31 Mar 2021
Assets61.18
Total Income61.24
Profit After Tax3.31
NET Worth32.06
Reserves and Surplus29.10
Total Borrowing17.76
At a glance
Updated 2026-09-15The shares listed at ₹135.00, a 42.11% move from the issue price. Sadhav Shipping is a SME IPO with an issue size of ₹38.18 crore, proposed for listing on NSE SME. The offer opens on 23rd Feb 2024 and closes on 27th Feb 2024. The issue structure includes a fresh issue of ₹36.25 crore. The current listing schedule points to 1st Mar 2024.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹38.18 Cr
Fresh issue₹36.25 Cr
Face value₹10
Price band—–—
Allotment28th Feb 2024
Listing1st Mar 2024
Listing performance
Full performance ↗Issue price₹95.00
Listing price₹135.00
Current price—
Listing gain42.11%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹30.00
GMP / upper priceNO DATA
Est. listing₹125.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Feb 2024
Closes27th Feb 2024
Allotment28th Feb 2024
Refund29th Feb 2024
Demat29th Feb 2024
Listing1st Mar 2024
Subscription demand
Full bidding ↗Total135.69×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | — |
Company
Incorporated1996
Use of proceeds
| Object | Amount |
|---|---|
| Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the Company | ₹8.00 Cr |
| Part funding/ margin money of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels (Pelican Conquest) | ₹15.50 Cr |
| Working Capital Requirement | ₹8.00 Cr |
| General Corporate Purpose | ₹4.50 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue33.86₹ Cr · -57.1% vs prior year
PAT4.07₹ Cr · -47.5% vs prior year
Assets131.13₹ Cr · +12.8% vs prior year
Net Worth45.01₹ Cr · +9.9% vs prior year
Borrowing66.82₹ Cr · +20.9% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets69.09
Total Income69.78
Profit After Tax3.01
NET Worth35.04
Reserves and Surplus32.08
Total Borrowing20.83
31 Mar 2023
Assets116.29
Total Income78.91
Profit After Tax7.75
NET Worth40.94
Reserves and Surplus37.99
Total Borrowing55.27
30 Sep 2023
Assets131.13
Total Income33.86
Profit After Tax4.07
NET Worth45.01
Reserves and Surplus42.06
Total Borrowing66.82
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| RoNW |
| PAT Margin |
| Price to Book Value |
Valuation & shareholding
Pre-IPO EPS7.50
Post-IPO EPS5.67
Pre-IPO P/E12.66
Post-IPO P/E16.75
Promoter holding pre96.44%
Promoter holding post69.44%
Market cap₹136.35 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Sadhav Shipping IPO | — | 16.76 x | — | — |
| Apana Logistics IPO | — | 17.91 x | — | — |
| Sampark India IPO | — | 11.86 x | — | — |
| Global Ocean IPO | — | 16.53 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, underwriters and other out of pocket expenses. | ₹0.40 Cr |
| Brokerage and selling commission (2)(3)(4) | ₹0.04 Cr |
| Printing & Stationery, Distribution, Postage, etc. | ₹0.03 Cr |
| Advertisement and Marketing Expenses | ₹0.12 Cr |
| Stock Exchange Fees, Regulatory and other Expenses | ₹0.04 Cr |
| Underwriting | ₹1.55 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- ISK Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-15.
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