59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Sadhav Shipping Limited IPO (Sadhav Shipping IPO) Detail

Sadhav Shipping IPO is a Fixed Price IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Logistics sector. Isk Advisors is the merchant banker of Sadhav Shipping IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th November 2023.

Sadhav Shipping IPO open date is 23rd February 2024 and close date is 27th February 2024. IPO Allotment Date is 28th February 2024 and Listing date is 1st March 2024.

IPO Category : SME
Exchange : NSE EMERGE
Issue Type : Fixed Price

IPO Key Highlights

  • IPO Size: ₹ 38.18 Cr. Avg IPO Size (Sector Based) : ₹ 25.01 cr.
  • Sector: Logistics SME IPO so far: 48
  • Merchant Banker: Isk Advisors SME IPO by BRLM so far: 9
  • City: Mumbai SME IPO so far: 280
  • Revenue (annualised): ₹ 67.72 cr.
            (annualised): ₹ 8.14 cr.
  • PE Ratio: 16.76x Average Sector PE Ratio: 15.95x

Sadhav Shipping IPO Date

Date of DRHP:
10th November 2023
IPO Open Date:
23rd February 2024
IPO Closing Date:
27th February 2024
IPO Allotment Date:
28th February 2024
Initiation of Refund:
29th February 2024
IPO Listing Date:
1st March 2024

Sadhav Shipping IPO Info, Size, Subscription

Sadhav Shipping IPO size is ₹ 38.18 Cr. with IPO price of ₹ 95.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 38.18 Cr.

Issue Price:
₹ 95.00

Market Capitalisation :
₹ 136.35 Cr.

PE multiple :
16.76

Subscription :
135.69 times

Pre Issue Promoter Holding :
96.44 %

Post Issue Promoter Holding :
69.44 %

Sadhav Shipping IPO Information

Sub Sector : operating marine assets and related services
Sadhav Shipping is Mumbai based company incorporated in year 1996 with an objective to their own and operate marine assets to service ports, costal logistics and other port maritime related services. Today SSL owns and operates 24 vessels that includes 19 owned vessels and 5 rented vessels, in various sectors of maritime trade in India. Sadhav Shipping Limited was incorporated by Mr. Kamal Kant Biswanath Choudhury an alumnus of T.S. Dufferin and Master Mariner. He is also an alumni of NMIMS and a Gold Medallist Fellow of Narottam Morarjee Institute of Shipping. He worked with the Directorate General of Shipping (India) and ONGC Ltd. prior to founding the Sadhav Shipping Limited.
Under the leadership of Mr. Choudhury SSL has grown its business over the years and
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Object of Issue (Sadhav Shipping IPO Objectives)

  • Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company
  • Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels
  • Additional Working Capital Requirement
  • General Corporate Purposes

Isk Advisors Private Limited is the book-running lead manager of the Sadhav Shipping IPO. Maashitla Securities Private Limited is the Registrar and Market Maker is Sunflower Broking Private Limited for Sadhav Shipping IPO.

Sadhav Shipping IPO Market Maker

Sunflower Broking Private Limited

Sadhav Shipping IPO Registrar (RTA)

Maashitla Securities Private Limited

Sadhav Shipping IPO Lead Manager (BRLM)

Isk Advisors Private Limited

Sadhav Shipping IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Sadhav Shipping IPO?

Sadhav Shipping IPO, based in Mumbai, operates in the   Logistics sector with a focus on operating marine assets and related services. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Sadhav Shipping IPO size is ₹ 38.18 Cr. with fresh issue size of ₹ 38.18 Cr. and Offer for sale being ₹ Nil

When is Sadhav Shipping IPO allotment?

The IPO allotment date for Sadhav Shipping IPO is expected to be 28th February 2024, after the finalization of basis of allotment. Investors can check Sadhav Shipping IPO allotment status on the registrars website, Maashitla Securities Private Limited. Sadhav Shipping IPO refund dates are 29th February 2024.

When is Sadhav Shipping IPO listing date?

Sadhav Shipping IPO is expected to be listed on 1st March 2024.

What is the price band for Sadhav Shipping IPO?

The upper price band for the Sadhav Shipping IPO is set at ₹ 95.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Sadhav Shipping IPO Review?

For IPO analysis on Sadhav Shipping IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Sadhav Shipping IPO?

To apply for the Sadhav Shipping IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 27th February 2024. After submission, funds are blocked until the basis of allotment of Sadhav Shipping IPO is finalised.

Who is the merchant banker of Sadhav Shipping IPO?

The merchant banker for Sadhav Shipping IPO is Isk Advisors Private Limited . Isk Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Sadhav Shipping IPO RHP for further details.

Who is the Registrar of Sadhav Shipping IPO?

The registrar for Sadhav Shipping IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Sadhav Shipping IPO through their official website or helpline.

What is the Sadhav Shipping IPO subscription?

Sadhav Shipping IPO was subscribed 135.69 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: ₹ 38.18 Cr. Avg IPO Size (Sector Based) : ₹ 25.01 Cr.
  • Sector: Logistics SME IPO so far: 48
  • Merchant Banker: Isk Advisors SME IPO by BRLM so far: 9
  • City: Mumbai SME IPO so far: 280
  • Revenue (annualised): ₹ 67.72 cr.
            PAT: (annualised): ₹ 8.14 cr.
  • PE Ratio: 16.76x Average Sector PE Ratio: 15.95x
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FAQs

Sadhav Shipping IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Sadhav Shipping Financial Review Page

Sadhav Shipping IPO subscription was 135.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Sadhav Shipping IPO listed at a listing price of 141.75 against the offer price of 95.00.

The current market price of Sadhav Shipping is 94.35.

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