Sahara Maritime Limited provides transportation, storage, and communication services for maritime needs. The company offers a range of freight services to its clients, which includes transportation management. The company has partnered with various intermediaries to provide additional services such as multimodal transportation, project cargo handling, third-party logistics, packing, loading, and unloading of items.
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 4 | Well experienced promotors. No red flags as per the RHP – litigations, open criminal proceedings, tax proceedings, etc. |
| Company Financials | 2 | Inconsistent numbers. High debt component. |
| Segment Growth Opportunity | 3 | Highly competitive business. The industry is moving from an unorganized to an organized sector. The sector has a direct relationship with India’s growth story. |
| Asking Valuation (compared with Peers) | 3 | Asking PE is ~15x, peers in the range of 15-35x. |
| Lead Manager’s past performance | 3 | Avg ~45% listing day gain for past 4 IPOs. One of them was listed in discount. |
| Consolidated Score | 3.1 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.
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