
Emerging SME Services · NSE
Incorporated in 1996, Sadhav Shipping Limited specializes in marine asset operations, offering services in ports, coastal logistics, and other maritime-related sectors. The company owns and operates barges for coastal and inland waterway shipping, manages port crafts, and provides high-speed security boats for patrol services. Sadhav Shipping operates through three key business divisions: Offshore Logistics, supporting oil and gas exploration; Port Services, offering high-speed patrol boats for port security; and Oil Spill Response, providing Tier 1 oil spill response equipment for ports. With a fleet of 24 ships—19 owned and 5 leased—the company plays a vital role in India's maritime trade. As of March 31, 2023, Sadhav Shipping Limited employed 421 personnel, ensuring smooth operations across its various service offerings.
Price Band
₹95
Issue Size
₹38.18 Cr
Lot Size
1200 shares
GMP
+31.6%
Est. Listing
₹125
at current GMP
Subscribed
125.10x
overall
Open
23 Feb 2024
Close
27 Feb 2024
Allotment
28 Feb 2024
Refund
29 Feb 2024
Demat Credit
1 Mar 2024
Listing
1 Mar 2024
Overall Subscription
125.10x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
184.69x
High Net-Worth
Retail (RII)
65.52x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,908,000 | 352,389,600 | 184.69x |
| RETAIL | 1,908,000 | 125,007,600 | 65.52x |
| Total | 3,816,000 | 477,397,200 | 125.10x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,172 | 76,789 | 65.52x |
| HNIs (10L +) | 7 | 1,293 | 184.69x |
| HNIs (2-10L) | 36 | 6,649 | 184.69x |
| Total Applications | 1,215 | 84,731 | 69.74x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Sadhav Shipping Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹38.18 Crores. The shares are offered at a price band of ₹95 to ₹95 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-02-27, the basis of allotment is scheduled to be finalized on 2024-02-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Sadhav Shipping Limited IPO is ₹30 per equity share. Based on the upper price band of ₹95 to ₹95 per equity share, the estimated listing price is ₹125 (+31.6% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹30, the expected profit per application lot is approx ₹36,000 (+31.6% gain). Minimum application cost is approx ₹1,14,000.
The Sadhav Shipping Limited IPO aggregate issue size is ₹38.18 Crores with an equity price band set at ₹95 to ₹95 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,14,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 125.10x (Retail: 65.52x, QIB: 0.00x, NII: 184.69x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2024-02-28. Investors can verify status using PAN card or application number.
Sadhav Shipping Limited shares are scheduled to list on NSE on 2024-03-01.