Arvind & Company Shipping Agencies Ltd

Shipping

Offer Period :

12th to 10th Oct 2023

Arvind and Company Shipping Agency, founded in September 1987 in Jamnagar, Gujarat, specializes in marine vessels' carrying and forwarding services. The company, with 15+ employees, has completed 850+ projects, Read more... has completed 850+ projects, expanded into hospitality with Hotel Millennium Plaza and Hotel 999, and is known for its experienced management, efficient operations, and strategic location.Read less

Arvind & Company Shipping Agencies Ltd IPO Details

IPO Date 12th to 10th Oct 2023 Minimum Investment ₹135000 / 1 Lots
Listing Date 2023-10-25 Maximum Investment ₹135000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹14.74 Crores
Price ₹45 to ₹45 per share Fresh Issue ₹14.74 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 12th to 10th Oct 2023
Listing Date 2023-10-25
Face Value ₹10 per share
Price ₹45 to ₹45 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹135000 / 1 Lots
Maximum Investment ₹135000 / 1 Lots
Total Issue Size ₹14.74 Crores
Fresh Issue ₹14.74 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

12th Oct

IPO Starts

16th Oct

IPO Ends

19th Oct

Allotment Date

20th Oct

Initiation of Refund

23rd Oct

Credit of Shares to Demat Account

25th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.66 72.76
Public Group 0.34 27.24

Arvind & Company Shipping Agencies Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1554000(47.44%)
Retail Shares Offered 1554000(47.44%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3276000
Total Shares With Anchor Investor 3276000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Arvind & Company Shipping Agencies Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number 011-40450193-197
Email Id Ipo@skylinerta.com
Our Website www.skylinerta.com

Arvind & Company Shipping Agencies Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Arvind & Company Shipping Agencies Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Arvind & Company Shipping Agencies Ltd

1. Experienced Promoters and Management Team.

2. Competitive cost structure and efficient operations.

3. Location of its facilities promotes closer association with its vendors and customers.

Risks Involved

1. The company revenues are highly dependent on its operations in the geographical region of state of Gujarat. Any adverse development affecting the company operations in this region could have an adverse impact on its business, financial condition and results of operations.

2. Its revenue and profits are largely dependent on chartering of barges.

3. The company's top 5 customers contribute a significant portion of its revenue from operations.

4. The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers, and appellate authorities.

5. The Company has in the past has made certain inadvertent erroneous filings under Companies Act, 1956 and Companies Act, 2013. Further, there have also been instances where the Company has inadvertently filed incorrect information with the RoC in its statutory filings.

6. Some of its corporate records, including forms filed with the Registrar of Companies are not traceable. The company cannot assure you that these forms of filings will be available in the future or that its will not be subject to any penalties imposed by the relevant regulatory authority in this respect.

7. The company does not own registered Office and one of its hotel viz. Hotel 999 is used by it.

8. The Company operates under several statutory and regulatory permits, licenses and approvals. Its failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.

9. The company have incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on its business and the results of operations.

10. The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cash flows.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Arvind & Company Shipping Agencies Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-25 65195 ACSAL
INE0P4T01013
₹45 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹45 ₹45
Open ₹0 ₹80
Low ₹0 ₹76
High ₹0 ₹84
Low ₹0 ₹76

Frequently Asked Questions

What is Arvind & Company Shipping Agencies Ltd IPO?

Answer Field

Arvind & Company Shipping Agencies Ltd IPO is a SME IPO of 32,76,000 equity shares of a face value of ₹10 aggregating up to ₹14.74 Crores. The issue is priced at ₹45 to ₹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 Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Arvind & Company Shipping Agencies Ltd IPO will open?

Answer Field

The Arvind & Company Shipping Agencies Ltd IPO opens on October 12, 2023 and closes on October 16, 2023.

What is the lot size of Arvind & Company Shipping Agencies Ltd?

Answer Field

Arvind & Company Shipping Agencies Ltd lot size is 3000 shares, and the minimum amount required is ₹1,35,000.

How to apply for Arvind & Company Shipping Agencies Ltd IPO?

Answer Field

You can apply in Arvind & Company Shipping Agencies Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Arvind & Company Shipping Agencies Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Arvind & Company Shipping Agencies Ltd IPO will be done on October 19, 2023, and the allotted shares will be credited to your demat account by October 23, 2023.

When is Arvind & Company Shipping Agencies Ltd IPO listing date?

Answer Field

The Arvind & Company Shipping Agencies Ltd listing date is October 25, 2023.

Who is the registrar of Arvind & Company Shipping Agencies Ltd IPO?

Answer Field

The registrar of Arvind & Company Shipping Agencies Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Arvind & Company Shipping Agencies Ltd IPO?

Answer Field

The fresh issue size is ₹14.74 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Arvind & Company Shipping Agencies Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,35,000 amount.

How can I approve the UPI mandate request for Arvind & Company Shipping Agencies Ltd IPO?

Answer Field

To apply for Arvind & Company Shipping Agencies Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Arvind & Company Shipping Agencies Ltd?

Answer Field

The price of each Arvind & Company Shipping Agencies Ltd share will be ranging in between ₹45 to ₹45 per share.

What is the cut-off time for the UPI mandate for Arvind & Company Shipping Agencies Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 16, 2023.

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