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IPO

IPO Synopsis
Sadhav Shipping Ltd
Registered Office: 521 5th Flr Loha Bhavan,P D Mello Road Masjit (East) , Mumbai - 400009 , Maharashtra , India.
Phone : +91-22-4000 3355   Fax:
Email :  cs@sadhav.com  
Website :  www.sadhavshipping.com
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.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Feb-24 27-Feb-24 Rs95.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  Rs Cr Lead Managers to the Issue
Project Cost 36.00
ISK Advisors Pvt Ltd
Project Financed through Current Offer 38.18  
Post Issue Equity Share Capital 14.35  
Issue Price Rs95.00  
 
Projects
Repayment/Prepayment in part of full of certain outstanding borrowings availed by the companyWorking capital requirements
Part funding of capital expenditure to purchase acquire additional boats vesselsGeneral corporate purposes
Promoted By
Kamal Kant Biswanath Choudhury
Sadhana Choudhury
Vedant Kamalnath Choudhury
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd