Check Out Sahara Maritime IPO Issue Price, Face Value

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.

Issue Price

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IPO Lot Size

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.

Company’s Earnings

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.}