Arvind And Company Shipping Agencies Limited IPO Details: The scheduled date for Committed Cargo IPO has been confirmed. The IPO is set to enter the market on October 12th and conclude on October 16th. The company aims to gather approximately ₹14.74 crores via 3108000 shares through this IPO, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Arvind And Company Shipping Agencies Limited IPO?
Arvind And Company Shipping Agencies Limited (Arvind Shipping) is a private company that is planning to go public through an initial public offering (IPO) on the NSE SME platform. The IPO is expected to open in October 12, 2023.
Arvind Shipping is primarily engaged in the chartering business, chartering flat-topped barges to different coastal transporters. The company also has a hospitality business vertical, with two hotels in Jamnagar, Gujarat.
The company is offering 3108000 shares for subscription at a price of Rs. 45 per share. The IPO is expected to raise Rs. 14.74 crore, which the company plans to use for fleet expansion, working capital, and general corporate purposes.
The company’s financial performance has been improving in recent years. In FY2023, the company reported revenue of Rs. 15.8 crore and profit after tax of Rs. 2.6 crore.
The IPO is managed by Lead Managers IPO Central and Prudent Corporate Advisory Services Limited.
IPO Details
- Company Name: Arvind And Company Shipping Agencies Limited
- IPO Type: SME IPO
- Exchange: NSE SME
- Issue Size: 3108000 shares
- Price Band: Rs. 45 to per share
- Open Date: October 12, 2023
- Close Date: October 16, 2023
- Allotment Date: October 18, 2023
- Listing Date: October 20, 2023
Objectives of Arvind Shipping IPO
The objectives of the Arvind Shipping IPO are as follows:
- To raise funds for fleet expansion: The company plans to use the IPO proceeds to purchase new barges and expand its existing fleet. This will help the company to increase its capacity and meet the growing demand for barge transportation services.
- To improve working capital: The company also plans to use the IPO proceeds to improve its working capital position. This will help the company to finance its day-to-day operations and growth initiatives.
- To meet general corporate purposes: The company may also use the IPO proceeds for general corporate purposes, such as repayment of debt, capital expenditure, and strategic investments.
In addition to these objectives, the IPO will also help Arvind Shipping to raise its profile and visibility among investors and the public. This could lead to new business opportunities and partnerships for the company.
Overall, the Arvind Shipping IPO is a valuable opportunity for the company to raise funds to support its growth and expansion plans.
Arvind and Company Shipping IPO Date & Price Band Details
| IPO Open: | 12 October 2023 |
| IPO Close: | 16 October 2023 |
| IPO Size: | Approx ₹14.74, 3108000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹45 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Arvind and Company Shipping IPO Market Lot
The Arvind and Company Shipping IPO minimum market lot is [.] shares with a ₹[.] application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹135000 |
| Retail Maximum | 1 | 3000 | ₹135000 |
| S-HNI Minimum | 2 | 6000 | ₹270000 |
Arvind and Company Shipping IPO Dates
The Arvind and Company Shipping IPO date is October 12 2023 and the IPO close date is October 16 2023. The IPO allotment date is October 18 2023 and the IPO might list on October 20 2023.
| IPO Open Date: | October 12 2023 |
| IPO Close Date: | October 16 2023 |
| Basis of Allotment: | October 18 2023 |
| Refunds: | October 19 2023 |
| Credit to Demat Account: | October 19 2023 |
| IPO Listing Date: | October 20 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Arvind and Company Shipping IPO Subscription Status
For the latest update on the Karnika Industries IPO, you can check this dedicated page for IPO subscription status.
Arvind and Company Shipping IPO Allotment Status
For the latest update on the Karnika Industries IPO, you can check this dedicated page for IPO allotment status.
Arvind and Company Shipping IPO Forms
For IPO form for the Karnika Industries IPO, you can check this dedicated page for IPO Forms.
Arvind and Company Shipping Financials
The financial performance of Arvind and Company Shipping has been improving in recent years. In FY2023, the company reported revenue of Rs. 15.8 crore and profit after tax of Rs. 2.6 crore.
The company’s revenue has increased from Rs. 13.5 crore in FY2022 to Rs. 15.8 crore in FY2023, an increase of 17%. The company’s profit after tax has also increased from Rs. 2.1 crore in FY2022 to Rs. 2.6 crore in FY2023, an increase of 24%.
The company’s balance sheet is also healthy. The company has a debt-to-equity ratio of 0.5, which is below the industry average. The company also has a current ratio of 1.2, which indicates that it is able to meet its short-term liabilities.
Overall, the financial performance of Arvind and Company Shipping is strong. The company is growing its revenue and profits at a healthy pace. The company’s balance sheet is also healthy.
Here is a summary of Arvind and Company Shipping’s key financial metrics for FY2023:
| Metric | Value |
|---|---|
| Revenue | Rs. 15.8 crore |
| Profit after tax | Rs. 2.6 crore |
| Debt-to-equity ratio | 0.5 |
| Current ratio | 1.2 |
Company Promoters
- Mr. Arvind Kantilal Shah
- Mrs. Parul Arvind Shah
Arvind and Company Shipping IPO Registrar
Skyline Financial Services Pvt Ltd
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: http://www.skylinerta.com
Company Address
Arvind and Company Shipping Agencies Limited
City point 701 to 702, Fifth Floor,
Nr. Town Hall, Jamnagar- 361001, Gujarat, India
Phone: +919913411144
E-mail: info@arvindshipping.com
Website: https://www.arvindshipping.com/
Arvind and Company Shipping IPO FAQs
The company aims to gather approximately ₹14.74 crores via 3108000 shares through this IPO, each valued at ₹10.
The Arvind and Company Shipping IPO will be open on 12th October 2023.
The retail quota is 50% and HNI is 50%.
There are two ways to apply for the Arvind and Company Shipping IPO:
Through ASBA (Application Supported by Blocked Amount)
ASBA is a facility that allows you to apply for an IPO using your bank account. To apply for the IPO using ASBA, you will need to have a bank account with a bank that supports ASBA.
To apply for the IPO using ASBA, you can follow these steps:
Log in to your online bank account.
Go to the IPO section of your bank account.
Select the Arvind and Company Shipping IPO.
Enter the number of shares you want to apply for and the price you are willing to pay per share.
Confirm your application.
Your bank will block the amount of money you are applying for in your bank account until the IPO is allotted. If your application is successful, the amount will be debited from your bank account. If your application is not successful, the amount will be unblocked.
Through your broker
You can also apply for the IPO through your broker. To apply for the IPO through your broker, you will need to open a demat account with your broker.
To apply for the IPO through your broker, you can follow these steps:
Contact your broker and tell them that you want to apply for the Arvind and Company Shipping IPO.
Provide your broker with the number of shares you want to apply for and the price you are willing to pay per share.
Sign and submit the IPO application form to your broker.
Your broker will submit the IPO application form on your behalf. If your application is successful, the shares will be credited to your demat account.
Please note that you can only apply for an IPO once, either through ASBA or through your broker. If you apply for the IPO through both ASBA and your broker, your application will be rejected.
Arvind and Company Shipping IPO size is ₹14.74 crores.
The allotment date will be 18th October 2023.
The Arvind and Company Shipping IPO might list on 20th October 2023.