Sahara Maritime IPO will open for subscription from 18 December 2023. The company aims for an issue size of ₹6.88 Cr through this IPO.
Company Overview
| Full name | Sahara Maritime Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://www.saharamaritime.com/ |
About Company
Sahara Maritime is a non-governmental organization specializing in offering transportation, storage, and communication services for maritime requirements. The company provides a comprehensive range of freight-related services to its customers, coupled with additional transport management support. Furthermore, it has formed informal collaborations with various intermediaries to deliver supplementary services, including transportation, multimodal transportation, project cargo handling, third-party logistics, packaging, loading/unloading, and item unpacking. As of 30 September 2023, Sahara Maritime employs approximately 52 individuals. Sahara Maritime provides the following services:
- Freight Forwarding: The company offers sea freight forwarding services, handling the booking of space for export consignments and managing all the shipping requirements for its customers. The company is involved in two types of sea delivery services, namely: (i) Less Than Container Load (LCL), and (ii) Full Container Load (FCL).
- Warehousing: As part of its services, the company has secured a warehouse facility to streamline warehousing processes and minimize administrative time.
- Multimodal transportation: Multimodal transport services form an effective chain that seamlessly connects various modes of transportation, including sea and land, into a unified process. This ensures the efficient and cost-effective movement of goods from door to door, all under a single roof.
- Allied logistics services: The company takes on the handling of heavy shipment equipment, shipment chartering, and other services like door-to-door delivery, cargo handling, and packing, among others. Door-to-door delivery streamlines logistics management, while cargo services address the specific needs of transporting items.
The Objectives of the Issue
- Funding of capital expenditure requirements of the Company towards purchase of: (i) commercial vehicles; and (ii) Office Equipment’s
- Working capital requirements
- General Corporate Purposes
Sahara Maritime IPO Timetable
| IPO Opening date | 18 December 2023 |
| IPO Closing | 20 December 2023 |
| Basis of Allotment | 21 December 2023 |
| Initiation Refund | 22 December 2023 |
| Credit to Demat Account | 22 December 2023 |
| Listing Date | 26 December 2023 |
Sahara Maritime IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹6.88 Cr – 849,600 shares |
| Fresh Issue | ₹6.88 Cr – 849,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹81 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 43,200 shares |
| Shareholding pre-issue | 2,221,050 |
| Shareholding post-issue | 3,070,650 |
| Listing Exchange | BSE SME |
Sahara Maritime IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| HNI (Min) | 2 | 3,200 | ₹259,200 |
Sahara Maritime IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Sahara Maritime Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 1,018.30 | 2,104.23 | 2,609.95 | 525.49 |
| Expenses | 930.08 | 2,033.58 | 2,443.700 | 530.59 |
| Net income | 64.78 | 52.35 | 120.74 | 1.04 |
Sahara Maritime Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.22 | 2.60 | 5.44 |
| PE ratio | – | – | 15.03 |
| RONW (%) | 20.67 | 14.32 | 22.76 |
| NAV | 15.59 | 18.19 | 23.90 |
| EBITDA (%) | 10.67 | 3.96 | 7.64 |
| ROCE (%) | 30.33 | 19.88 | 32.77 |
| Debt/Equity | 0.12 | 0.03 | 0.33 |
Company Promoters
- Mr. Sohrab Rustom Sayed
- Mr. Nadeem Aboobakar Hira.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.32% |
Sahara Maritime IPO Lead Manager(s)
SWARAJ SHARES AND SECURITIES PRIVATE LIMITED
304, A Wing, 215 Atrium Near Courtyard Marriot,
Andheri Kurla Road, Andheri East, Mumbai – 400093
Maharashtra, India
Phone: +91-22-6964-9999
Email: compliance@swarajshares.com
Website: www.swarajshares.com
Sahara Maritime Registrar
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol, Andheri East, Mumbai – 400 059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Sahara Maritime Contact Details
SAHARA MARITIME LIMITED
105, 106, 108, Floor-1, Plot-142, Plaza Shopping Centre,
Sheriff Devji Street, Chakala Market Mandvi,
Mumbai– 400 003, Maharashtra
Phone: 022-2347 9362
E-mail: info@saharamaritime.com
Website: www.saharamaritime.com
Sahara Maritime IPO Allotment Status
Sahara Maritime IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Sahara Maritime IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
