Amrut Dredging And Shipping unlisted share price

Price history

About

Amrut Dredging and Shipping Limited is a marine and dredging contractor. It works mainly for India's major ports, non-major ports and shipyards. Its services include dredging, chartering of vessels, marine infrastructure work, bunkering and allied services. The company says it is ISO 9001:2015 certified. The company was incorporated on March 27, 1995 as Amrut Securities Limited. It later changed its name to Amrut Dredging and Shipping Limited and became a public limited company in 2014. The registered office is in Rajkot, Gujarat, and the corporate office is in Mumbai. The numbers below come from the restated consolidated financial statements in its Draft Red Herring Prospectus (DRHP) dated November 21, 2024. Revenue from operations was ₹3,876.96 lakhs in FY24, up from ₹2,344.18 lakhs in FY23 and ₹2,037.71 lakhs in FY22. Profit after tax was ₹499.60 lakhs in FY24, against ₹36.15 lakhs in FY23. Net worth rose to ₹11,003.49 lakhs at March 31, 2024. Total borrowings stood at ₹1,418.21 lakhs. The promoter and promoter group held 72.88% of the pre-issue share capital at the time of the DRHP. Pavan Anilbhai Gandhi, the Managing Director, alone held 64.32%. The company has filed its DRHP for a fresh issue of up to 49,10,000 equity shares. The money is meant for buying a cargo vessel and a trailing suction hopper dredger, and for working capital. The DRHP does not state an issue price or listing date, so we make no guess on either. Unlisted shares of a company like this are dealt off-market between buyers and sellers through dealers. Prices are indicative, not exchange prices, and there is no guarantee that an IPO will happen or when.