Arvind and Company Shipping Agencies Limited IPO Detail
Incorporated in September 1987, Arvind and Company Shipping Agency is situated in Jamnagar, Gujrat. The company is in the business of carrying and forwarding agents. The company operates in vessels like Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges and tugs for Cargo. The company mainly provides services related to Marine Vessels and Ancillary equipment and supplies equipment to multinational corporations.
The company has also expanded its business horizon by entering into the hospitality business with Hotel Millennium Plaza and Hotel 999.
Arvind and Company Shipping Agency Limited has 15+ employees and has completed 850+ projects.
Competitive Strength:
1. Experienced Promoters and Management Team.
2. Competitive cost structure and efficient operations.
3. Location of the facilities promotes closer association with the vendors and customers.
Company Promoters
Mr Arvind Kantilal Shah, Mr Vinit Arvind Shah, Mrs Parul Arvind Shah and Mr Chintan Arvind ShahIPO Details
| IPO Opening Date | Oct 12, 2023 |
| IPO Closing Date | Oct 16, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹14.74 Cr |
| Fresh Issue | ₹14.74 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 11.75x | 21.07x | 18.41x | |
| Day 2 | - | - | 19.11x | 59.08x | 41.11x | |
| Day 3 | - | - | 436.05x | 321.97x | 385.03x |
IPO Tentative Timetable
The Arvind and Company Shipping Agencies Limited IPO open date is Oct 12, 2023, and the close date is Oct 16, 2023. The issue may list on Oct 25, 2023.
| IPO Open Date | Oct 12, 2023 |
| IPO Close Date | Oct 16, 2023 |
| Basis of Allotment Date | Oct 19, 2023 |
| Initiation of Refunds | Oct 20, 2023 |
| Credit of Shares to Demat Account | Oct 23, 2023 |
| IPO Listing Date | Oct 25, 2023 |
IPO Lot Size
The Arvind and Company Shipping Agencies Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135000 |
| Maximum | 1 | 3000 | ₹135000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 578.46 | 52.51 | 23.75 |
| 31-Mar-22 | 1860.94 | 331.44 | 100.28 |
| 31-Mar-23 | 3381.18 | 841.10 | 347.12 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Funding Capital Expenditure of the Company
2. General Corporate Purpose
3. To meet Public Issue Expenses
Arvind and Company Shipping Agencies Limited IPO Registrar:
Skyline Financial Services Private Ltd
Arvind and Company Shipping Agencies Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Arvind and Company Shipping Agencies Limited
City point 701 to 702
Fifth Floor, Nr. Town Hall
Fifth Floor, Nr. Town Hall
