Arvind and Company Shipping Agency IPO Date, GMP, Price, Analysis and Review
![Arvind and company shipping agency ipo date, gmp, price, analysis and review 1 Arvind & company shipping agency limited ipo gmp details](https://www.gmpipo.com/wp-content/uploads/Arvind-Company-Shipping-Agency-limited-IPO-GMP-Details.png)
Arvind and Company Shipping Agency Limited, Incorporated in September 1987, is based in Jamnagar, Gujarat. The company specializes in carrying and forwarding agency services, primarily operating vessels such as Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges, and tugs for cargo transportation. Its services revolve around marine vessels and ancillary equipment, supplying equipment to multinational corporations.
Additionally, the company has diversified its business by venturing into the hospitality sector with Hotel Millennium Plaza and Hotel 999.
Arvind and Company Shipping Agency Limited boasts a workforce of over 15 employees and has successfully executed more than 850 projects.
Key Competitive Strengths:
- Seasoned Promoters and an Experienced Management Team.
- Competitive cost structure and streamlined operations.
- Favorable facility locations fostering stronger connections with vendors and customers.
Objects of the Issue (Arvind and Company Shipping Agency IPO Objectives)
The funds raised from the Fresh Issue will be utilized for the following purposes:
- Financing the Company’s Capital Expenditure.
- Meeting General Corporate Needs.
- Covering the Expenses Related to the Public Issue.
Arvind and Company Shipping Agency IPO Details
Arvind and Company Shipping Agency IPO is a fixed-price offering of ₹14.74 crores. The entire issue consists of a fresh allotment of 32.76 lakh shares.
IPO Date | October 12, 2023 to October 16, 2023 |
Listing Date | October 25, 2023 |
Face Value | ₹10 per share |
Price | ₹45 per share |
Lot Size | 3000 Shares |
Total Issue Size | 3,276,000 shares (aggregating up to ₹14.74 Cr) |
Fresh Issue | 3,276,000 shares (aggregating up to ₹14.74 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 8,861,800 |
Share holding post issue | 12,137,800 |
Market Maker portion | 168,000 shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Arvind and Company Shipping Agency IPO Reservation
Investor Category | Shares Offered |
---|---|
Retail Shares Offered | 50% of the Net issue |
Other Shares Offered | 50% of the Net issue |
Arvind and Company Shipping Agency IPO Lot Size
Investors must bid for a minimum of 3000 shares and can bid in multiples of 3000 shares. The table below outlines the minimum and maximum investment amounts for both retail investors and HNIs in terms of shares and value.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹135,000 |
Retail (Max) | 1 | 3000 | ₹135,000 |
HNI (Min) | 2 | 6,000 | ₹270,000 |
Arvind and Company Shipping Agency IPO Dates
Arvind and Company Shipping Agency IPO opens on October 12, 2023, and closes on October 16, 2023.
IPO Open Date | Thursday, October 12, 2023 |
IPO Close Date | Monday, October 16, 2023 |
Basis of Allotment | Thursday, October 19, 2023 |
Initiation of Refunds | Friday, October 20, 2023 |
Credit of Shares to Demat | Monday, October 23, 2023 |
Listing Date | Wednesday, October 25, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on October 16, 2023 |
Arvind and Company Shipping Agency Financial Report
Arvind and Company Shipping Agency Limited witnessed a substantial growth in its revenue, surging by 153.77%, while its profit after tax (PAT) showed a remarkable increase of 246.15% between the financial years ending on 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 |
Revenue | 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 |
Key Performance Indicator of Arvind and Company Shipping Agency
KPI | Values |
---|---|
P/E (x) | 9.74 |
ROE | 46.88% |
ROCE | 37.44% |
EPS (Rs) | 4.62 |
RoNW | 46.88% |
Arvind and Company Shipping Agency IPO Promoter Holding
Mr Arvind Kantilal Shah, Mr Vinit Arvind Shah, Mrs Parul Arvind Shah and Mr Chintan Arvind Shah are the promoters of the company
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 73% |
Arvind and Company Shipping Agency IPO Contact Details
Arvind and Company Shipping Agency Limited
City point 701 to 702
Fifth Floor, Nr. Town Hall
Jamnagar361001
Phone: +919913411144
Email: info@arvindshipping.com
Website: https://www.arvindshipping.com/
Arvind and Company Shipping Agency IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Arvind and Company Shipping Agency IPO FAQs
What is Arvind and Company Shipping Agency IPO?
Arvind and Company Shipping Agency IPO is a SME IPO offering 3,276,000 equity shares with a face value of ₹10, aggregating up to ₹14.74 Crores. The IPO is priced at ₹45 per share, and the minimum order quantity is 3000 Shares. The IPO subscription period is from October 12, 2023, to October 16, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on NSE SME.
How can I apply for Arvind and Company Shipping Agency IPO through Zerodha?
Zerodha customers can apply for Arvind and Company Shipping Agency IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), and submit the IPO application form.
Here are the steps to apply for Arvind and Company Shipping Agency IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Navigate to Portfolio and click on the IPOs link.
3. Find the ‘Arvind and Company Shipping Agency IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When will Arvind and Company Shipping Agency IPO open?
Arvind and Company Shipping Agency IPO opens on October 12, 2023, and closes on October 16, 2023.
What is the lot size for Arvind and Company Shipping Agency IPO?
The lot size for Arvind and Company Shipping Agency IPO is 3000 Shares, with a minimum investment requirement of ₹135,000.
How can I apply for Arvind and Company Shipping Agency IPO?
You can apply for Arvind and Company Shipping Agency IPO online using UPI or ASBA as a payment method. ASBA IPO application is available through the net banking of your bank account. UPI IPO application is offered by brokers that do not provide banking services. For more details on applying for an IPO online, you can refer to the processes at Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Arvind and Company Shipping Agency IPO allotment take place?
The Basis of Allotment for Arvind and Company Shipping Agency IPO will be finalized on Thursday, October 19, 2023. The allotted shares will be credited to your demat account by Monday, October 23, 2023. You can check the Arvind and Company Shipping Agency IPO allotment status.
When is the Arvind and Company Shipping Agency IPO listing date?
The listing date for Arvind and Company Shipping Agency IPO has not been announced yet. The tentative listing date is Wednesday, October 25, 2023.