What you must know about Arvind and Company Shipping Agencies IPO?
by 5paisa Research Team
09 Oct 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 25-Oct-23
- IPO Price Range ₹ 45
- Listing Price ₹ 80
- Listing Change 77.8%
- Last Traded Price ₹ 51.3
- Current Change 14.0%
Arvind and Company IPO Details
- Open Date 12-Oct-23
- Close Date 16-Oct-23
- Lot Size 3000
- IPO Size ₹ 14.74 Cr
- IPO Price Range ₹ 45
- Min Investment ₹ 135000
- Listing Exchange NSE SME
- Basis of Allotment 19-Oct-23
- Refunds 20-Oct-23
- Credit to Demat Account 23-Oct-23
- Listing Date 25-Oct-23
Arvind and Company Shipping Agencies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Oct-23 | - | 11.77 | 21.40 | 18.59 |
| 13-Oct-23 | - | 19.15 | 59.48 | 41.33 |
| 16-Oct-23 | - | 436.05 | 321.97 | 385.03 |
Arvind and Company IPO Synopsis
Arvind and Company Shipping Agencies Limited IPO is all set to open from 12th October to 16th October 2023. The company operates as a carrying and forwarding agent. The IPO includes a fresh issue of 3,276,000 shares worth ₹14.74 cr. The share allotment date is 19th October, and the IPO will be listed on 25th October, on the stock exchanges. The price band is ₹45 per share and the lot size is 3000 shares.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar.
Objectives of Arvind and Company IPO:
Arvind and Company Shipping Agencies plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purpose.
● For public issue expenses.
About Arvind and Company Shipping Agencies
Established in 1987 and based in Jamnagar, Gujarat, Arvind and Company Shipping Agencies operates as a carrying and forwarding agent. The company manages various types of vessels, including Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges, and tugs for Cargo. Its primary services offered by the company are Marine Vessel services and ancillary equipment and supplies to multinational corporations.
Additionally, Arvind and Company Shipping Agencies has ventured into the hospitality industry with Hotel Millennium Plaza and Hotel 999. The company has a track record of successfully completing more than 850 projects.
Peer Comparison
The company does not have comparable listed peers.
For More Information:
Webstory on Arvind and Company Shipping IPO
Arvind and Company Shipping Agencies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 7.11 | 2.57 | 0.36 |
| EBITDA | 6.58 | 1.79 | 0.24 |
| PAT | 3.47 | 1.00 | 0.24 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 33.81 | 18.61 | 5.78 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 24.67 | 12.94 | 1.13 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 5.51 | 0.70 | -0.75 |
| Net cash from / (used in) investing activities | -14.63 | -11.38 | -0.27 |
| Net cash flow from / (used in) financing activities | 9.09 | 10.75 | 1.02 |
| Net increase (decrease) in cash and cash equivalents | -0.024 | 0.060 | 0.0002 |
Arvind and Company IPO Key Points
-
Strengths
1. The company has a competitive cost structure and efficient operations.
2. The location of facilities promotes closer association with our vendors and customers.
3. Experienced promoters and management team.
-
Risks
1. Negative cash flows in the past.
2. Revenues are highly dependent on operations in the geographical region of the state of Gujarat and on the chartering of barges.
3. As of May 31, 2023, the company has ₹ 21.53 cr of outstanding debt.
4. Lenders have charge over the movable and immovable properties in respect of finance availed.
5. The hotel industry is cyclical and sensitive to changes in the economy.
Arvind and Company
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Arvind and Company IPO FAQs
What is the minimum lot size and investment required for the Arvind and Company Shipping Agencies IPO?
The minimum lot size of Arvind and Company Shipping IPO is 3000 shares and the investment required is ₹1,35,000.
What is the price band of Arvind and Company Shipping IPO?
The price for Arvind and Company Shipping IPO is ₹45 per share.
When does the Arvind and Company Shipping Agencies IPO opens and closes?
Arvind and Company Shipping IPO opens from 12th October to 16th October 2023.
What is the size of the Arvind and Company Shipping Agencies IPO issue?
The Arvind and Company Shipping IPO size is ₹14.74 cr.
What is the allotment date of the Arvind and Company Shipping Agencies IPO?
The share allotment date of Arvind and Company Shipping IPO is 19th October 2023.
What is the Arvind and Company Shipping Agencies IPO listing date?
The Arvind and Company Shipping IPO will be listed on 25th October 2023.
Who are the book runners for the Arvind and Company Shipping Agencies IPO?
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Arvind and Company Shipping IPO.
What is the objective of the Arvind and Company Shipping IPO?
Arvind and Company Shipping Agencies plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purpose.
3. For public issue expenses.
How to apply for the Arvind and Company Shipping Agencies IPO?
To apply for Arvind and Company Shipping IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Arvind and Company Shipping Agencies IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Click here to open a free demat account with 5paisa.
Contact Details of Arvind and Company Shipping Agencies IPO
Contact Information
Arvind and Company Shipping Agencies Limited
City point 701 to 702
Fifth Floor, Nr. Town Hall
Jamnagar 361001
Phone: +919913411144
Email: info@arvindshipping.com
Website: https://www.arvindshipping.com/
Arvind and Company Shipping Agencies IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Arvind and Company Shipping Agencies IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
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