Sahara Maritime IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 20, 2023Let’s have a detailed review of the company and analytics of the Sahara Maritime IPO release date, IPO offer price, subscription, Sahara Maritime Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 81 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | December 26, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 688 Lakh |
| IPO Size | Rs 688 Lakh |
| Tick Size | 1 |
Sahara Maritime IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Sahara Maritime Share Price |
Sahara Maritime IPO – Summary
Their Company is registered with the Director General of Shipping, Ministry of Shipping, Government of India to act as a Multimodal Transport Operator, and is an ISO 9001:2015 certified Freight Forwarder. Their Company specializes in sea freight forwarding.
The Promoters Mr. Sohrab Rustom Sayed and Mr. Nadeem Aboobakar Hira, with over two decades of experience in the logistics industry, have been the guiding force behind all the strategic decisions of their Company. They cater their services mainly in the domestic market specifically in the state of Maharashtra.
The Promoter of this company is MR. SOHRAB RUSTOM SAYED AND MR. NADEEM ABOOBAKAR HIRA. The lead manager of the issue is SWARAJ SHARES AND SECURITIES PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Sahara Maritime IPO Date
The opening and closing dates of Sahara Maritime IPO are December 18, 2023 and December 20, 2023, respectively.
Sahara Maritime IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 18th Dec | 0.84x | 2.99x | 1.91x |
| 2nd Day – 19th Dec | 1.48x | 11.05x | 6.27x |
| 3rd Day – 20th Dec | 1.73x | 15.10x | 8.41x |
| Shares Offered or Net Issue | 403,200 | 403,200 | 849,600 |
The shares subscribed by the public will be updated here.
Sahara Maritime IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sahara Maritime Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 21, 2023 |
| Refunds Initiation | December 22, 2023 |
| Credit of Shares to Demat Account | December 22, 2023 |
| Share Listing Date | December 26, 2023 |
Sahara Maritime IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.81
Sahara Maritime IPO Equity Size
This Initial Public Issue of 849,600 Equity Shares of Rs.10 each for cash at a price of Rs.81 per equity share aggregating to Rs.688 Lakh.
Sahara Maritime IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 849,600 Equity Shares of Rs.10/ each.
Issue Size: 849,600 Equity Shares of Rs.10 each, aggregating to Rs.688 Lakh
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Sahara Maritime IPO – Live Performance
The listing date of this IPO is December 26, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sahara Maritime Share Price |
Sahara Maritime IPO Grey Market Premium
The Sahara Maritime Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Sahara Maritime IPO – Company Overview
They offer their customers a comprehensive range of freight-related services, along with ancillary transport management. Additionally, they have established informal partnerships with various intermediaries to provide ancillary services such as Transportation, Multimodal Transportation, Project cargo handling, Third Party Logistics, Packaging, loading/unloading, and unpacking of items.
These additional services enable them to provide end-to-end solutions and other value-added services that cater to their customers’ diverse needs. They understand that each customer has unique shipment requirements, and they prioritize building personal relationships with them to better understand their individual needs.
To meet these needs, the Company has proactively outsourced vendors and established partnerships, allowing them to offer a wide range of services at competitive prices. This asset-light business model grants them the flexibility to develop tailored logistic solutions across diverse industries while ensuring scalability of services
Sahara Maritime IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 880.95 | 964.52 | 733.57 | 535.74 |
| *Total Revenue | 531.99 | 2611.12 | 2104.52 | 1021.64 |
| Total Expense | 530.59 | 2443.70 | 2033.58 | 930.08 |
| Profit After Tax | 1.04 | 120.74 | 52.35 | 64.78 |
Earnings per Equity Share (in Lakh)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 0.05 | 5.44 | 2.60 | 3.22 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 120.74 Lakh, Rs. 52.35 Lakh and Rs. 64.78 Lakh respectively.
