Bookbuilding IPO | ₹36 Cr | Listed at NSE SME | Mon, Jun 11, 2018 - Thu, Jun 14, 2018
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,34,400 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 11, 2018
IPO Close
Thu, Jun 14, 2018
Issue Price
₹84 per share
Market Cap (Pre-IPO)
₹126.47 Cr
| IPO Date | 11 to 14 Jun, 2018 |
| Listed on | Fri, Jun 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹81 to ₹84 |
| Issue Price | ₹84 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,57,600 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 2,17,600 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 40,40,000 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 40,40,000 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 1,07,98,400 shares |
| Share Holding Post Issue | 1,50,56,000 shares |
| NSE Symbol | ACCURACY |
| ISIN | INE648Z01015 |
Accuracy Shipping IPO comprises a total issue size of 42,57,600 shares. The net offer to the public is 40,40,000 shares, after excluding 2,17,600 shares allotted on a firm basis. Of the Net offer 20,19,200 (49.98%) are allocated to QIB, 6,06,400 (15.01%) allocated to NII 14,14,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,19,200 | 49.98% | 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 | 15.01% | 14.24% |
| Retail Shares Offered | 14,14,400 | 35.01% | 33.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,17,600 | 5.11% | |
| Total Shares Offered | 42,57,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Accuracy Shipping IPO raises ₹10.00 crore from anchor investors. Accuracy Shipping IPO Anchor bid date is June 8, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 8, 2018 |
| Shares Offered | 11,90,400 |
| Anchor Portion (₹ Cr.) | 10.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jul 19, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Sep 17, 2018 |
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.
| 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 | 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 |
The Accuracy Shipping IPO is subscribed 1.5 times on June 14, 2018 5:00:00 PM (Day 4). The public issue subscribed 4.79 times in the retail category, 0.56 times in the QIB category, and 1.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.56 | 14,24,800 | 8,01,600 |
| NII* | 1.42 | 9,97,360 | 14,12,800 |
| Retail | 4.79 | 4,27,440 | 20,48,000 |
| Total | 1.5 | 28,49,600 | 42,62,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Manager (including Underwriting commission) | 4.13 |
| 2 | Brokerage and selling commission payable to Syndicate** | 0.03 |
| 3 | Brokerage and selling commission payable to Registered Brokers*** | 0.00 |
| 4 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs**** | 0.00 |
| 5 | Others (listing fees, legal fees, advertising, marketing, stationery charges, bankers to the Issue, auditor's fees, etc) | 0.44 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹84.00 |
| Open | ₹88.00 |
| Low | ₹84.00 |
| High | ₹90.00 |
| Last Trade | ₹86.10 |
Lead Manager Reports
Accuracy Shipping IPO is a SME IPO of 42,57,600 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹84 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Jun 11, 2018, and closes on Thu, Jun 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 Mon, Jun 11, 2018 and closes on Thu, Jun 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 Thu, Jun 21, 2018. Check the Accuracy Shipping IPO allotment status.
The Accuracy Shipping IPO listing date is on Fri, Jun 22, 2018.
