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IPO Synopsis

Sadhav Shipping Ltd
  • Registered Office: 521 5th Flr Loha Bhavan,P D Mello Road Masjit (East), Mumbai - 400009, Maharashtra, India.
  • Phone : +91-22-4000 3355   Fax:
  • Email : cs@sadhav.com
  • Website :www.sadhavshipping.com
Initial public offer of upto 40,18,800 equity shares of face value of Rs. 10 each ("Equity Shares") of Sadhav Shipping Limited (the "Company" or "SSL" or "The Issuer") for cash at a price of Rs. 95 per share (including a share premium of Rs. 85 per equity share) (the "Issue Price"), aggregating to Rs. 38.18 crores ("The Issue"), of which upto 2,02,800 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 38,16,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.00% and 26.59%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 9.5 times of the face value.
Issue
Opens On Closes On
23-Feb-24 27-Feb-24
Money Payable On
Application Allotment
95.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 36.00 ISK Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 38.18  
Post Issue Equity Share Capital (.Cr) 14.35
Issue Price () 95.00
Projects
Repayment/Prepayment in part of full of certain outstanding borrowings availed by the company
Part funding of capital expenditure to purchase acquire additional boats vessels
Working capital requirements
General corporate purposes
Promoted By
Kamal Kant Biswanath Choudhury
Sadhana Choudhury
Vedant Kamalnath Choudhury
Listing At
NSE - SME
Registrar to the Issue
No Data Available
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