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Arvind and Company Shipping Agencies IPO is a fixed price issue of Rs 14.74 crores. The issue is entirely a fresh issue of 32.76 lakh shares.
Arvind and Company Shipping Agencies IPO bidding started from October 12, 2023 and ended on October 16, 2023. The allotment for Arvind and Company Shipping Agencies IPO was finalized on Thursday, October 19, 2023. The shares got listed on NSE SME on October 25, 2023.
Arvind and Company Shipping Agencies IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Arvind and Company Shipping Agencies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Arvind and Company Shipping Agencies IPO is Spread X Securities.
Refer to Arvind and Company Shipping Agencies IPO RHP for detailed information.
| 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 Spread X Securities |
Arvind and Company Shipping Agencies IPO offers 3,276,000 shares. 1,554,000 (47.44%) to NII, 1,554,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 168,000 (5.13%) |
| Other Shares Offered | 1,554,000 (47.44%) |
| Retail Shares Offered | 1,554,000 (47.44%) |
| Total Shares Offered | 3,276,000 (100%) |
Arvind and Company Shipping Agencies 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 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
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% |
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 |
| 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 |
| Amount in ₹ Lakhs | |||
The market capitalization of Arvind and Company Shipping Agencies IPO is Rs 54.62 Cr.
| KPI | Values |
|---|---|
| ROE | 46.88% |
| ROCE | 37.44% |
| Debt/Equity | 2.44 |
| RoNW | 46.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.62 | |
| P/E (x) | 9.74 | 8.01 |
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...
The Arvind and Company Shipping Agencies IPO is subscribed 385.03 times on October 16, 2023 7:29:00 PM. 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) |
|---|---|
| Other | 436.05 |
| Retail | 321.97 |
| Total | 385.03 |
Total Application : 166,780 (321.97 times)
| Listing Date | October 25, 2023 |
| BSE Script Code | |
| NSE Symbol | ACSAL |
| ISIN | INE0P4T01013 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹80.00 |
| ₹76.00 |
| ₹84.00 |
| ₹80.05 |
Arvind and Company Shipping Agencies Limited
City point 701 to 702
Fifth Floor, Nr. Town Hall
Jamnagar 361001
Phone: +919913411144
Email: info@arvindshipping.com
Website: https://www.arvindshipping.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Arvind and Company Shipping Agencies IPO is a SME IPO of 3,276,000 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 Shares.
The IPO opens on October 12, 2023, and closes on October 16, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Arvind and Company Shipping Agencies IPO using UPI as a payment gateway. Zerodha customers can apply in Arvind and Company Shipping Agencies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arvind and Company Shipping Agencies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arvind and Company Shipping Agencies IPO opens on October 12, 2023 and closes on October 16, 2023.
Arvind and Company Shipping Agencies IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Arvind and Company Shipping Agencies 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 Arvind and Company Shipping Agencies 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 and Company Shipping Agencies IPO allotment status.
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