Arvind And Company Shipping Agency IPO: The fixed price issuance for the Arvind and Company Shipping Agency is worth Rs 14.74 crores. The entire 32.76 lakh share offering is a new issuance. The price per share for the IPO of Arvind and Company Shipping Agency is 45. 3000 Shares are the bare minimum lot size for an application. Investments from retail investors must be at least 135,000. For HNI, two lots (6,000 shares), or a minimum investment of ₹270,000, are the required minimum lot size.
The subscription period for the IPO of Arvind and Company Shipping Agency begins on October 12 and ends on October 16 of that same year. On Thursday, October 19, 2023, the Arvind and Company Shipping Agency IPO’s allotment is anticipated to be completed. The proposed listing date for the Arvind and Company Shipping Agency IPO on the NSE SME is set for Wednesday, October 25, 2023.
The registrant for the Arvind and Company Shipping Agency IPO is Skyline Financial Services Private Ltd, while Beeline Capital Advisors Pvt Ltd is the book-running lead manager. Spread X Securities is the market maker for the IPO of Arvind and Company Shipping Agency.
Arvind And Company Shipping Agency IPO Overview
| Arvind And Company Shipping Agency Limited Company Overview | |
|---|---|
| Company Name | Arvind And Company Shipping Agency Limited |
| IPO Opening Date | 12 October, 2023 |
| IPO Closing Date | 16 October, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 45₹ |
| Lot Size | 3000 Shares Per Lot |
| GMP | Check Here |
| Issue Type | Fixed Price Issue |
| Total IPO Issue Size | 3,276,000 Shares |
| Fresh Issue Size | 3,276,000 Shares |
| IPO Listing At | NSE SME |
| Share Holding Pre Issue | 8,861,800 |
| Share Holding Post Issue | 12,137,800 |
| More IPO’s | Check Here |
Arvind And Company Shipping Agency IPO Lot Size
| Arvind And Company Shipping Agency Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 01 Lot |
| Minimum HNI Applications | 02 Lots |
| Total Shares In Single Lot | 3000 Shares |
| Amount For Single Lot | ₹135,000 |
Arvind And Company Shipping Agency IPO Time Table (Tentative)
| Arvind And Company Shipping Agency Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 12 October, 2023 |
| IPO Ending Date | 16 October, 2023 |
| Basis Of Allotment | 19 October, 2023 |
| Initiation Of Refund | 20 October, 2023 |
| Shares Credit To Demat Account | 23 October, 2023 |
| Date Of Listing | 25 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 16 October, 2023 |
Arvind And Company Shipping Agency IPO Reservation Details
| Arvind And Company Shipping Agency Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | 50% Of Net Offer |
| Shares Offered To Others | 50% Of Net Offer |
Arvind And Company Shipping Agency Company Financials
| Arvind And Company Shipping Agency Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 841.10 Lakh |
| Assets | 3,381.18 Lakh |
| Profit After Tax | 347.12 Lakh |
| Net Worth | 914.05 Lakh |
| Reserves And Surplus | 913.05 Lakh |
| Debt | 2,231.21 Lakh |
Arvind And Company Shipping Agency Promoters Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73% |
Arvind And Company Shipping Agency Key Performance Indicators
| Arvind And Company Shipping Agency Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| P/E (X) | 9.74 |
| EPS | 4.62 |
| ROE | 46.88% |
| ROCE | 37.44% |
| RoNW | 46.88% |
Is Arvind And Company Shipping Agency IPO Good Or Bad To Buy? (Review)
The company’s current source of income is the chartering of barges. During the second part of the current fiscal year, it will begin operating initiatives in the hospitality sector. Annualized earnings for FY24 suggest that the issue is properly valued. Knowledgeable investors may set money aside for medium- to long-term gains.
What Is The Future Of Arvind And Company Shipping Agency Stock?
Jamnagar, Gujarat-based Arvind and Company Shipping Agency was established in September 1987. The company transports and forwards agents as its business. The company uses barges, flat top barges, crane mounted barges, hopper barges, spud barges, and cargo tugs in its operations. The company primarily offers marine vessel and ancillary equipment services and provides equipment to large multinational corporations.
With the acquisition of Hotel Millennium Plaza and Hotel 999, the company has also broadened its range of offerings. With more than 15 staff, Arvind and Company Shipping Agency Limited has finished more than 850 contracts.
Competitive capability.
- Promoters with experience and a management team.
- Cost structure that is competitive and effective operations.
- The facilities’ location encourages tighter relationships with the suppliers and clients.
What Is The Objective Of Arvind And Company Shipping Agency IPO Issue?
- Financing the company’s capital expenditures.
- Broader corporate objectives.
- To cover the costs of public issues
How To Apply For Arvind And Company Shipping Agency IPO?
You can apply for the Arvind and Company Shipping Agency IPO online and pay using either UPI or ASBA. You can access the ASBA IPO application through your bank account’s net banking. Brokers who do not possess a banking license may use UPI to file for an IPO.