Sadhav Shipping Limited
Sadhav Shipping Limited was incorporated in 1996 and operates to support coastal logistics and ports and provides other port-maritime-related services. Earlier, the company was called ‘Homa Offshore & Shipping Company Private Limited’.
The company has barges that are used in inland and coastal waterway shipping for transportation or lighter commodities. The company also offers high-speed boats for patrol services and operates and manages Port Crafts.
Sadhav Shipping has these business divisions:
- Offshore Logistics: The production of oil and gas in offshore fields.
- Port Services: It includes high-speed patrol boats for ports.
Objectives of an IPO
- To meet the common corporate purpose.
- Requirement of extra working capital
- Repayment of borrowings (full or some part of debt)
- Acquire additional boats or vessels.
IPO Details
|
IPO Opening date |
23 February, 2024 |
|
IPO Closing date |
27 February, 2024 |
|
Listing Date |
– |
|
Face value |
Rs. 10 each share |
|
Price |
Rs. 95 each share |
|
Lot shares |
1200 shares |
|
Total issue size |
4,018,800 shares |
|
Fresh issue |
4,018,800 shares |
|
Listing At |
NSE SME |
|
Issue Type |
Fixed Price Issue |
Company Financial Statement (Amount in lakhs)
|
Period Ended |
31 Mar 2021 |
31 Mar 2022 |
31 Mar 2023 |
|
Assets |
6,117.64 |
6,909.44 |
11,628.71 |
|
Total Borrowing |
1,776.04 |
2,083.08 |
5,527.45 |
|
Revenue |
6,123.67 |
6,977.94 |
7,890.59 |
|
Profit After Tax |
330.77 |
300.93 |
775.44 |
|
Reserves and Surplus |
2,910.36 |
3,208.26 |
3,799.21 |
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