A Lucrative Investment Opportunity
Sahara Maritime Limited’s IPO presents a compelling investment opportunity in the maritime industry. With a fixed price issue of Rs. 6.88 crores, this fresh issue of 8.5 lakh shares is set to captivate investors. The subscription window for Sahara Maritime IPO opens on December 18, 2023, and concludes on December 20, 2023. The anticipated allotment date is December 21, 2023, with the listing on BSE SME scheduled for December 26, 2023.
Priced at Rs. 81 per share, the IPO necessitates a minimum lot size of 1600 shares, requiring a retail investor to commit Rs. 129,600. High Net Worth Individuals (HNIs) need to invest in 2 lots (3,200 shares) amounting to Rs. 259,200, making this IPO an accessible yet lucrative opportunity for varied investors.
Swaraj Shares and Securities Private Limited spearheads the IPO as the book running lead manager, supported by Bigshare Services Pvt Ltd serving as the registrar for the issue. Shreni Shares has been appointed as the market maker, amplifying the credibility and market reception of this IPO.
For in-depth insights, potential investors are encouraged to refer to the Sahara Maritime IPO RHP (Red Herring Prospectus) for comprehensive details. Seize this chance to explore the potential of the maritime industry through Sahara Maritime Limited’s IPO, promising a dynamic entry into this thriving sector.
Sahara Maritime IPO Details
| IPO Date | December 18, 2023 to December 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹81 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 849,600 shares (aggregating up to ₹6.88 Cr) |
| Fresh Issue | 849,600 shares (aggregating up to ₹6.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,221,050 |
| Share holding post issue | 3,070,650 |
| Market Maker portion | 43,200 shares |
Sahara Maritime Limited’s IPO offers 849,600 fresh shares at Rs. 81 per share, aggregating to Rs. 6.88 Cr. This fixed price issue marks a pivotal entry into the market, set for listing on BSE SME. Investors can participate with a lot size of 1600 shares, providing an accessible avenue into this promising venture.
The IPO period, from December 18 to December 20, 2023, invites stakeholders to partake in the maritime industry’s growth story. Post-issue, the company’s shareholding will reach 3,070,650 shares, significantly expanding its market presence.
A portion of 43,200 shares has been allocated to the market maker, further bolstering confidence in Sahara Maritime Limited’s IPO. This offering presents an attractive opportunity for investors seeking a foothold in the maritime sector while contributing to the company’s expansion in this thriving domain.
Sahara Maritime IPO Tentative Timeline Schedule
Sahara Maritime IPO opens on December 18, 2023, and closes on December 20, 2023.
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2023 |
Sahara Maritime IPO presents an enticing opportunity, with its subscription period starting on December 18 and concluding on December 20, 2023. Investors are urged to take note of these significant dates to ensure active participation in this IPO.
The basis of allotment is set for December 21, 2023, followed by the initiation of refunds and the credit of shares to demat accounts on December 22, 2023. This streamlined process enhances convenience for investors, facilitating a seamless experience throughout.
The eagerly awaited listing date for Sahara Maritime IPO on BSE SME is scheduled for December 26, 2023, promising an exciting journey ahead for shareholders. It’s imperative to complete UPI mandate confirmation by 5 PM on December 20, 2023, ensuring a hassle-free subscription process.
Sahara Maritime IPO Lot Size
Investors eyeing Sahara Maritime’s IPO have varied bid options, with a minimum bid requirement of 1600 shares and multiples thereof. The table below illustrates the minimum and maximum investment criteria for both retail and High Net Worth Individual (HNI) investors:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| HNI (Min) | 2 | 3200 | ₹259,200 |
For retail investors, the minimum and maximum bid sizes remain consistent at 1600 shares, requiring an investment of Rs. 129,600. Meanwhile, High Net Worth Individuals have the opportunity to bid a minimum of 2 lots, equivalent to 3200 shares, requiring an investment of Rs. 259,200.
This delineation in bidding options ensures flexibility for investors of varying financial capacities, allowing them to engage according to their investment preferences and capacities. Potential stakeholders can select an investment strategy that aligns with their financial goals, leveraging Sahara Maritime’s IPO as a lucrative avenue for participation in the market.
