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Sadhav Shipping Limited
listed
₹1.14LMin. investment
Sadhav Shipping Limited IPO Details
Issue size
₹38.18Cr
IPO type
SME
Price range
₹95.00 – ₹95.00
Lot size
1200 shares
Price range₹95.00 – ₹95.00
IPO type
SME
Lot size1200 shares
Issue size₹38.18Cr
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About Sadhav Shipping Limited
Incorporated in 1996,Sadhav Shipping Limited (SSL)- Mumbai based company with an objective to own and operate marine assets to service ports, coastal logistics and other port maritime related services. Today SSL owns and operates 24 vessels that includes 19 owned vessels and 5 rented vessels, in various sectors of maritime trade in India. Sadhav Shipping Limited was incorporated by Mr. Kamal Kant Biswanath Choudhury an alumnus of T.S. Dufferin and Master Mariner. He is also an alumni of NMIMS and a Gold Medallist Fellow of Narottam Morarjee Institute of Shipping. He worked with the Directorate General of Shipping (India) and ONGC Ltd. prior to founding the Sadhav Shipping Limited.
Sadhav Shipping Limited has developed strong customer base in the sector and is providing its services to leading companies which includes ONGC Ltd., Mumbai Port Authority, Pradip Port Authority, Bhabha Atomic Research Centre, Shipping Corporation of India, New Mangalore Port Authority, Deendayal Port Authority (Kandla/Vadinar), Jawaharlal Nehru Port Authority (JNPA ),BPCL, Gujarat Police, JSW Ports and more.
With modern Dynamic Positioning offshore fleet and dedicated on board and a shore crew SSL is committed to provide best in class services to our clients. Sadhav Shipping Limited was the first to setup and operate India’s first Port based Tier 1 Oil Spill* Response Facility Centre in Mumbai and are now operating in most of the Major Ports in India. With a sailing team of 200+ officers and crew coupled with effective and experienced shore management; we are witnessing sustainable growth year on year.
Sadhav Shipping Limited prepares for its highly anticipated Initial Public Offering (IPO), the company has meticulously outlined the strategic allocation of proceeds from the Fresh Issue to ensure optimal utilisation and sustainable growth.
- Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company,
- Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels,
- Additional Working Capital Requirement, and
- General Corporate Purpose.
Here are key details about the Sadhav Shipping Limited IPO:
| Company Name | Sadhav Shipping Limited | Sadhav Shipping Limited IPO Opening Date | February 23, 2024 | |
|---|---|---|---|---|
| Company Established On | 2011Sadhav Shipping Limited IPO Price band | ₹95 per share |
Frequently asked questions
How to invest in the Sadhav Shipping Limited ?
Investors can apply for the Sadhav Shipping Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Sadhav Shipping Limited ?
The issue size of the Sadhav Shipping Limited is 38.18 Cr.
What is 'pre-apply' for Sadhav Shipping Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Sadhav Shipping Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.