Arvind and Company Shipping Agencies Limited IPO
₹45
3000
385.03
| Open Date: | 12-Oct-2023 |
| Close Date: | 16-Oct-2023 |
| Allotment Date: | 19-Oct-2023 |
| Listing Date: | 25-Oct-2023 |
| Listing Price: | ₹57.45/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹45 Per Equity Share |
| Issue Size: | 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) |
| Market Lot (Min Amount): | Retail - ₹135,000 : HNI - ₹270,000 |
As on | QIB / Nll | Rll | Total |
|---|---|---|---|
| Shares Offered/Reserved | 1,554,000 | 1,554,000 | 3,108,000 |
| Day 1 - 12-10-23 05:00 PM | 11.77x | 21.40x | 18.59x |
| Day 2 - 13-10-23 05:00 PM | 19.15x | 59.48x | 41.33x |
| Day 3 - 16-10-23 05:00 PM | 436.05x | 321.97x | 385.03x |
| Total No. of Application: | 166,780 (Approx.) | ||
| Retail Subscription on the basis of Apps: | 321.97x | ||
| Earning Per Share(EPS) | ₹4.62/- |
| P/E Ratio | 9.74 |
| RoNW | 46.88% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 3,381.18 | 841.10 | 347.12 |
| 31 Mar,2022 | 1,860.94 | 331.44 | 100.28 |
| 31 Mar,2021 | 578.46 | 52.51 | 23.75 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73% |
| 1. Mr Arvind Kantilal Shah |
| 2. Mr Vinit Arvind Shah |
| 3. Mrs Parul Arvind Shah |
| 4. Mr Chintan Arvind Shah |
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
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.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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Thank you.