Arvind and Company Shipping Agency 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 Agency IPO opens for subscription on October 12, 2023 and closes on October 16, 2023. The allotment for the Arvind and Company Shipping Agency IPO is expected to be finalized on Thursday, October 19, 2023. Arvind and Company Shipping Agency IPO will list on NSE SME with tentative listing date fixed as Wednesday, October 25, 2023.
Arvind and Company Shipping Agency 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 Agency IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Arvind and Company Shipping Agency IPO is Spread X Securities.
Refer to Arvind and Company Shipping Agency IPO RHP for detailed information.
Arvind and Company Shipping Agency IPO Details
| IPO Date | October 12, 2023 to October 16, 2023 |
| Listing Date | [Wednesday, 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 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 Timeline (Tentative Schedule)
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 IPO Lot Size
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 |
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% |
About Arvind and Company Shipping Agency Limited
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 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 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 9.74 |
| ROE | 46.88% |
| ROCE | 37.44% |
| EPS (Rs) | 4.62 |
| RoNW | 46.88% |
Check Arvind and Company Shipping Agency IPO Peer Comparison here.
Objects of the Issue (Arvind and Company Shipping Agency IPO Objectives)
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
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