

Peer Comparison

Scrip NameRevenue(cr)Net Profit(cr)EPSCurrrent Ratio
Shipping Corporation of India Ltd.5794.01870.1618.6811.28
Great Eastern Shipping Company Ltd.5690.462575.01180.365.67
Shreyas Shipping & Logistics Ltd.483.78196.989.673.24
Seamec Ltd.437.2433.0112.9881.96
Essar Shipping Ltd.60.671650.2179.730.39
Global Offshore Services Ltd.51.01315.67127.650.35
Shahi Shipping Ltd.10.890.410.2837.57
Arvind and Company Shipping Agencies Ltd.7.113.472.8616.61
Mercator Ltd.0-2.46-0.08-10.5
Chowgule Steamships Ltd.0-1.16-0.31-67.13

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Guide to IPO Investment

Company Contact Info

Unit -618, Laxmi Plaza, Bldg No. 9,
Unit -618, Laxmi Plaza, Bldg No. 9,New Link Road,Near Laxmi Industrial Estate,Mumbai,Maharashtra-400053
Phone : 

Book Running Managers


Registrar & Transfer Agent

Maashitla Securities Pvt. Ltd.
451, Krishna Apra Business Square,Netaji Subhash Place,Pitampura,Delhi-110034
Phone : 45121795
Fax :/

Offer Related Information

Initial public offering of up to 4018800 equity shares of face value of Rs.10.00 each (Equity Shares) of Sadhav Shipping Ltd.("The Company" or the "Issuer")
 for cash at a price of Rs.95.00 per equity share (including a premium of Rs.85.00 per equity share) ("Offer Price")
aggregating up to Rs.381786000 crores.
Offer Price: Rs.95.00 per equity share of face value of Rs.10.00 each.
The Offer Price is {ApplicationMoney/FaceValue} times of the face value
The minimum bid lot is 1200 equity shares and in multiples of 1200 equity shares thereafter
Single-click UPI-based IPO application
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