Sadhav Shipping Limited IPO is a fixed price issue of Rs 38.18 crores. It will list on NSE SME with tentative listing date fixed as Friday, March 1, 2024.
Sadhav Shipping Limited IPO: The IPO is a fixed price issue of Rs 38.18 crores and issue is entirely a fresh issue of 40.19 lakh shares. The minimum amount of investment required by retail investors is Rs 114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 228,000.
Sadhav Shipping Limited IPO Details
| IPO Date | February 23, 2024 to February 27, 2024 |
| Face Value | Rs 10 Per Share |
| Price | Rs 95 Per Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,018,800 Shares (Aggregating up to Rs 38.18 Cr) |
| Fresh Issue | 4,018,800 Shares (Aggregating up to Rs 38.18 Cr) |
| Listing | NSE, SME |
| Share holding Pre Issue | 10,333,818 |
| Share holding Post Issue | 14,352,618 |
Sadhav Shipping Limited IPO Subscription Status: The Sadhav Shipping IPO opened for subscription on February 23, 2024 and will close on February 27, 2024.
Sadhav Shipping Limited IPO Price: The IPO have fixed price band is set Rs 95 per share.
Sadhav Shipping Limited IPO GMP: The Sadhav Shipping IPO shares are not traded in the grey market. With unlisted grey market premium (GMP) of Rs 0 for the shares of Sadhav Shipping.
Sadhav Shipping Limited IPO Lot Size: The minimum lot size for Sadhav Shipping Limited IPO is 1200 Shares.
Sadhav Shipping Limited IPO Allotment Status: The Sadhav Shipping IPO is allotment expected to be finalized on Wednesday, February 28, 2024, and it will be listing date fixed as Friday, March 1, 2024.
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Sadhav Shipping Limited IPO Time Schedule
| IPO Open Date | Friday, February 23, 2024 |
| IPO Close Date | Tuesday, February 27, 2024 |
| Basis of Allotment | Wednesday, February 28, 2024 |
| Initiation of Refunds | Thursday, February 29, 2024 |
| Credit of Shares to Demat | Thursday, February 29, 2024 |
| Listing Date | Friday, March 1, 2024 |
Sadhav Shipping Limited IPO Promoter Holding: Mr. Kamal Kant Biswanath Choudhury, Mrs Sadhana Choudhury, Mr. Vedant Kamal Kant Choudhury, and Mr. Subhas Chandra Choudhury are the promoters of the company.
- Share Holding Pre Issue: 96.44%
- Share Holding Post Issue: 69.44%
Sadhav Shipping Limited IPO Review:
- SSL is engaged in operating marine assets and related services including logistics.
- It posted steady growth in its bottom line except for FY22 which marked impact of the Pandemic.
- Based on FY24 annualized earnings, the issue appears fully priced.
- Major port and logistics related services is on the rise, this augurs well for this company.
- Investors may grab this bet for medium to long term rewards.
Sadhav Shipping Limited IPO Buy or Not:
- Brokers 1: Subscribe 1
- Members: Subscribe 0
• Disclaimer: The above article is meant for informational purposes only, any investment stock market & mutual fund please advice financial expert.
