Sadhav Shipping Limited IPO (Sadhav Shipping IPO) Detail

📌GUNAVANTH KUMAR HUF bought 99,600 shares of Sadhav Shipping ltd at avg Rs.135 😮🔥       
▪️LAROIA MONA also bought 3,00,000 shares at avg Rs.135✅      

▪️Sadhav shipping ltd was the first to setup and operate India's first Port based Tier 1 Oil Spill Response Facility Centre in Mumbai and are now operating in most of the Major Ports in India.🔥

➡️Clients🔥:- ONGC, Bhabha Atomic Research Centre(BARC), Mumbai Port Authority, Gujarat Police, Paradip Port Authority, Shipping Corporation of India, New Mangalore Port Authority, Deendayal Port Authority , Jawaharlal Nehru Port Authority, BPCL, JSW Ports and more.✅🚀

▪️With multi-fold investments in the offshore oil & gas sector and port sector, on a macro level, Sadhav's business is bound to grow.🚀💫

📌📌 ➡️ ➡️
▪️Incorporated in 1996, Sadhav Shipping Limited✅ owns and operates marine assets to service ports and coastal logistics, and provides other port maritime-related services.

▪️Sadhav Shipping has 3 business divisions:-

1)Offshore Logistics: Exploration and production of oil and gas in offshore fields.(50% Revenue✅)

2)Port Services: Serving Major Ports of India with specialised High Speed Security Boats, Mooring Personnel, Survey Boats etc.(32% Rev✅)

3)Oil spill response: Tier 1 oil spill response equipment for ports.(18% Rev✅)

📍According to the management, SSL is one of the few company that has specialized in oil spill response segment and it is turning a game changer.💫

▪️They are now offering the service on long term retainer contracts to Kandla, Vadinar, Mumbai, JNPT, Mangalore & Paradip Port with more than 8100m of oil containment booms.✅

📌PROMOTER :-▪️Mr.Kamal Kant Biswanath Choudhury an alumnus of T.S. Dufferin and Master Mariner. He is also an alumni of NMIMS and a Gold Medallist Fellow of Narottam Morarjee Institute of Shipping. He worked with the Directorate General of Shipping (India) and ONGC Ltd prior to founding the Sadhav Shipping Limited.🔥

▪️The company has 24 ships, of which 19 are owned and 5 are leased.💫

➢The Company is accredited with ISO 9001:2015 by RINA for management process.✅
➢The Company is also accredited with Document of Compliance(DOC) by the Directorate General of Shipping (India) for following the International Management Standards(ISM).✅

📌Presence🔥:- ▪️The Company will be shortly starting operations in Nigeria through Vessel ADITRI.✅

(photo added in last)

📌📌
▪️IPO price: Rs.95
▪️IPO size: 38.18Cr
▪️CMP:Rs.172
▪️Market cap: 246Cr
▪️P/E: 30 ✅
▪️EPS:5.67
▪️ROE: 20.41%
▪️ROCE: 14.36%
▪️RoNW: 18.94%
▪️Employees:421 (200+ officers)
▪️Assets: 131.13Cr
▪️cash flow:- positive in last 4 years
▪️Total Borrowing: 66.81Cr (Reserves and Surplus:42Cr)      
▪️Share Holding Post Issue: 69.44%      

📌FINANCIALS:
▪️FY24H1 Rev: 33.85 Cr🔥
▪️FY24H1 PAT: 4.07 Cr🔥
▪️FY23 revenue is 78.9 Cr as compared to 69.77 Cr(FY22), 15%✅ growth yoy.
▪️FY23 PAT is 7.75 Cr as compared to 3 Cr(FY22), 160%✅ growth yoy.
▪️30%🔥 growth in revenue in last 2 years.
▪️135%🔥 growth in PAT in last 2 years.

(PAT margins of 5.46% (FY21), 4.33% (FY22), 9.97% (FY23), 12.08% (H1-FY24)✅)

📌IPO funds:
It will utilize Rs.8 Cr for repayment of certain borrowings✅, Rs.15.50 Cr for CAPEX on purchase/acquisition of boats/vessels🔥, Rs.12.5 Cr for working capital and for general corporate purposes.

📌PEERS:
As per the offer document, the company has shown Seamec Ltd., Knowledge Marine, and Garware Marine as their listed peers. They are trading at a P/E of 47.3, 35.3, and 300.89 (as of February 16, 2024). However, they are not comparable on an apple-to-apple basis.

📌SECTOR GROWTH:
▪️ The logistics sector in India was valued at US$ 250 billion in 2021, with the market predicted to increase to an astounding US$ 380 billion by 2025, at a healthy 10%-12% CAGR.✅

▪️As per the data of Economic times infra.com- Major Ports of India collectively handled a round-braking 795 million tons of cargo, registering a 10.10% growth over the previous year. Further data shows that Indian ports have achieved the highest-ever output per day of 17,239 tons, marking it a 6% increase compared to last year.🔥

▪️The requirement of vessels in ONGC Ltd. is expected to increase by approximately 35% in the coming year 2024 / 2025.💫

▪️The Oil spill Response market in India is still very nascent and is on the cusp of high growth. The right regulatory framework is being put into place by the Governmental agencies for its growth to occur.✅

▪️The Sagarmala Programme was approved by the Union Cabinet in 2015 which aims at holistic port infrastructure development along the 7,516-km long coastline through modernisation, mechanisation and computerisation.(estimated cost of 59000 Cr)🔥

📌STRENGTH:
➢Company is in ship operation business since last 27 years.✅
➢Strong Client Base (serves primarily to AAA rated clients💫).
➢Quality backed assets to service to their client requirement.
➢Experienced Promoters and Management Team.
➢Strong Market Presence Across Multiple Sectors.🔥
➢Repeat orders from clients, due to performance and high customer engagement.

