Sahara Maritime Ltd - IPO

Sahara Maritime Ltd IPO Details

Initial public offering of 8,49,600 equity shares of face value of Rs. 10/- each (Equity Shares) of Sahara Maritime Limited (Sahara Maritime or Company or Issuer) for cash at a price of Rs. 81/- per equity share (including a premium of Rs. 71 per equity share) (Issue Price) aggregating Rs. 6.88 crores (The Issue) of which 43,200 equity shares aggregating to Rs. 0.35 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 8,06,400 equity shares of face value of Rs. 10/- each at an issue price of Rs. 81/- per equity share aggregating up to Rs. 6.53 crores (Net Issue). The issue and the net issue will constitute 27.67 % and 26.26% of the post-issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 8.1 times of the face value.

Objective of issue

Funding of capital expenditure requirements of the company towards purchase of (I) Comercial Vehicles & (II) Office Equipment. Working Capital Requirements. General Corporate Purposes.

Sahara Maritime Ltd Contact Details

Sahara Maritime Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@saharamaritime.com

Website - www.saharamaritime.com