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Accuracy Shipping IPO is a book build issue of ₹35.76 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹35.76 crore.
Accuracy Shipping IPO bidding started from Jun 11, 2018 and ended on Jun 14, 2018. The allotment for Accuracy Shipping IPO was finalized on Jun 19, 2018. The shares got listed on NSE SME on Jun 22, 2018.
Accuracy Shipping IPO price band is set at ₹84.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,29,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,68,800.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Accuracy Shipping IPO RHP for detailed Information.
| IPO Date | June 11, 2018 to June 14, 2018 |
| Listing Date | June 22, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹81 to ₹84 per share |
| Issue Price Final | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,57,600 shares (aggregating up to ₹35.76 Cr) |
| Reserved for Market Maker | 2,17,600 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.83 Cr) |
| Net Offered to Public | 40,40,000 shares (aggregating up to ₹33.94 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,07,98,400 shares |
| Share Holding Post Issue | 1,50,56,000 shares |
Accuracy Shipping IPO offers total 42,57,600 shares. Out of which 20,19,200 (47.43%) allocated to QIB, 8,28,800 (19.47%) allocated to QIB, 6,06,400 (14.24%) allocated to NII, 14,14,400 (33.22%) allocated to RII and 11,90,400 (27.96%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,17,600 (5.11%) |
| QIB Shares Offered | 20,19,200 (47.43%) |
| − Anchor Investor Shares Offered | 11,90,400 (27.96%) |
| − QIB (Ex. Anchor) Shares Offered | 8,28,800 (19.47%) |
| NII (HNI) Shares Offered | 6,06,400 (14.24%) |
| Retail Shares Offered | 14,14,400 (33.22%) |
| Total Shares Offered | 42,57,600 (100.00%) |
Accuracy Shipping IPO opens on June 11, 2018, and closes on June 14, 2018.
| IPO Open Date | Mon, Jun 11, 2018 |
| IPO Close Date | Thu, Jun 14, 2018 |
| Tentative Allotment | Tue, Jun 19, 2018 |
| Initiation of Refunds | Wed, Jun 20, 2018 |
| Credit of Shares to Demat | Thu, Jun 21, 2018 |
| Tentative Listing Date | Fri, Jun 22, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 14, 2018 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,34,400 |
| Retail (Max) | 1 | 1,600 | ₹1,34,400 |
| HNI (Min) | 2 | 3,200 | ₹2,68,800 |
Incorporated in 2008, Gujarat based "Accuracy Shipping Limited" is a third party logistics solutions provider. The company offers customized and end-to-end logistics solutions and services including transportation and distribution, freight forwarding, clearing and forwarding service, custom house clearance, warehousing and value-added services to its clients. It is also engaged in the handling of project cargo, which is a specialized activity requiring detailed planning and technical expertise. The comprehensive project handling service includes designing and execution of customized solutions tailored to meet specific customer requirements for the transport of high-value specialized equipment from one location to another using multiple modes of transport. As a multimodal transport operator, it offers end-to-end freight services for export and import cargo utilizing multiple modes of transport such as sea, road, rail, and air.
Accuracy Shipping operates its business through a PAN India network consisting of a registered office at Gandhidham, 5 branch offices and over 1,300 clients as of January 31, 2018. In addition to using hired fleets, it also has a fleet of more than 150 vehicles to meet the inland transportation requirements. It also has a network of various business partners providing it with vehicles, warehouses and other assets and services for the business. At present, the company is offering its services through business partners in more than 35 countries.
The company has 169 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 5,825.34 | 4,394.03 | 2,783.54 | 1,299.16 | 520.31 | |
| Total Revenue | 20,129.20 | 17,078.99 | 16,165.61 | 9,738.73 | 3,064.89 | |
| Profit After Tax | 195.93 | 106.86 | 31.60 | 61.61 | 26.83 | |
The Company Accuracy Shipping 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 | Part repayment/prepayment of certain secured borrowings availed by our Company | 7.50 |
| 2 | Purchase of goods transportation vehicle | 5.17 |
| 3 | Funding the working capital requirements of the Company | 15.00 |
| 4 | General corporate purposes | 9.19 |
[Dilip Davda] <p><strong>Although based on superb performance for 9 months of FY18, on prima facie, it appears reasonably priced; sustainability of such performance raises concern. Hence cash surplus investors may consider investment at their own risk. </strong></p> Read detail review...
| Listing Date | June 22, 2018 |
| BSE Script Code | |
| NSE Symbol | ACCURACY |
| ISIN | INE648Z01015 |
| Final Issue Price | ₹84 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹88.00 |
| Low | ₹84.00 |
| High | ₹90.00 |
| Last Trade | ₹86.10 |
Accuracy Shipping Ltd.
Survey No 42, Plot No 11,
Meghpar Borichi,
Anjar,
Kachchh, Gujarat, 370110
Phone: 02836-258251
Email: investors@asplindia.org
Website: http://www.asplindia.org/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: accuracy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Accuracy Shipping IPO is a SME IPO of 42,57,600 equity shares of the face value of ₹10 aggregating up to ₹35.76 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
The IPO opens on June 11, 2018, and closes on June 14, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Accuracy Shipping IPO using UPI as a payment gateway. Zerodha customers can apply in Accuracy Shipping IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Accuracy Shipping IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Accuracy Shipping IPO opens on June 11, 2018 and closes on June 14, 2018.
Accuracy Shipping IPO lot size is 1600, and the minimum amount required for application is ₹1,34,400.
You can apply in Accuracy Shipping 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 Accuracy Shipping IPO will be done on Tuesday, June 19, 2018, and the allotted shares will be credited to your demat account by Thursday, June 21, 2018. Check the Accuracy Shipping IPO allotment status.
The Accuracy Shipping IPO listing date is on Friday, June 22, 2018.
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