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-2023
20-Dec-2023
₹ 81.00
₹ 0.00
Minimum Application for shares in Nos : 1600.0
Further Multiples of : 1600.0
(₹)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
₹81.00
Projects
Funding of capital expenditure requirements of the company towards purchase of (I) Comercial Vehicles & (II) Office Equipment