{"id":253,"date":"2023-12-15T10:08:15","date_gmt":"2023-12-15T10:08:15","guid":{"rendered":"https:\/\/smemitra.com\/?p=253"},"modified":"2023-12-15T10:08:15","modified_gmt":"2023-12-15T10:08:15","slug":"sahara-maritime-sme-ipo","status":"publish","type":"post","link":"https:\/\/smemitra.com\/index.php\/2023\/12\/15\/sahara-maritime-sme-ipo\/","title":{"rendered":"Sahara Maritime &#8211; SME IPO"},"content":{"rendered":"\n<p id=\"block-2bc9028a-1078-4d70-99fe-5a3fa8c0a010\">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.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"block-1b3c4d55-c5ec-4da3-b21c-0b9ea8480273\">IPO Review<\/h5>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Parameters<\/th><th class=\"has-text-align-right\" data-align=\"right\">Score (0-5)<\/th><th>Comments<\/th><\/tr><tr><td>Promotors\/Sr. Management &amp; Work Ethics<\/td><td class=\"has-text-align-right\" data-align=\"right\">4<\/td><td>Well experienced promotors. No red flags as per the RHP &#8211; litigations, open criminal proceedings, tax proceedings, etc.<\/td><\/tr><tr><td>Company Financials<\/td><td class=\"has-text-align-right\" data-align=\"right\">2<\/td><td>Inconsistent numbers. High debt component.<\/td><\/tr><tr><td>Segment Growth Opportunity<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>Highly competitive business. The industry is moving from an unorganized to an organized sector. The sector has a direct relationship with India&#8217;s growth story.<\/td><\/tr><tr><td>Asking Valuation (compared with Peers)<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>Asking PE is ~15x, peers in the range of 15-35x.<\/td><\/tr><tr><td>Lead Manager&#8217;s past performance<\/td><td class=\"has-text-align-right\" data-align=\"right\">3<\/td><td>Avg ~45% listing day gain for past 4 IPOs. One of them was listed in discount.<\/td><\/tr><tr><td><strong>Consolidated Score<\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong>3.1<\/strong><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\ufeff<\/p>\n\n\n\n<p id=\"block-3c0ce1df-4187-4b5c-b664-09e0815aeabc\"><strong>Disclaimer <\/strong>&#8211; This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[9],"tags":[11,12,10],"class_list":["post-253","post","type-post","status-publish","format-standard","hentry","category-iporeview","tag-ipo","tag-review","tag-sme"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/comments?post=253"}],"version-history":[{"count":1,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/253\/revisions"}],"predecessor-version":[{"id":254,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/posts\/253\/revisions\/254"}],"wp:attachment":[{"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/media?parent=253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/categories?post=253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smemitra.com\/index.php\/wp-json\/wp\/v2\/tags?post=253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}