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 |
