IPO Details
Bidding Dates
12 Oct '23 - 16 Oct '23
Minimum Investment
₹1,35,000 / 1 Lots ( 3000 Shares )
Price Range
₹45
Maximum Investment
₹1,35,000 / 1 Lots ( 3000 Shares )
Retail Discount
Not Applicable
Issue Size
₹14.74 Cr
Investor category and sub category
Retail Individual Bidders | Non-Institutional Bidders |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Oct 12, 2023
Closing Date
Oct 16, 2023
Allotment Date
Oct 19, 2023
Initiation of Refunds
Oct 20, 2023
Credit of Shares to Demat
Oct 23, 2023
Listing Date
Oct 25, 2023
Cut-off time for UPI mandate confirmation
Oct 16, 2023
Arvind and Company Shipping Agencies IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Oct 12, 2023 |
11.75 | 20.90 | 18.33 |
Arvind and Company Shipping Agencies IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Investors | 11.75 |
| Retail Investors | 20.90 |
| Total | 18.33 |
About Arvind and Company Shipping Agencies Limited
Arvind and Company Shipping Agencies Limited was incorporated in 1987. The company is engaged in the business of carrying and forwarding agents. It is mainly involved in chartering business. Chartering activities primarily include chartering of Barge for commercial purposes.
The company has two business verticals: the Chartering of Barges and Hotel and Hospitality. During FY 2023, it derived 100% of its revenue from the Chartering of Barges business.
In India, Ports handle around 95% of the international trade volume of the country. In addition, the increasing trade activities and private participation in port infrastructure will likely support port infrastructure activity in India. The government is also pushing the growth of the sector. As a result, the total allocation for the Ministry of Shipping was ₹1,709.50 crore in the union budget 2022-23. In addition, the government is planning to invest US$ 82 billion in port projects by 2035.
Arvind and Company Shipping Agencies Limited IPO Date
Arvind and Company Shipping Agencies Limited IPO is open from October 12, 2023, to October 16, 2023.
Arvind and Company Shipping Agencies Limited IPO Price Band
Arvind and Company Shipping Agencies Limited is a fixed-price IPO, with the price set at ₹45 per share.
Arvind and Company Shipping Agencies Limited IPO Lot Size
The Arvind and Company Shipping Agencies Limited IPO lot size is 3,000 shares per lot.
Arvind and Company Shipping Agencies Limited IPO Objectives
The net proceeds of the fresh issue are proposed to be utilised in the following manner:
- Funding capital expenditure.
- General Corporate Purposes.
Peer Details
As per DRHP, the company has no listed peers.
How to Check the Allotment Status of the Arvind and Company Shipping Agencies Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Arvind and Company Shipping Agencies Limited
Registered office: City point 701 to 702, Fifth Floor, Nr. Town Hall, Jamnagar 361001, Gujarat, India.
Phone: +91 9913411144
E-mail: info@arvindshipping.com
Arvind and Company Shipping Agencies Company Financials
| Particulars | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 841.10 | 331.44 | 52.51 |
| Profit for the Year | 347.12 | 100.28 | 23.75 |
| Return on Equity | 46.88% | 19.39% | 5.17% |
| Return on Capital Employed | 37.44% | 20.97% | 3.46% |
Know before investing
Strengths
2-
The company possesses competitive strength as it maintains a competitive cost structure and efficient operations. It offers competitive pricing for barge rentals and hotel accommodations with the help of a lean cost structure. As a result, it is attracting more customers and gaining a larger market share.
-
Looking forward, it is planning for cost reductions in order to have a competitive edge against its rivals. The company will continue to invest in operational excellence throughout the organisation. In addition, it is planning to improve its barge portfolio by adding new barges every year.
Risks
2-
The company is highly dependent on Gujarat for generating ist 100% revenues. Any adverse development in the state could impact its business, financial condition and results.
-
The company’s Promoters and Directors are facing major litigations. Any unfavourable decision could hamper the business performance.
Over-Subscribed385.03 times
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Arvind and Company Shipping Agencies IPO FAQs
Arvind and Company Shipping Agencies Limited is a 100% fresh issue IPO. It is a fixed price issue priced at ₹45 per share.
The allotment date is Friday, October 19, 2023.
The IPO subscription window is October 12, 2023, to October 16, 2023.
The minimum lot size is 3,000 shares per lot.
Arvind and Company Shipping Agencies Limited IPO will be listed on the NSE SME on October 25, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on October 25, 2023, on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
