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Sadhav Shipping IPO
Price Band
₹
Issue Size
₹38.18 Cr
Lot Size
1,200 shares
Min Investment
₹114,000
GMP
+₹30.0 (31.58%)
Issue Price
₹95.0
Subject to Sauda
₹27400
Paid only if allotted
Sadhav Shipping IPO AI Summary
- Sadhav Shipping IPO is listed on NSE SME in the Shipping sector.
- Subscription window: 23 Feb–27 Feb 2024, listing on 01 Mar 2024.
- Current GMP is +₹30.0 (31.58%) — unofficial and can change daily.
Sadhav Shipping Limited is set to launch its IPO with an issue price of ₹95.0. The company operates in the shipping sector with a fleet of 24 vessels and aims to utilize the funds for debt repayment, capital expenditure, and working capital. The IPO opens on February 23, 2024, and is expected to list on March 1, 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sadhav Shipping IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sadhav Shipping IPO Grey Market Premium (GMP) Today
GMP
+₹30.0
GMP %
+31.58%
Est. Listing
₹125.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 1996, Sadhav Shipping Limited owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services. The company was previously known as Homa Offshore & Shipping Company Private Limited. The company has barges that are used in coastal and inland waterway shipping for the transportation or lightering of goods. The company operates and manages Port crafts and also offers high-speed security boats for patrol services. Sadhav Shipping has three business divisions: Offshore Logistics: Exploration and production of oil and gas in offshore fields Port Services: High-speed patrol boats for ports Oil spill response: Tier 1 oil spill response equipment for ports The company has 24 ships, of which 19 are owned and 5 are leased, which are deployed in various sectors of maritime trade in India. As of March 31, 2023, the company had 421 employees.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 131.13 | 116.29 | 69.09 | 61.18 |
| Total Income | 33.86 | 78.91 | 69.78 | 61.24 |
| Profit After Tax | 4.07 | 7.75 | 3.01 | 3.31 |
| NET Worth | 45.01 | 40.94 | 35.04 | 32.06 |
| Reserves and Surplus | 42.06 | 37.99 | 32.08 | 29.10 |
| Total Borrowing | 66.82 | 55.27 | 20.83 | 17.76 |
Key Ratios
EPS
₹7.50
NAV
₹39.62
ROE
20.41%
ROCE
14.36%
RoNW
18.94%
P/B Value
2.40
P/E Ratio
12.66
Market Cap
₹136.35 Cr
PAT Margin
9.97%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sadhav Shipping Limited This IPO | 39.62 | 18.94% | 12.66 | 7.5 | 7.5 |
Promoters
Kamal Kant Biswanath Choudhury, Sadhana Choudhury, Vedant Kamal Kant Choudhury and Subhas Chandra Choudhury
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the Company 8.00 2 Part funding/ margin money of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels (Pelican Conquest) 15.50 3 Working Capital Requirement 8.00 4 General Corporate Purpose 4.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹69.78 Cr in the year ending March 31, 2022, which increased to ₹78.91 Cr by March 31, 2023. However, it dropped to ₹33.86 Cr by September 30, 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.01 Cr for the year ending March 31, 2022, rising to ₹7.75 Cr by March 31, 2023. It then decreased to ₹4.07 Cr by September 30, 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
The company's P/E ratio is 12.66, while it is priced at an implied P/E of 12.67 at the issue price, which is roughly in line with peers trading at a similar range.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing gains of an IPO. It reflects the price at which shares are expected to trade in the grey market before they are officially listed. A higher GMP suggests strong demand and potential for listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's financial health, market conditions, and individual investment goals.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and volatility. It's crucial to assess one's risk appetite before investing.
IPO Timeline, Explained
The IPO opens for subscription on February 23, 2024, and closes on February 27, 2024. Allotment of shares will be done by February 28, 2024, and the shares are expected to be listed on the stock exchange on March 1, 2024.
Listing Gains — The Risk
Listing-day gains are not guaranteed and can be influenced by various factors, including market conditions and investor sentiment. It's important to understand that while some IPOs may experience a surge in price on their listing day, others may not perform as expected.
This evaluation is generated from Sadhav Shipping's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sadhav Shipping IPO GMP today?
Sadhav Shipping IPO GMP today is +₹30.0 (31.58%). GMP is an unofficial grey-market indicator and can change daily.
When does Sadhav Shipping IPO open and close?
Sadhav Shipping IPO opens on 23 February 2024 and closes on 27 February 2024.
When does Sadhav Shipping IPO list on the stock exchange?
Sadhav Shipping IPO listed on 01 March 2024 at ₹125.0.
What is the lot size for Sadhav Shipping IPO?
The lot size for Sadhav Shipping IPO is 1200 shares, requiring a minimum investment of ₹114,000.
What is the issue price of Sadhav Shipping's IPO?
The issue price is ₹95.0.
What is the lot size for this IPO?
The lot size is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹114,000.
When is the listing date for Sadhav Shipping?
The listing date is March 1, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gains of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Feb 2024
Close
27 Feb 2024
Allotment
28 Feb 2024
Listing
01 Mar 2024
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