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Arvind & Co.Shipping IPO is a fixed price issue of ₹14.74 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹14.74 crore.
Arvind & Co.Shipping IPO bidding started from Oct 12, 2023 and ended on Oct 16, 2023. The allotment for Arvind & Co.Shipping IPO was finalized on Oct 19, 2023. The shares got listed on NSE SME on Oct 25, 2023.
Arvind & Co.Shipping IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Arvind & Co.Shipping IPO RHP for detailed Information.
| IPO Date | October 12, 2023 to October 16, 2023 |
| Listing Date | October 25, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,76,000 shares (aggregating up to ₹14.74 Cr) |
| Reserved for Market Maker | 1,68,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.7560 Cr) |
| Net Offered to Public | 31,08,000 shares (aggregating up to ₹13.99 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 88,61,800 shares |
| Share Holding Post Issue | 1,21,37,800 shares |
Arvind and Company Shipping Agencies IPO offers total 32,76,000 shares. Out of which 15,54,000 (47.44%) allocated to NII, 15,54,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,68,000 (5.13%) |
| NII (HNI) Shares Offered | 15,54,000 (47.44%) |
| Retail Shares Offered | 15,54,000 (47.44%) |
| Total Shares Offered | 32,76,000 (100.00%) |
Arvind & Co.Shipping IPO opens on October 12, 2023, and closes on October 16, 2023.
| IPO Open Date | Thu, Oct 12, 2023 |
| IPO Close Date | Mon, Oct 16, 2023 |
| Tentative Allotment | Thu, Oct 19, 2023 |
| Initiation of Refunds | Fri, Oct 20, 2023 |
| Credit of Shares to Demat | Mon, Oct 23, 2023 |
| Tentative Listing Date | Wed, Oct 25, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 16, 2023 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Arvind and Company Shipping Agency Limited's revenue increased by 153.77% and profit after tax (PAT) rose by 246.15% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,381.18 | 1,860.94 | 578.46 |
| Total Income | 841.10 | 331.44 | 52.51 |
| Profit After Tax | 347.12 | 100.28 | 23.75 |
| Net Worth | 914.05 | 566.92 | 467.61 |
| Reserves and Surplus | 913.05 | 565.92 | 466.61 |
| Total Borrowing | 2,232.21 | 1,221.04 | 105.84 |
| Amount in ₹ Lakhs | |||
The market capitalization of Arvind & Co.Shipping IPO is ₹54.62 Cr.
| KPI | Values |
|---|---|
| ROE | 46.88% |
| ROCE | 37.44% |
| Debt/Equity | 2.44 |
| RoNW | 46.88% |
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
[Dilip Davda] The company is currently having barges chartering services as its source of income. It has ventures in to hospitality segment that will be operational during second half of current fiscal. Based on FY24 annualized earnings, the issue appears reasonably priced. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
| Listing Date | October 25, 2023 |
| BSE Script Code | |
| NSE Symbol | ARVINDPORT |
| ISIN | INE0P4T01013 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹80.00 |
| Low | ₹76.00 |
| High | ₹84.00 |
| Last Trade | ₹80.05 |
Arvind & Co.Shipping Agencies Ltd.
City point 701 to 702
Fifth Floor,
Nr. Town Hall,
Jamnagar, Gujarat, 361001
Phone: +919913411144
Email: info@arvindshipping.com
Website: https://www.arvindshipping.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Arvind & Co.Shipping IPO is a SME IPO of 32,76,000 equity shares of the face value of ₹10 aggregating up to ₹14.74 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on October 12, 2023, and closes on October 16, 2023.
Skyline Financial 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 Arvind & Co.Shipping IPO using UPI as a payment gateway. Zerodha customers can apply in Arvind & Co.Shipping IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arvind & Co.Shipping IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arvind & Co.Shipping IPO opens on October 12, 2023 and closes on October 16, 2023.
Arvind & Co.Shipping IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Arvind & Co.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 Arvind & Co.Shipping IPO will be done on Thursday, October 19, 2023, and the allotted shares will be credited to your demat account by Monday, October 23, 2023. Check the Arvind & Co.Shipping IPO allotment status.
The Arvind & Co.Shipping IPO listing date is on Wednesday, October 25, 2023.
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