| Sadhav Shipping Ltd |
|---|
| Registered Office: 521 5th Flr Loha Bhavan, P D Mello Road Masjit (East), Mumbai - 400009, Maharashtra |
| Phone: +91-22-4000 3355 |
| 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 | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 23-Feb-2024 | 27-Feb-2024 | ₹ 95.00 | ₹ 0.00 |
| Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0 | ||
|---|---|---|
| (₹)Cr. | Lead Managers to the Issue | |
| Project Cost | 36.00 | ISK Advisors Pvt Ltd |
| Project Financed through Current Offer | 38.18 | |
| Post Issue Equity Share Capital | 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 |
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| Kamal Kant Biswanath Choudhury |
| Sadhana Choudhury |
| Vedant Kamalnath Choudhury |
| Listing At |
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| NSE - SME |
| Registrar to the Issue |
|---|
