Categories: BusinessNews

Applications for Sadhav Shipping Ltd IPO start from today

Sadhav Shipping Ltd IPO: Today the IPO of a company related to marine services has opened for subscription in the market. You can apply for this IPO of Sadhav Shipping Limited till 27th February. The company is trying to collect Rs 38.18 crore through this IPO. This is a fresh issue of completely 40.19 lakh shares. The company has fixed the price band of its shares at Rs 95. The company’s shares are going to be listed on the SME Board of the National Stock Exchange. The company has reserved 50 percent of the issue for retail investors and the remaining 50 percent for other investors. The company had performed well in the last financial year.

Read Also: Now Aadhaar update will be necessary in NPS account also, otherwise login will be closed.

what does the company do

Sadhav Shipping Limited provides marine services. The company was earlier known as Homa Offshore and Shipping Company Private Limited. The company owns small boats that are used in coastal and inland waterway shipping for the transportation of goods or for lightening. The company operates and manages port craft. The company also has a high speed boat. It is used in patrolling. The promoters of the company are Kamal Kant Biswanath Choudhary, Sadhana Choudhary, Vedanta Kamal Kant Choudhary and Subhash Chandra Choudhary. The revenue of Sadhav Shipping Limited has increased by 13.08% between the year 2022-23. The company’s profit after tax (PAT) increased by 157.68%.

How much will have to be invested

Retail investors will have to bid in at least one lot. There are 1200 shares in one lot i.e. at least Rs 114,000 will have to be invested. The minimum lot size investment for HNI is 2 lots i.e. 2,400 shares. This means that they will have to invest at least Rs 228,000.

When will the shares be allotted?

The allotment of shares of Sadhav Shipping IPO is expected to take place on February 28.

When will the listing happen?

Sadhav Shipping IPO will be listed on NSE SME and the tentative listing date will be set for Friday, March 1.

what is gmp

There is currently no premium or discount on IPO shares.


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