Arvind and Company Shipping Agencies is set to launch an IPO which will open on October 12, 2023, and close on October 16, 2023. Through this public offer company wants to raise Rs. 14.74 Crore from the primary market, Company fixed the price band of Rs. 45 with a minimum lot of 3000 shares, and list on October 25, according to the preliminary papers filed to the capital market regulator SEBI.
About Arvind and Company Shipping Agencies Company
Arvind and Company Shipping Agencies is engaged in the Chartering business, which includes chartering of barges for commercial purposes. The company’s end users are the construction companies who are required to transport heavy equipment, construction materials, etc. The company has two sources of revenue first chartering of barges and second Hotel and Hospitality. As of date company manages two hotels.
Barges are flat-bottomed boats that are designed to be used for port construction, maintenance, dredging, transporting goods, etc.
Check out the IPO allotment status on IPO Deliver.
Arvind and Company Shipping Agencies IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Capital expenditure requirement of the company.
- General corporate purposes and offer expenses.
Arvind and Company Shipping Agencies Strength
- Competitive cost structure and efficient-operation.
- Experienced promoters and management team.
Arvind and Company Shipping Agencies Risk Factor
- Operation is limited to the Gujrat region only.
- Default in companies Act compliance in the past.
Arvind and Company Shipping Agencies IPO Review & Rating
| Issue Size (Rs.) | 14.74 crore |
| Issue Price (Rs.) | 45 per share |
| Minimum Lot Size | 3,000 shares |
| Market Capitalization (Rs.) | N/A |
| Total Profit (March 2023) (Rs.) | 3.47 crore |
| RoCE (%) | 46.88% |
| Debt/Equity ratio | – |
| NAV (Rs.) | 12.17 per share |
| Listing on | NSE Emerge (SME) |
| IPO Deliver Rating | Avoid |
Arvind and Company Shipping Agencies IPO Dates, Price Band & Details
Arvind and Company Shipping Agencies IPO will open on October 12, 2023, and close on October 16, 2023. The IPO list on October 25, 2023.
| Type of issue | Fixed Price IPO |
| Issue Size (Rs.) | 14.74 Crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | October 12, 2023 |
| IPO Close Date | October 16, 2023 |
| IPO Allotment Date | October 19, 2023 |
| Refund Date | October 20, 2023 |
| Share Credit Date | October 23, 2023 |
| Listing Date | October 25, 2023 |
Arvind and Company Shipping Agencies IPO Offer
Arvind and Company Shipping Agencies IPO total issue size is 32,44,000 shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 32,76,000 | 14.74 Crore |
| Offer for Sale (OFS) | – | – |
Arvind and Company Shipping Agencies Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 711.45 | 254.40 | 35.86 |
| Net Worth | 914.05 | 566.92 | 466.61 |
| Profit | 347.12 | 100.28 | 23.75 |
| Total Borrowings | 2232.12 | 1221.04 | 105.84 |
Arvind and Company Shipping Agencies IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 4.62 | 1.34 | 0.32 |
| RoNW (%) | 46.88 | 19.39 | 5.17 |
| NAV (Rs.) | 12.17 | 7.55 | 6.23 |
Arvind and Company Shipping Agencies IPO Peers Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| N/A | – | – | – |
| N/A | – | – | – |
Arvind and Company Shipping Agencies Company Promoters
As per the DRHP and RHP, the company has four Promoter.
| Serial No. | Name |
| 01. | Arvind Kantilal Shah |
| 02. | Parul Arvind Shah |
| 03. | Chintan Arvind Shah |
| 04. | Vinit Arvind Shah |
Arvind and Company Shipping Agencies Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 100 |
| Post- Issue | 73 |
.
Arvind and Company Shipping Agencies IPO Reservation
Arvind and Company Shipping Agencies IPO total reservation of 32,76,000 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| Others- Not more than 50% of the offer size | 15,54,000 |
| RII- Not more than 50% of the offer size | 15,54,000 |
| Market Makers Reservation | 1,68,000 |
Arvind and Company Shipping Agencies IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 3,000 Shares and a maximum of 1 lot of 3,000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 3,000 | 1,35,000 |
| Retail Maximum | 1 | 3,000 | 1,35,000 |
Arvind and Company Shipping Agencies IPO – Prospectus
An investor can download/view the Arvind and Company Shipping Agencies Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Arvind and Company Shipping Agencies IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Arvind and Company Shipping Agencies IPO Registrar
Skyline Financial Services Private Limited
Tel: 011-40450193
E-Mail: ipo@skylinerta.com
Website: www.skylinerta.com
Arvind and Company Shipping Agencies IPO lead manager
Beeline Capital Advisors Private Limited
Tel No.: +91 7949185784
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
Arvind and Company Shipping Agencies IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Arvind and Company Shipping Agencies IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Arvind and Company Shipping Agencies Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Arvind and Company Shipping Agencies Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Arvind and Company Shipping Agencies Company Details
Arvind and Company Shipping Agencies Limited (1987)
Registered Office: City Point 701 & 702, Fifth floor, Nr. Town Hall, Jamnagar – 3610001, Gujrat
Tel: +91-9913411144
Email: info@arvindshipping.com
Website: www.arvindshipping.com
Investor Grievances/Compliance Officer: R D Vandra
Arvind and Company Shipping Agencies Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Arvind and Company Shipping Agencies Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Arvind Kantilal Shah |
| 02. | Parul Arvind Shah |
Arvind and Company Shipping Agencies IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Arvind and Company Shipping Agencies IPO?
Ans: Arvind and Company Shipping Agencies brings its SME IPO of Rs. 14.74 crore, on October 12, 2023, with a price band of Rs. 45 per share.
Q-2 what is Arvind and Company Shipping Agencies IPO Open date?
Ans: Arvind and Company Shipping Agencies IPO opening date is October 12, 2023.
Q-3 what is Arvind and Company Shipping Agencies IPO Close date?
Ans: Arvind and Company Shipping Agencies IPO closing date is October 16, 2023.
Q-4 What is Arvind and Company Shipping Agencies IPO Listing date?
Ans: Arvind and Company Shipping Agencies IPO listing date is October 25, 2023.
Q-5 What is Arvind and Company Shipping Agencies IPO Minimum investment amount?
Ans: Arvind and Company Shipping Agencies IPO minimum investment amount is Rs. 1,35,000.
Q-6 What is Arvind and Company Shipping Agencies IPO offer issue Size?
Ans: Arvind and Company Shipping Agencies offer an issue size of Rs. 14.74 Crores.
Q-7 What is Arvind and Company Shipping Agencies IPO Price Band?
Ans: Arvind and Company Shipping Agencies IPO price band is Rs 45 per share.
Q-8 Is Arvind and Company Shipping Agencies IPO mainboard IPO or SME IPO?
Ans: Arvind and Company Shipping Agencies IPO is the SME IPO.
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