New Delhi: Sadhav Shipping Limited (SSL), key participant in diverse segments of the Indian Maritime area, on Tuesday mentioned that it plans to come back out with its Initial Public Offering (IPO) on 23 February. The Sadhav Shipping Limited comprising 40,18,800 fairness shares will include face worth of Rs 10 every for money at a premium of Rs 85, aggregating to Rs 38.18-crore.
The firm intends to utilise the proceeds of the difficulty to buy extra vessels to cater to its business necessities.
Here are key factors about Sadhav Shipping Limited IPO
– Sadhav Shipping Limited IPO opens for public subscription on Friday, February 23, 2024. The IPO will shut on Tuesday, February 27, 2024.
– Sadhav Shipping Limited IPO problem value fastened at Rs 95.
– The retail quota contains 50 per cent of the online problem.
– Market Makers have reserved 2,02,800 fairness shares, leaving a web problem of 38,16,000 shares to the general public.
– The Issue and Net Issue represent 28% and 26.59%, respectively, of the post-issue paid-up fairness share capital.
For the monetary 12 months ended March 31, 2023, the corporate clocked a Profit After Tax (PAT) of Rs 7.75-crore on a income of Rs 77.81-crore. For the monetary 12 months ended March 31, 2022, the corporate had clocked a income of Rs 69.55-crore. As of September 2023, the corporate has earned a PAT of Rs 4.07 crore on a income of Rs 33.69 crore for FY 24.
Source: zeenews.india.com