📌FUTURE PLAN:
▪️Expansion of Service Portfolio in Major Ports.✅

▪️Deployment in West African Market.🔥

▪️Establishing presence in micro sector of Wind Energy.🔥

▪️Entry into Minor Ports with customised Service Offerings.

▪️Establishing umbrella organisation for Oil Spill Response in India.

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing. Although the write up accurately reflects the personal view of the author, there may be manual/human errors in the writeup. Please stop investing blindly. 🙏🙏

Strong UC!🔥
All the weak hands are out

Today it will reverse

Now its sadhav turn to hit lc today....lets witness it soon.

Bought couple of lots in preopen.. also holding alloted one.
Big UC now.. hold it tight for multifold return.

Don't sell single share of sadbhav...next bondada

250+ possible in next 15 days..dont sell..huge upside comingg !!

GUNAVANTH VAID is one of the LEADERS in SME INVESTMENT ZONE. His picks are fundamentally solid! This will be no different. This too will be a multibagger :)

​@Samir Gohel You will get these details in NSE bulk deal, screener.

All of his stocks are 5x to 100x+.

Sadhav will cross 350 soon✅

Looks like Guna is one of the big buyers today. Will be interesting to track now, definitely holding for a while.

40L shares bid at UC, only 15k shares traded - the FOMO effect. Ride the wave as long as possible.

Any one tell what was the buying order pending at the time of closing.
No of share for buying side

Will see many UC soon.dirt cheap price available.

Good morning. At what time we can place pre open sell order in zerodha? Same as mainboard IPO or is it different timing for SME IPO?

Same as mainboard, anytime before 9:45

Sir @investormahesh 
The process is the same as the Mainboard IPO.
The pre-open session is a 15-minute window before the market opens (between 9.00 am and 9.15 am). For more information check click here.

Thanks for the feedback.

30 rs premium hai atleast 125 se niche toh sell order nahi lagane chahiye the logo ko pre - open mai ..
​@GrayIsTheNewBlack Kya karna hai Bhai hold ya sell ???

​@GrayIsTheNewBlack Good profit! Missed the morning action as I was on a flight, but happy to see a strong UC, so will hold my lot. Hoping strong buyers have entered, and not the flippers.

​@rohiitian , I missed the fact that tomorrow is a special trading session and flippers cannot sell tomorrow.
So another UC is more or less confirmed for tomorrow 👍

Sold 1 Alloted Lot At 141.75 UC
🤞

Please correct me if I’m interpreting this wrong.
Tomorrow is special trading session and purchase of Friday cannot be sold on Saturday’s session. All securities will have a maximum price band of 5%.

So basically only the ones holding alloted lot can sell tomorrow? This can easily trigger a UC at least tomorrow.

BTST (T1 sell) orders for T2T stocks will be blocked on Saturday

📌bought at UC due to its presence in DEFENSE sector.🔥

Will add more if circuit opens in next 5-6 days!
Will post detailed analysis soon!

Maal snatched from retailers ✅🔥🔥
Strong UC now!

1. Weak hands out in this counter. Out of 40,18,800 IPO shares, 24,33,600 have been traded so far i.e. 60.55%!
2. Very well management of screen. Kudos to the LM. 🫡🫡
3. I bought 2 lots in preopen for short/medium term.
4. Those who sold should think about selling after checking the screen. No point selling in rush because you just got the allotment luckily.

Try to maximize profits. Allotment mile ya na mile, IPO me paise banta hain, if you use your own mind and do some homework. Doosre ke bharose se sirf loss hee hota hai. Baaki aap gyani hain hee, sab jaante hain.

Anyways, Congratulations to everyone. Jise mila but becha ya hold kiya.. Ya jisne preopen me liya.. paisa sabka banega 😍

Jai Shri Ram🙏🏻🙏🏻

​@MR AGARWAL I too sold both lot on the same price ane 135 and other 141,75 . No one here week and no one strong the only thing how one book the profit and keep themselves in the game of IPO sme . Keep the profit and enjoy and who brought from us also wish for them to earn further profit ,,,,,,,

Wahh @PLAZA Bhai ... Really Glad to see that our planning and execution matched this time !!!

​@SSingh Thankyou so much..I wish the same for you :)

​@SSingh Sir, your view about kausalya logistics. Seems you have bought a large chunk( if your name is Sandeep singh, to be true donot know your full name)

I am not Sandeep bhai. No views as I dont track it, sorry! 🙏🏻

good listing as expected. Sold in preopening...

​@RJrahul In preopen keep on watching the price upto 9:35 A.M.and then put in the price a bit below that, let us say 5% lower..if that price is below equilibrium price then your order will get executed at 9:45 A.M.

Hope this helps..

​@Vimal Garodia thanks for reply

Settled at 135, more than expectations.

Sold at 141.75. Good gains.

Sold my lot @ 141.75.

how to sell in preopen
I got one lot

Now you can sell @ 141.75 Upper Circuit to become more luckier. Enjoy