Sadhav Shipping Limited

About the company

## **About  Sadhav Shipping Limited** Incorporated in 1996,Sadhav Shipping Limited (SSL)- Mumbai based company with an objective to own and operate marine assets to service ports, coastal logistics and other port maritime related services. Today SSL owns and operates 24 vessels that includes 19 owned vessels and 5 rented vessels, in various sectors of maritime trade in India. Sadhav Shipping Limited was incorporated by Mr. Kamal Kant Biswanath Choudhury an alumnus of T.S. Dufferin and Master Mariner. He is also an alumni of NMIMS and a Gold Medallist Fellow of Narottam Morarjee Institute of Shipping. He worked with the Directorate General of Shipping (India) and ONGC Ltd. prior to founding the Sadhav Shipping Limited. Sadhav Shipping Limited has developed strong customer base in the sector and is providing its services to leading companies which includes ONGC Ltd., Mumbai Port Authority, Pradip Port Authority, Bhabha Atomic Research Centre, Shipping Corporation of India, New Mangalore Port Authority, Deendayal Port Authority (Kandla/Vadinar), Jawaharlal Nehru Port Authority (JNPA ),BPCL, Gujarat Police, JSW Ports and more. With modern Dynamic Positioning offshore fleet and dedicated on board and a shore crew SSL is committed to provide best in class services to our clients. Sadhav Shipping Limited was the first to setup and operate India’s first Port based Tier 1 Oil Spill* Response Facility Centre in Mumbai and are now operating in most of the Major Ports in India. With a sailing team of 200+ officers and crew coupled with effective and experienced shore management; we are witnessing sustainable growth year on year. Sadhav Shipping Limited  prepares for its highly anticipated Initial Public Offering (IPO), the company has meticulously outlined the strategic allocation of proceeds from the Fresh Issue to ensure optimal utilisation and sustainable growth. 1. Repayment / Prepayment, in part or full of certain outstanding borrowings availed by the company, 1. Part funding of Capital Expenditure to Purchase/ Acquire additional Boats/ vessels, 1. Additional Working Capital Requirement, and 1. General Corporate Purpose.     Here are key details about the Sadhav Shipping Limited IPO: Company Name| **Sadhav Shipping Limited**|  | Sadhav Shipping Limited IPO Opening Date| **February 23, 2024** ---|---|---|---|--- Company Established On|**2011**Sadhav Shipping Limited IPO Price band|**₹95 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   23 Feb 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Feb 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   25 Feb 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Feb 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   28 Feb 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   01 Mar 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.