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Aarvi Encon IPO is a fixed price issue of ₹21.24 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹21.24 crore.
Aarvi Encon IPO bidding started from Sep 21, 2017 and ended on Sep 26, 2017. The shares got listed on NSE SME on Oct 5, 2017.
Aarvi Encon IPO price is ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Aarvi Encon IPO RHP for detailed Information.
| IPO Date | September 21, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,34,000 shares (aggregating up to ₹21.24 Cr) |
| Reserved for Market Maker | 1,98,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.07 Cr) |
| Net Offered to Public | 37,36,000 shares (aggregating up to ₹20.17 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,08,50,000 shares |
| Share Holding Post Issue | 1,47,84,000 shares |
Aarvi Encon IPO offers total 39,34,000 shares. Out of which 18,68,000 (47.48%) allocated to NII, 18,68,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,98,000 (5.03%) |
| NII (HNI) Shares Offered | 18,68,000 (47.48%) |
| Retail Shares Offered | 18,68,000 (47.48%) |
| Total Shares Offered | 39,34,000 (100.00%) |
Aarvi Encon IPO opens on September 21, 2017, and closes on September 26, 2017.
| IPO Open Date | Thu, Sep 21, 2017 |
| IPO Close Date | Tue, Sep 26, 2017 |
| Tentative Listing Date | Thu, Oct 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 26, 2017 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Incorporated in 1987, Aarvi Encon Limited ia an ISO 9001:2008 and OHSAS certified Company provides engineering and manpower outsourcing services in India and internationally. The company offers IT staffing, manpower outsourcing/technical staffing/manpower deputation, project management, construction supervision, procurement assistance/expediting, inspection, pre-commissioning and commissioning, operation and maintenance and shutdown services. Cllient list included Reliance Industries, Cairn India, HPCL Mittal, Bechtel etc.
It serves oil and gas, power, LNG, PNG, refinery, petrochemical, pipeline, wind power, solar power, offshore, exploration and production, infrastructure, ports and terminal, telecom, fertilizer, cement, automobile, metro and mono rail, railway, metal and mineral, information technology industries.
The Company Aarvi Encon IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 10.78 |
| 2 | Acquisitions and Other Strategic Initiatives | 4.00 |
| 3 | General Corporate Purposes | 4.15 |
| 4 | Issue Expenses | 2.31 |
[Dilip Davda] Considering reasonable pricing, investment may be considered for medium to long term. Read detail review...
| Listing Date | October 5, 2017 |
| BSE Script Code | |
| NSE Symbol | AARVI |
| ISIN | INE754X01016 |
| Final Issue Price | ₹54 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹56.00 |
| Low | ₹54.00 |
| High | ₹57.80 |
| Last Trade | ₹54.50 |
Aarvi Encon Ltd.
603, B1 Wing, Marathon Innova,
Marathon Nextgen Complex,
Lower Parel (W),
Mumbai, Maharashtra, 400013
Phone: +91-22-40499999
Email: info@aarviencon.com
Website: http://www.aarviencon.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Aarvi Encon IPO is a SME IPO of 39,34,000 equity shares of the face value of ₹10 aggregating up to ₹21.24 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on September 21, 2017, and closes on September 26, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Aarvi Encon IPO using UPI as a payment gateway. Zerodha customers can apply in Aarvi Encon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aarvi Encon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aarvi Encon IPO opens on September 21, 2017 and closes on September 26, 2017.
Aarvi Encon IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Aarvi Encon IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aarvi Encon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aarvi Encon IPO allotment status.
The Aarvi Encon IPO listing date is on Thursday, October 5, 2017.
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