Sahara Maritime Limited

Company Profile
Company Name Sahara Maritime Limited
Open Date 18-12-2023
Close Date 20-12-2023
Exchange BSE SME
Lot Size 1600 Shares
Issue Price ₹ 81 per share
Issue Size 849,600 shares
Application Amount ₹ 1,29,600
Recommendation Avoid
Sahara Maritime Limited was originally incorporated in the year 2009 and has its registered office Mumbai, Maharashtra. Company is an ISO 9001:2015 certified Freight Forwarders in the business of shipment, consignment tracking, consolidation, custom clearance, freight forwarding services, and providing ancillary logistics services offering to customers and other related value-added services. Company provides services mainly in the domestic market specifically in the state of Maharashtra. As of 30th September 2023, the Company had 52 employees on its payroll.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 535.73 733.56 964.52 880.96
Net Assets 313.34 365.69 530.54 531.58
Total Borrowings 38.72 11.97 173.26 163.81
Total Revenue 1,021.64 2,104.52 2,611.12 531.99
Profit After Tax 64.79 52.35 120.75 1.05

Tentative Timeline

Opening Date 18-12-2023
Closing Date 20-12-2023
Basis of Allotment 21-12-2023
Initiation of Refunds 22-12-2023
Credit of Shares to Demat 22-12-2023
Listing Date 26-12-2023

Objects of the Issue

Funding of capital expenditure requirements of the Company towards purchase of: (i) commercial vehicles; and (ii) Office Equipment's.
Working Capital requirements.
General Corporate Expenses.

Contact Information

Registered Office Sahara Maritime Limited - 105, 106, 108, Floor-1, Plot142, Plaza Shopping Centre, Sheriff Devji Street Chakala Market Mandvi, Mumbai – 400003
Phone 022-2347 9362

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 43,200 (5.08%)
Other Shares Offered 403,200 (47.46%)
Retail Shares Offered 403,200 (47.46%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 72.33%

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