Fixed Price IPO | ₹21 Cr | Listed at NSE SME | Thu, Sep 21, 2017 - Tue, Sep 26, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 21, 2017
IPO Close
Tue, Sep 26, 2017
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹79.83 Cr
| IPO Date | 21 to 26 Sep, 2017 |
| Listed on | Thu, Oct 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 39,34,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 1,98,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 37,36,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 37,36,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 1,08,50,000 shares |
| Share Holding Post Issue | 1,47,84,000 shares |
| NSE Symbol | AARVI |
| ISIN | INE754X01016 |
Aarvi Encon IPO comprises a total issue size of 39,34,000 shares. The net offer to the public is 37,36,000 shares, after excluding 1,98,000 shares allotted on a firm basis. Of the Net offer 18,68,000 (50.00%) allocated to NII 18,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,68,000 | 50.00% | 47.48% |
| Retail Shares Offered | 18,68,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,98,000 | 5.03% | |
| Total Shares Offered | 39,34,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Aarvi Encon IPO is subscribed [.] times on September 26, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.29 |
| 2 | Regulatory Fees & Other Expenses | 0.11 |
| 3 | Marketing expenses, Selling Commission and other expenses | 1.91 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹56.00 |
| Low | ₹54.00 |
| High | ₹57.80 |
| Last Trade | ₹54.50 |
Lead Manager Reports
Aarvi Encon IPO is a SME IPO of 39,34,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Sep 21, 2017, and closes on Tue, Sep 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 Thu, Sep 21, 2017 and closes on Tue, Sep 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 Thu, Oct 5, 2017.
