Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Thu, Oct 12, 2023 - Mon, Oct 16, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Oct 12, 2023
IPO Close
Mon, Oct 16, 2023
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹54.62 Cr
| IPO Date | 12 to 16 Oct, 2023 |
| Listed on | Wed, Oct 25, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,76,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,68,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.7560 Cr) |
| Fresh Issue (Ex Market Maker) | 31,08,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 31,08,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 88,61,800 shares |
| Share Holding Post Issue | 1,21,37,800 shares |
| NSE Symbol | ARVINDPORT |
| ISIN | INE0P4T01013 |
Arvind & Co.Shipping IPO comprises a total issue size of 32,76,000 shares. The net offer to the public is 31,08,000 shares, after excluding 1,68,000 shares allotted on a firm basis. Of the Net offer 15,54,000 (50.00%) allocated to NII 15,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,54,000 | 50.00% | 47.44% |
| Retail Shares Offered | 15,54,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,68,000 | 5.13% | |
| Total Shares Offered | 32,76,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 33.81 | 18.61 | 5.78 |
| Total Income | 8.41 | 3.31 | 0.53 |
| Profit After Tax | 3.47 | 1.00 | 0.24 |
| NET Worth | 9.14 | 5.67 | 4.68 |
| Reserves and Surplus | 9.13 | 5.66 | 4.67 |
| Total Borrowing | 22.32 | 12.21 | 1.06 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure of the company | 11.02 |
| 2 | General Corporate Purpose | 1.82 |
| KPI | |
|---|---|
| ROE | 46.88% |
| ROCE | 37.44% |
| Debt/Equity | 2.44 |
| RoNW | 46.88% |
| PAT Margin | 48.79% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.62 | |
| P/E (x) | 9.74 | 8.01 |
| Promoter Holding | 100% | 73% |
| Market Cap | ₹54.62 Cr. |
The Arvind and Company Shipping Agencies IPO is subscribed 385.03 times on October 16, 2023 7:29:00 PM (Day 3). The public issue subscribed 321.97 times in the retail category, [.] times in the QIB category, and 436.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 436.05 | 15,54,000 | 67,76,19,000 |
| Retail | 321.97 | 15,54,000 | 50,03,40,000 |
| Total | 385.03 | 31,08,000 | 1,19,66,79,000 |
Total Application : 1,66,780
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.98 |
| 2 | Fees Payable to Advisor to the Issue | 0.75 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.05 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.04 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹80.00 |
| Low | ₹76.00 |
| High | ₹84.00 |
| Last Trade | ₹80.05 |
Lead Manager Reports
Arvind & Co.Shipping IPO is a SME IPO of 32,76,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Oct 12, 2023, and closes on Mon, Oct 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 Thu, Oct 12, 2023 and closes on Mon, Oct 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 Mon, Oct 23, 2023. Check the Arvind & Co.Shipping IPO allotment status.
The Arvind & Co.Shipping IPO listing date is on Wed, Oct 25, 2023.
