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Sahara Maritime Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Sahara Maritime Ltd IPO

Registered Office: 105 106 108 Flr-I Plot-142,Sherrif.St Chakala Mrkt.Mandvi , Mumbai - 400003 , Maharashtra , India.
Phone : 022-2347 9362   Fax:
Email :  info@saharamaritime.com  
Website :  www.saharamaritime.com
Initial public offering of 8,49,600 equity shares of face value of (Rs)10/- each ("Equity Shares") of Sahara Maritime Limited ("Sahara Maritime" or "Company" or "Issuer") for cash at a price of (Rs)81/- per equity share (including a premium of (Rs)71 per equity share) ("Issue Price") aggregating (Rs)6.88 crores ("The Issue") of which 43,200 equity shares aggregating to (Rs)0.35 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 8,06,400 equity shares of face value of (Rs)10/- each at an issue price of (Rs)81/- per equity share aggregating up to (Rs)6.53 crores ("Net Issue"). The issue and the net issue will constitute 27.67 % and 26.26% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is 8.1 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
18-Dec-23 20-Dec-23 (Rs)81.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 5.96
Swaraj Shares & Securities Pvt Ltd
Project Financed through Current Offer 6.88  
Post Issue Equity Share Capital 3.07  
Issue Price (Rs)81.00  
 
Projects
Funding of capital expenditure requirements of the company towards purchase of (I) Comercial Vehicles & (II) Office EquipmentGeneral Corporate Purposes
Working Capital Requirements
Promoted By
Sohrab Rustom Sayed  
Nadeem Aboobakar Hira  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd