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Aarvi Encon IPO is a fixed price issue of Rs 21.24 crores.
Aarvi Encon IPO bidding started from September 21, 2017 and ended on September 26, 2017. The shares got listed on NSE SME on October 5, 2017.
Aarvi Encon IPO price is ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Aarvi Encon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Aarvi Encon IPO RHP for detailed information.
| IPO Date | September 21, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,934,000 shares (aggregating up to ₹21.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,850,000 |
| Share holding post issue | 14,784,000 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| Lot Size Calculator | |||
Incorporated in 1987, Aarvi Encon Limited ia an ISO 9001:2008 and OHSAS certified Company provides engineering and manpower outsourcing services in India and internationally. The company offers IT staffing, manpower outsourcing/technical staffing/manpower deputation, project management, construction supervision, procurement assistance/expediting, inspection, pre-commissioning and commissioning, operation and maintenance and shutdown services. Cllient list included Reliance Industries, Cairn India, HPCL Mittal, Bechtel etc.
It serves oil and gas, power, LNG, PNG, refinery, petrochemical, pipeline, wind power, solar power, offshore, exploration and production, infrastructure, ports and terminal, telecom, fertilizer, cement, automobile, metro and mono rail, railway, metal and mineral, information technology industries.
The objects of the Issue are:
1. To meet the working capital requirements of the Company;
2. Acquisitions and Other Strategic Initiatives;
3. General Corporate Purposes;
4. Issue Expenses.
[Dilip Davda] Considering reasonable pricing, investment may be considered for medium to long term. Read detail review...
The Aarvi Encon IPO is subscribed times on September 26, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | October 5, 2017 |
| BSE Script Code | |
| NSE Symbol | AARVI |
| ISIN | INE754X01016 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹54.00 |
| ₹56.00 |
| ₹54.00 |
| ₹57.80 |
| ₹54.50 |
Aarvi Encon Ltd
603, B1 Wing, Marathon Innova,
Marathon Nextgen Complex,
Lower Parel (W), Mumbai – 400013
Phone: +91-22-40499999
Email: info@aarviencon.com
Website: http://www.aarviencon.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Aarvi Encon IPO is a SME IPO of 3,934,000 equity shares of the face value of ₹10 aggregating up to ₹21.24 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 21, 2017, and closes on September 26, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Aarvi Encon IPO opens on September 21, 2017 and closes on September 26, 2017.
Aarvi Encon IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
You can apply in Aarvi Encon IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aarvi Encon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aarvi Encon IPO allotment status.
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