Sahara Maritime IPO Promoter Holding
Promoters: The company is spearheaded by Mr. Sohrab Rustom Sayed and Mr. Nadeem Aboobakar Hira, the esteemed promoters of Sahara Maritime Limited. Their leadership and vision drive the company towards its strategic objectives and market expansion.
Shareholding Transition:
Share Holding Pre-Issue: 100.00%
Share Holding Post-Issue: 72.32%
The pre-issue scenario reflects the entirety of the company’s shareholding held by the promoters. Post-issue, there’s a transition in the shareholding structure, indicating a shift to 72.32% ownership held by the promoters. This dynamic change signifies the infusion of new stakeholders post the IPO, facilitating broader ownership and participation within the company.
This transition presents an opportunity for new investors to join hands with the promoters in steering Sahara Maritime’s growth trajectory. As the company moves towards a more diversified shareholding pattern, it promises enhanced market participation and potential for growth in the maritime industry.
Grey Market Premium (GMP) Sahara Maritime IPO
The grey market activities in the last four sessions leading up to the IPO launch have exhibited a consistent trend. As of the latest update, the GMP (Grey Market Premium) for the Sahara Maritime SME IPO has shown no significant movement. The GMP remains stagnant at Rs. 0 across multiple consecutive sessions, indicating a steady and unchanged trend.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 18-12-2023 Open | ₹81.00 | ₹0 | — | ₹81 (0%) | 18-Dec-2023 14:29 |
| 17-12-2023 | ₹81.00 | ₹0 | — | ₹81 (0%) | 17-Dec-2023 23:29 |
| 16-12-2023 | ₹81.00 | ₹0 | — | ₹81 (0%) | 16-Dec-2023 23:31 |
| 15-12-2023 | ₹81.00 | ₹0 | — | ₹81 (0%) | 15-Dec-2023 23:32 |
The GMP trend reveals a consistent valuation of Rs. 81, indicating a stable scenario with no substantial variation or movement expected until the listing day. Investors are advised to stay updated with our daily reports to track Sahara Maritime SME IPO’s GMP and projected listing price as the IPO date approaches.
Key Performance Indicator
P/E Ratio (x): 15.03
ROE (Return on Equity): 26.72%
ROCE (Return on Capital Employed): 32.77%
Debt/Equity Ratio: 0.33
EPS (Earnings per Share): Rs. 5.44
RoNW (Return on Net Worth): 22.76%
Sahara Maritime’s key performance indicators depict a robust financial standing and operational efficiency. A moderate P/E ratio of 15.03 suggests a reasonable valuation concerning earnings, while the high ROE and ROCE figures of 26.72% and 32.77% respectively indicate the company’s effectiveness in utilizing equity and capital.
A low Debt/Equity ratio of 0.33 signifies a conservative approach to financing, showcasing a healthy balance between debt and shareholders’ equity. The EPS of Rs. 5.44 reflects the company’s earnings attributed to each outstanding share.
Moreover, the RoNW at 22.76% underscores the company’s ability to generate profits relative to its net worth, illustrating a solid financial performance and promising prospects for stakeholders. These indicators collectively highlight Sahara Maritime’s strong financial position and efficiency in generating returns for its shareholders.
About Sahara Maritime Limited Profile
Sahara Maritime Limited, established in 2009, operates as a non-governmental organization specializing in transportation, storage, and communication services tailored to maritime needs. The company serves its clientele through a comprehensive suite of freight services, including transportation management, ensuring seamless movement of goods across various sectors. Collaborating with diverse intermediaries, Sahara Maritime extends its services to encompass multimodal transportation, project cargo handling, third-party logistics, and efficient packing, loading, and unloading solutions.
Freight Forwarding: Facilitating sea freight forwarding services, the company adeptly manages export shipment space booking and orchestrates comprehensive shipping requisites for its clientele.
Warehousing: Sahara Maritime leases warehouse facilities, streamlining warehousing processes to minimize administrative time and ensure effective storage solutions.
