Sadhav Shipping IPO concluded on Tuesday, February 27, amidst a resounding response from both non-institutional and retail investors. The offering, which opened on February 23, witnessed exceptional demand, with subscriptions reaching 127 times on the final day.

If you applied for the IPO, here is how you can check the Sadhav Shipping IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Sadhav Shipping IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Sadhav Shipping" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the Sadhav Shipping IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Sadhav Shipping IPO allotment status will be visible.

Sadhav Shipping IPO Subscription Status

According to data from the National Stock Exchange (NSE), Sadhav Shipping Limited received bids for a total of 48.51 crore shares, significantly surpassing the 38.16 lakh shares offered. The non-institutional investors’ (NIIs) category particularly saw robust participation, with subscriptions soaring to 163 times the allotted shares. NII bids totalled 31.24 crore shares, dwarfing the 19.08 lakh shares available for the category.

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Similarly, retail individual investors (RIIs) demonstrated significant interest, subscribing to the IPO by 65 times. With bids pouring in for over 13.2 crore shares compared to the 19.08 lakh shares allocated.

Sadhav Shipping IPO GMP

Sadhav Shipping IPO GMP is currently reported at around ₹32. Taking the issue price of ₹95 into consideration, shares of the company could list at ₹127, around 33% premium. It’s important to note that while IPO GMPs can offer a glimpse into market sentiment regarding an IPO, they shouldn’t taken as the sole determinant of the stock’s performance upon listing

Sadhav Shipping IPO Details

Sadhav Shipping IPO, comprised solely of a fresh issue of 40.18 lakh shares. With the fixed price IPO priced at ₹95, the company aims to raise ₹38.18 crore through this offering.

For retail investors, the IPO lot size is set at 1,200 equity shares, necessitating a minimum investment of ₹1,14,000 and its multiples.

Proceeds from the IPO will primarily cater to Sadhav Shipping’s working capital requirements for procuring additional boats and vessels. Additionally, a portion of the funds will be allocated towards loan repayment, meeting other working capital needs, and addressing general corporate expenses.

Sadhav Shipping- Company Details

Sadhav Shipping specializes in marine asset services and operations, catering to ports, coastal logistics, and related activities. Its services encompass the provision of high-speed security boats for patrol operations, as well as the operation of port crafts. Furthermore, the company owns and operates barges utilized in coastal and inland waterway shipping for the transportation of goods.

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