IPO Issue Details
Issue Price / Price Band₹81 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size8,49,600 shares (aggregating up to ₹6.88 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 18 Dec 2023
Subscription CloseWed, 20 Dec 2023
Anchor AllotmentSun, 17 Dec 2023
Basis of AllotmentThu, 21 Dec 2023
Initiation of RefundsFri, 22 Dec 2023
Credit of Shares to DematFri, 22 Dec 2023
Listing DateTue, 26 Dec 2023
UPI Mandate Deadline2023-12-20
Application & Investment Details
Retail — Min (1 Lots)₹1,29,600 — 1,600 shares
Retail — Max (13 Lots)₹1,684,800 (13 Lots)
HNI — Min (2 Lots)₹2,59,200 — 3,200 shares
EPS (Pre-IPO)₹5.44
P/E Ratio (Pre-IPO)15.03x
Net Offer to Public8,06,400 shares (aggregating up to ₹6.53 Cr)
Reserved for Market Maker43,200 shares (aggregating up to ₹0.3499 Cr)
Pre-IPO Promoter Holding22,21,050 shares
Post-IPO Promoter Holding30,70,650 shares
About Sahara Maritime Ltd
Incorporated in 2009, Sahara Maritime Limited is a non-governmental organization that provides transportation, storage and communication services for maritime needs. The company offers a range of freight services to its clients, which includes transportation management. The company has partnered with various intermediaries to provide additional services such as multimodal transportation, project cargo handling, third party logistics, packing, loading and unloading of items. Sahara Maritime's services include the followingFreight Forwarding: The company offers sea freight forwarding services, including booking space for export shipments and organizing all shipping requirements for customers.Warehousing: As part of its services, the company has leased a warehouse facility to facilitate warehousing and reduce administration time.Multimodal transportation: The multimodal transportation services offered by the company are a reliable and efficient way of combining different modes of transport, such as sea and land transport, into one overall process. This ensures that goods are transported cost-efficiently from door to door - all under one roof.Allied logistics services: The company offers a range of services, including handling heavy transportation equipment, chartering shipments, door-to-door deliveries, freight handling and packaging. The door-to-door delivery service facilitates logistics management, while the freight service caters to the special transportation requirements of goods.The company works on asset light model that reduces the risk of operation cost such as fuel costs, maintenance costs and depreciation and capital expenditure.
Objects of the Issue
Sahara Maritime Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of capital expenditure requirements of the Company towards purchase of: (i) commercial vehicles; and (ii) Office Equipment's
2
Working capital requirements
3
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
22,21,050 shares
Post-IPO Promoter Holding
30,70,650 shares