Check Out Sahara Maritime IPO Issue Price, Face Value
by Sandip Das on 18 December 2023, 4 min read
Sahara Maritime, a non-governmental organization specializing in providing transportation, storage, and communication services for maritime needs, has initiated its IPO, which commenced today and is scheduled to conclude on December 20, 2023.
The company offers an extensive array of freight-related services to its clientele, accompanied by additional transport management support. Additionally, Sahara Maritime has established informal partnerships with various intermediaries to provide supplementary services, encompassing transportation, multimodal transportation, project cargo handling, third-party logistics, packaging, loading/unloading, and item unpacking.
Sahara Maritime IPO Details
December 18-20, 2023
Rs 81 per share
Offer for Sale
Total IPO Size
8,49,600 (Total- Rs 6.88 crore)
1,600 Shares (Rs 1,29,600)
Rs 10 per Share
The IPO issue price stands at Rs 81 per share, having a face value of Rs 10. The allocation designates 50 percent for the retail portion, with the remaining 50 percent allocated to the NII (Non-Institutional Investors) portion.
Retail investors need to bid for a minimum lot size of 1600 shares, requiring a minimum investment of Rs 1,29,600. For High Net Worth Individuals (HNI), the minimum lot size investment comprises two lots, totaling Rs 2,59,200.
Objective of the Issue
The company plans to allocate Rs 32.68 lakhs of the net proceeds for funding capital expenditure related to the purchase of commercial vehicles and office equipment.
A portion of the net proceeds, totaling Rs 4.13 lakhs, will be allocated to acquiring new trucks, aimed at enhancing revenue generation from freight, handling, agency, and other related charges.
Furthermore, Rs 483.70 lakhs from the net proceeds will be allocated to meet working capital requirements. Additionally, a segment of the funds will be designated for general corporate purposes.
For the period ending on September 30, 2023, the company’s total income amounted to Rs 531.99 lakhs, with revenue from operations specifically at Rs 525.49 lakhs.
Furthermore, there was a 24.03% increase in Revenue from Operations, which rose to Rs 2,609.95 lakhs for FY 2023 from Rs 2,104.23 lakhs recorded in FY 2022.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.
How useful was this post?
Click on a star to rate it!
Average rating 0 / 5. Vote count: 0
No votes so far! Be the first to rate this post.
Spread the love
Open Free Demat Account!
In just a few minutes, Simply provide some basic personal details, to get started.
As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in the securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educational material in the form of text and videos, so as to become an informed investor.