Multimodal Transportation: Employing a reliable and efficient approach, the company integrates diverse transportation modes, such as sea and land transport, into a unified process, ensuring cost-efficient door-to-door transportation solutions.
Allied Logistics Services: Offering a spectrum of services including handling heavy transportation equipment, chartering shipments, door-to-door deliveries, freight handling, and expert packaging, the company caters to diverse logistics needs. Door-to-door delivery streamlines logistics management, while specialized freight services address unique transportation requirements.
Sahara Maritime operates on an asset-light model, mitigating operational risks associated with costs such as fuel, maintenance, depreciation, and capital expenditure. This model optimizes resource allocation, enhancing cost-effectiveness and operational efficiency within the company’s service portfolio.
Through its comprehensive range of services and strategic operational approach, Sahara Maritime Limited stands as a reliable partner in the maritime logistics sector, offering tailored solutions that streamline transportation, storage, and communication needs for its clientele.
Sahara Maritime Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | ₹880.95 Lakhs | ₹964.52 Lakhs | ₹733.57 Lakhs | ₹535.74 Lakhs |
| Revenue | ₹531.99 Lakhs | ₹2,611.12 Lakhs | ₹2,104.52 Lakhs | ₹1,021.64 Lakhs |
| Profit After Tax | ₹1.04 Lakhs | ₹120.74 Lakhs | ₹52.35 Lakhs | ₹64.78 Lakhs |
| Net Worth | ₹531.58 Lakhs | ₹530.54 Lakhs | ₹365.69 Lakhs | ₹313.34 Lakhs |
| Reserves and Surplus | ₹309.47 Lakhs | ₹308.43 Lakhs | ₹364.69 Lakhs | ₹312.34 Lakhs |
| Total Borrowing | ₹163.81 Lakhs | ₹173.26 Lakhs | ₹11.97 Lakhs | ₹38.72 Lakhs |
Revenue Growth: From March 31, 2021, to March 31, 2022, revenue surged from Rs. 1,021.64 Lakhs to Rs. 2,104.52 Lakhs, reflecting a substantial increase of 105.71%.
Profit After Tax (PAT) Rise: PAT witnessed significant growth, notably from Rs. 52.35 Lakhs in March 2022 to Rs. 120.74 Lakhs by March 2023, marking a remarkable surge of 130.64%.
Asset Expansion: The company’s asset base exhibited consistent growth, with a continuous uptrend from Rs. 535.74 Lakhs in March 2021 to Rs. 964.52 Lakhs by March 2023, indicating an increase of 80.07%.
Debt Fluctuations: Total borrowing experienced fluctuations, with a notable rise from Rs. 11.97 Lakhs in March 2022 to Rs. 173.26 Lakhs by March 2023, showcasing a significant shift in the company’s borrowing pattern.
Sahara Maritime Limited’s financial performance showcases impressive revenue escalation, robust profit generation, and substantial asset expansion, indicating a trajectory of steady growth and financial stability between the noted periods.
Objects of the Issue Sahara Maritime IPO Objectives
The proposed utilization of the Net Proceeds from Sahara Maritime’s IPO is outlined as follows:
Funding Capital Expenditure:
Commercial Vehicles: Allocation of funds towards the purchase of commercial vehicles to bolster transportation capabilities.
Office Equipment: Investment in essential office equipment to enhance operational efficiency and support organizational infrastructure.
Addressing Working Capital Needs: Allocation of funds to meet the day-to-day operational requirements and maintain a smooth functioning of business operations, ensuring seamless service delivery.
General Corporate Purposes: Utilization of funds for general corporate purposes to support various operational facets, potentially including but not limited to, technological enhancements, human resources, administrative needs, or any other strategic initiatives deemed vital for the company’s growth and sustenance.
The deployment of these proceeds is strategically aimed at augmenting operational capabilities, expanding infrastructure, and ensuring sufficient working capital for sustained business operations. This allocation signifies Sahara Maritime’s intent to fortify its core assets, bolster its operational efficiency, and enhance its competitive positioning within the maritime transportation and logistics sector.