Sahara Maritime IPO – Promoters
The Promoter of this company is:
- MR. SOHRAB RUSTOM SAYED
- MR. NADEEM ABOOBAKAR HIRA
List of Related Parties (Key Managerial Personnel)
- Sohrab Rustom Sayed, Chairman & Managing Director
- Nadeem Aboobakar Hira, Executive Director
- Khalid Sohrab Sayed, Non-Executive Director
- Mansi Harsh Dave, Non-Executive Independent Director
Sahara Maritime IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – 72.32%
Sahara Maritime IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 849,600 Equity Shares aggregating up to Rs.688 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 43,200 Equity Shares aggregating up to Rs.34.99 Lakh |
| Net Issue to the Public | Up to 8,06,400 Equity Shares aggregating up to Rs.653.18 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 4,03,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,03,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 22,21,050 Equity Shares |
| Equity Shares outstanding after the Issue | 30,70,650 Equity Shares |
Sahara Maritime IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding of capital expenditure requirements of their Company towards the purchase of (i) commercial vehicles; and (ii) Office Equipments,
- Funding working capital requirements and general corporate purposes.
Sahara Maritime IPO – Business Strategy
- Integrated, end-to-end logistics services and solutions
- Increase Brand awareness
- Quality Policy / Service Policy
- Reduction of operational costs and achieving efficiency
- Continue to attract and retain talent
Sahara Maritime IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diversified revenue sources and customer base;
- Modern Processes and Technology
- Team of professionals;
- Smooth flow of operations;
- Comprehensive solution for logistics requirements;
- Customer-oriented approach;
- Infrastructural Strength;
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 5.44 | 22.76% | 23.90 |
| 31-Mar-22 | 2.60 | 14.32% | 18.19 |
| Mar-21 | 3.22 | 20.67% | 15.59 |
Sahara Maritime IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operations (Rs. in Lakhs) | |
| Sahara Maritime Limited | 10 | 15.03 | 5.39 | 22.59% | 2,609.95 |
| Listed Peers | |||||
| Cargotrans Maritime Limited | 10 | 13.81 | 5.74 | 0.05 | 7,425.35 |
| AVG Logistics Limited | 10 | 35.55 | 7.09 | 9.29 | 42,710.82 |
| Cargosol Logistics Limited | 10 | 10.43 | 4.79 | 15.70 | 17012.85 |
Sahara Maritime IPO Lead Managers
| Lead Managers |
| SWARAJ SHARES AND SECURITIES PRIVATE LIMITED Principal Place of Business: 304, A Wing, 215 Atrium Near Courtyard Marriot, Andheri Kurla Road, Andheri East, Mumbai – 400093, Maharashtra, India Telephone: +91-22-6964-9999 Email: compliance@swarajshares.com Investor Grievance Email ID: investor.relations@swarajshares.com Contact Person: Pankita Patel/ Tanmoy Banerjee Website: www.swarajshares.com SEBI Registration Number: INM00012980 CIN: U51101WB2000PTC092621 |
Sahara Maritime IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India Telephone: 022-6263-8200 E-mail: ipo@bigshareonline.com Investors Grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Asif Sayyed SEBI Registration Number: INR000001385 CIN: U99999MH1994PTC076534 |
Sahara Maritime IPO – Other Details
- Statutory Auditor – M/s A Y & Company, Chartered Accountants
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – Kotak Mahindra Bank Limited
Sahara Maritime IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sahara Maritime Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Sahara Maritime IPO Review FAQs
Check out various FAQs related to Sahara Maritime IPO:
What is the Issue Size of Sahara Maritime IPO?
The Company is making an initial public offer of 849,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Sahara Maritime IPO?
The price band for this particular IPO ranges between Rs 81. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Sahara Maritime IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 18, 2023, while the closing date is set at December 20, 2023.
What is the Sahara Maritime IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 21, 2023, refund initiation is on December 22, 2023, credit of shares is on December 22, 2023, and share listing date is on December 26, 2023.
What is the Sahara Maritime IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 26, 2023. The date, when the listing would be done, is stagnant on December 26, 2023.
Who is the Registrar of Sahara Maritime IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sahara Maritime IPO?
Here are the promoters of this IPO – MR. SOHRAB RUSTOM SAYED AND MR. NADEEM ABOOBAKAR HIRA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Sahara Maritime IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Sahara Maritime IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Sahara Maritime Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 120.74, 2022 is 52.35, and 2021 is 64.78. PAT from Sep 2023 is 1.04.
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