Business Standard

Sadhav Shipping Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

38.18 cr

Price Range (₹)

95

Lot Size

1200

Min Investment (₹)

1,14,000.00

Listing Exchange

NSE - SME

Open Date

23-Feb-2024

Close Date

27-Feb-2024

Listing Date

01-Mar-2024

Sadhav Shipping Ltd News

    The Shares of Sadhav Shipping Ltd have now been listed.

    Sadhav Shipping Ltd IPO Details

    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.

    Objective of issue

    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.

    Sadhav Shipping Ltd Contact Details

    Sadhav Shipping Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

    Phone - 011-45121795

    Fax - 01145121795

    Email - cs@sadhav.com

    Website - www.sadhavshipping.com