ARVIND AND COMPANY SHIPPING (NSE SME)
October 12, 2023 – October 16, 2023
| Price | ₹45 - ₹45 |
| Premium | ₹18 |
|---|---|
| Lot size | 3000 |
| Allotment | Oct 19, 2023 |
| Listing | Oct 25, 2023 |
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/
Last updated on 16-Oct-2023 17:00:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 15,54,000 | 67,77,87,000 | 436.16 |
| RETAIL | 15,54,000 | 50,03,37,000 | 321.97 |
| Total | 31,08,000 | 1,17,81,24,000 | 379.06 |
| Retail Apps | 1,66,779 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 135000 | 518 |
| HNI | 2 | 6000 | 270000 | 518 |
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 Agencies IPO Details
| 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 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 Agencies IPO Lead Manager(s)
Beeline Capital Advisors Pvt Ltd
Company Financials
Arvind and Company Shipping Agency Limited Financial Information (Restated Standalone)
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 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 3,381.18 | 1,860.94 | 578.46 |
| Revenue | 841.10 | 331.44 | 52.51 |
| Profit | 347.12 | 100.28 | 23.75 |
| Net Worth | 914.05 | 566.92 | 467.61 |
| Reserves | 913.05 | 565.92 | 466.61 |
| Borrowing | 2,232.21 | 1,221.04 | 105.84 |
| Amount in ₹ Lakhs | |||