Sadhav Shipping IPO GMP Day 4, Allotment Date, Price Range, Review Details

News: Sadhav Shipping Limited, a company that owns and operates marine assets for port services and coastal logistics, is all set to launch its Initial Public Offering (IPO). Let’s dive into the details!

What Is an IPO?

An IPO, or Initial Public Offering, is when a company decides to sell its shares to the public for the first time. It’s like inviting everyone to become a part-owner of the company by buying its shares.

Sadhav Shipping IPO Details

1. Issue Size: The Sadhav Shipping IPO is a fixed price issue with a total value of ₹38.18 crores.

2. Fresh Issue: The entire IPO consists of 40.19 lakh fresh shares.

3. Subscription Dates: You can subscribe to the IPO from February 23, 2024, until February 27, 2024.

4. Allotment Date: The allotment of shares is expected to be finalized on Wednesday, February 28, 2024.

5. Listing Date: Sadhav Shipping IPO will be listed on the NSE SME with a tentative listing date of Friday, March 1, 2024.

6. Issue Price: Each share is priced at ₹95.

7. Minimum Investment:

• Retail Investors: You can apply for a minimum of 1200 shares, which requires an investment of ₹1,14,000.
• High Net Worth Individuals (HNI): The minimum investment for HNIs is 2 lots (2400 shares), amounting to ₹2,28,000.

Reservation Details

1. Retail Investors: Retail investors are offered 47.48% of the total shares.

2. HNIs: HNIs also receive 47.48% of the shares.

3. Market Makers: The market maker portion is 5.05%.

4. Anchor Investors: Anchor investors are also part of the offering.

Promoters and Shareholding

1. The promoters of Sadhav Shipping Limited are Mr. Kamal Kant Biswanath Choudhury, Mrs. Sadhana Choudhury, Mr. Vedant Kamal Kant Choudhury, and Mr. Subhas Chandra Choudhury.

2. Before the IPO, they held 96.44% of the shares. After the IPO, their shareholding will be 69.44%.

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Timeline (Tentative)

• February 23, 2024: IPO opens for subscription.
• February 27, 2024: IPO closes.
• February 28, 2024: Basis of allotment.
• February 29, 2024: Refunds initiated.
• February 29, 2024: Shares credited to demat accounts.
• March 1, 2024: Listing date.

If you’re interested in investing in Sadhav Shipping and becoming a part of its growth journey, consider participating in the IPO. Remember, investing in the stock market involves risks, so make informed decisions.

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FAQs

Q: What’s the deal with Sadhav Shipping IPO?

A: Sadhav Shipping IPO is when Sadhav Shipping, a big shot in Indian Marine Logistics, decides to let the public in on its shares for the first time.

Q: When did this Sadhav Shipping IPO show begin?

A: The Sadhav Shipping IPO kicked off on February 23, 2024.

Q: So, how can folks get in on the Sadhav Shipping IPO action?

A: If you’re keen, just subscribe to the shares through BSE or NSE. Easy as pie!