Sahara Maritime Limited

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
Email	info@saharamaritime.com
Website	https://saharamaritime.com/

Offer Documents

Sahara Maritime IPO DRHP

Sahara Maritime IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

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%