Sadhav Shipping Limited IPO Closed

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IPO date 23 Feb 2024 – 27 Feb 2024
Listing date 01 Mar 2024
Price range 94 – 95
Minimum order quantity 1200
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Sadhav Shipping Limited is launching its IPO. The IPO opens for subscription on 23rd February and will close on 27th February 2024.

Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on the listing.

What does Sadhav Shipping Limited do?

Incorporated in 1996, Sadhav Shipping Limited is a Mumbai-based company specializing in maritime services. Originally registered as Homa Offshore & Shipping Company Private Limited, it underwent a series of name changes and restructurings, culminating in its current public limited company status.

The company’s fleet consists of 24 vessels, comprising 19 owned and 5 leased, deployed across various sectors of maritime trade in India. Their operations are divided into three major divisions:

  • Offshore Logistics
  • Port Services
  • Oil Spill Response

They also extend critical services to major port authorities and corporations, significantly enhancing coastal and maritime logistics infrastructure. With a dedicated workforce of 421 employees as of March 31, 2023.

Schedule of  Sadhav Shipping Limited IPO

Issue Period 23rd February to 27th February 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment February 28, 2024
Initiation of Refunds February 29, 2024
Credit of Shares February 29, 2024
Date of Listing March 01, 2024
Mandate end date March 13, 2024
Anchor Investors Lock-In End Date (50% of the investment) March 29, 2024
Anchor Investors Lock-In End Date (Remaining investment) May 28, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Sadhav Shipping Limited IPO?

You can apply for the Sadhav Shipping Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Sadhav Shipping Limited IPO?

You can check the allotment status for the Sadhav Shipping Limited IPO on the website of the Registrar and Transfer agent.