Sahara Maritime was incorporated on 6 March 2009. The company offers its customers a comprehensive range of freight-related services, along with ancillary transport management. Additionally, it has established informal partnerships with various intermediaries to provide ancillary services such as transportation, multimodal transportation, project cargo handling, third-party logistics, and packaging, as well as loading/unloading and unpacking of items.
| Bidding Dates |
|---|
| 18 Dec 2023 - 20 Dec 2023 |
| Subscription |
|---|
| 21.57x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,600 | 1 | 1 | 1600 | 849.6 K | ₹81 | 72.33 % | ₹68.8 M | RHP DOC |
Sahara Maritime IPO SUBSCRIPTION STATUS
20 Dec '23Sahara Maritime IPO overall subscription rate was 21.57 times the total available shares
Sahara Maritime IPO retail subscription rate was 34.5 times in the retail segment
Sahara Maritime IPO non-institutional investor subscription rate was 8.64 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Dec 2023 (Day 3) | 34.5x | 8.64x | - |
19 Dec 2023 (Day 2) | 10.49x | 1.51x | - |
18 Dec 2023 (Day 1) | 2.84x | 0.79x | - |
Sahara Maritime FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 0.1 | 52.5 | 8.1 | 5.6 | 7.0% |
| FY23 | 12.1 | 261.0 | 3.6 | -15.2 | 7.6% |
| FY22 | 5.2 | 210.4 | 4.5 | 4.0 | 4.0% |
| FY21 | 6.5 | 101.8 | 2.6 | 2.6 | 10.7% |
Sahara Maritime IPO SUBSCRIPTION STATUS DETAILS
Sahara Maritime had 849.6 K shares on offer
Sahara Maritime IPO offer price was ₹81
Sahara Maritime IPO minimum Investment was ₹129600
Sahara Maritime IPO issue size was ₹ 68.8 M
Sahara Maritime had a minimum lot size of 1600 Shares per application
Sahara Maritime NUMBER OF SHARES ON OFFER
Sahara Maritime IPO IMPORTANT DATES
| Issue Open Date | 18 Dec 2023 |
| Issue close Date | 20 Dec 2023 |
| Allotment Date | 21 Dec 2023 |
| Refund Date | 22 Dec 2023 |
| Demat Account Credit Date | 22 Dec 2023 |
| Listing Date | 26 Dec 2023 |
| Listing on Exchange(s) | BSE |
| Sahara Maritime Allotment Status | Exchange |
Sahara Maritime IPO subscription opened on 18 Dec 2023, and closed on 20 Dec 2023
IPO allotment for Sahara Maritime was finalized on Thursday, 21 Dec 2023
IPO listing for Sahara Maritime was on BSE on Tuesday, 26 Dec 2023
Sahara Maritime IPO LISTING GAINS
| Issue Price (adjusted) | 81.0 |
| Listing Open Price | 81.0 |
| Listing Close Price | 81.2 |
| Listing Gain% | 0.0% |
| Current Gain% | -71.6% |
Sahara Maritime Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sahara Maritime Ltd. | 23 | 7.1 | 9.1 | 0 | 0.4 | 6.2 | 5.6 | 18.3 | -27.6 | 0.8 | 229.4 | 2.5 | 229.4 |
| BlackBuck Ltd. | 577.6 | 10521.9 | 62.3 | 0 | 14.8 | 11.3 | 9.2 | 714.6 | 54.5 | 160.3 | 1952.6 | 9.3 | 4749.2 |
| TVS Supply Chain Solutions Ltd. | 133.8 | 5903.1 | 51.7 | 0.1 | 0.5 | 5.6 | 1.6 | 11040.8 | 10.1 | 114.3 | 940.9 | 2.6 | 940.9 |
| Sanghvi Movers Ltd. | 488.4 | 4228.4 | 21.2 | 1.1 | 3.6 | 14.1 | 7.9 | 1099.6 | 33.6 | 184.3 | 17.7 | 23 | 19.8 |
| Kernex Microsystems (India) Ltd. | 2451.8 | 4119.9 | 46.6 | 0.6 | 9.6 | 35.6 | 9.6 | 432.5 | 126.2 | 88.3 | 75.8 | 52.6 | 75.8 |
| TIL Ltd. | 232.1 | 1843.4 | -59.9 | 0.1 | 5.7 | -27.7 | -4.5 | 337.4 | -1.7 | -30.8 | -1175.9 | -3.9 | -1175.9 |
Sahara Maritime INFORMATION ON IPO ISSUE
About Sahara Maritime
Sahara Maritime was incorporated on 6 March 2009. The company offers its customers a comprehensive range of freight-related services, along with ancillary transport management. Additionally, it has established informal partnerships with various intermediaries to provide ancillary services such as transportation, multimodal transportation, project cargo handling, third-party logistics, and packaging, as well as loading/unloading and unpacking of items.
Object of the Issue
- Funding of capital expenditure requirements of the company towards the purchase of commercial vehicles and office equipment
- Working capital requirements
- General corporate purposes
Sahara Maritime - PROMOTERS
| Name |
|---|
| Sohrab Rustom Sayed |
| Nadeem Aboobakar Hira |
Sahara Maritime Lead Manager of the Issue
Swaraj Shares and Securities Private Limited
compliance@swarajshares.com
Sahara Maritime Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Sahara Maritime Strengths
Diversified revenue sources
The company offers a range of logistics and related services, making it a one-stop logistics solution for customers exporting their products
Smooth flow of operations
The company has built a strong client base for its business. Its existing relationships help it secure repeat business from customers, aiding in maintaining working relationships with them
Asset-light business model
The company operates primarily on an "asset-light" business model, enabling it to offer a variety of flexible, scalable solutions and services based on its clients' requirements, and to handle complexities unique to the Indian logistics industry
Sahara Maritime Risks
Outstanding litigations
There are outstanding litigations pending against the directors, promoters, and group companies, which, if resolved adversely, could affect the operations
Dependent on intermediaries
The company depends on intermediaries for logistics, transport management, freight-related services, etc., for carrying out its business operations. Termination of these arrangements may adversely affect the business
Geographically concentrated
The company generates its entire sales from operations within Maharashtra. Any adverse developments affecting operations in this region could have a negative impact on the business
IPO FAQs
The promoters of the company are Sohrab Rustom Sayed and Nadeem Aboobakar Hira.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 81.0 - 81.0.
The IPO application opens on Dec 18, 2023 and closes on Dec 20, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 129,600.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Dec 21, 2023.
The refund will be credited to your account on Dec 22, 2023.
The allotted shares will be credited to your demat on Dec 22, 2023.
Sahara Maritime Ltd.’s shares listed on the stock exchanges on Dec 26, 2023.