Sadhav Shipping Ltd IPO GMP: The initial public offering (IPO) of Sadhav Shipping Ltd, a provider of marine asset services and operations, opened for subscription on Friday. The five-day subscription window will remain open till February 27. This small and medium enterprise (SME) sector IPO seeks to raise Rs 38.18 crore through a fixed price issue, offering 40.19 lakh shares entirely as a fresh issuance.
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Sadhav Shipping IPO Price Band, Lot Size
The IPO’s price per share is fixed at Rs 95. The offer allows investors to bid for a minimum of 1200 shares, with subsequent bids in multiples of this number. For retail investors, the entry-level investment stands at Rs 1,14,000.
Sadhav Shipping IPO GMP
As of Friday morning, Sadhav Shipping IPO equities were not being traded in the grey market, with several unlisted market observers indicating a grey market premium (GMP) of Rs 0 for the shares of Sadhav Shipping.
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Sadhav Shipping IPO Allotment Date
The allotment of shares for the Sadhav Shipping IPO is anticipated to be completed by Wednesday, February 28, 2024.
Sadhav Shipping IPO Listing Date
The expected date for Sadhav Shipping IPO to start trading on the National Stock Exchange’s (NSE) SME platform is March 1.
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About Sadhav Shipping Ltd
Sadhav Shipping Ltd specialises in the ownership and operation of marine assets, providing services to ports, coastal logistics, and other maritime-related activities. Formerly known as Homa Offshore & Shipping Company Private Limited, Sadhav Shipping aims to apply the net proceeds from the IPO towards the repayment or prepayment of certain debts, partially finance the capital expenditure for new boats/vessels, cover additional working capital needs, and for general corporate uses.
