Arvind and Company Shipping Agency is scheduled to hit the market on October 12, 2023 and close on October 16, 2023. Arvind and Company Shipping Agency plans to raise around ₹14.74 Cr through an IPO with a sale of up to 3,276,000 equity shares of ₹10 each. The retail quota is 50%, Others 50%.
Founded in September 1987, Arvind and Company Shipping Agency is based in Jamnagar, Gujarat, and operates as a prominent carrying and forwarding agent. The company specializes in marine vessels, including Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges, and tugs, providing crucial services to multinational corporations.
Notably, Arvind and Company Shipping Agency has diversified its business interests, venturing into the hospitality sector with Hotel Millennium Plaza and Hotel 999. With a dedicated team of over 15 employees and a track record of successfully completing more than 850 projects, the company boasts competitive strengths including an experienced management team, efficient cost structure, and strategically advantageous facility locations that foster close relationships with vendors and customers.
Arvind and Company Shipping Agency IPO Details
Arvind and Company Shipping Agency IPO opens on Oct 12, 2023, and closes on Oct 16, 2023. The Listing date for Arvind and Company Shipping Agency IPO is on Oct 25, 2023. The price band for IPO is ₹45 per share and lot size of 3000 Shares.
| IPO Date | Oct 12, 2023 to Oct 16, 2023 |
| Listing Date | Oct 25, 2023 |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹14.74 Cr |
| Face Value | ₹10 per share |
Arvind and Company Shipping Agency IPO Tentative Timetable
Arvind and Company Shipping Agency opening date is October 12, 2023 and close date is October 16, 2023. The IPO allotment date is October 19, 2023. The refund initiation of IPO is on October 20, 2023. The credit of shares in demat account is on October 23, 2023. The listing date is on October 25, 2023.
| Event | Date |
|---|---|
| IPO Opening | Oct 12, 2023 |
| IPO Closing | Oct 16, 2023 |
| IPO Allotment Date | Oct 19, 2023 |
| Refund Initiation | Oct 20, 2023 |
| Shares Credit to Demat | Oct 23, 2023 |
| Lisiting Date | Oct 25, 2023 |
Arvind and Company Shipping Agency IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lot (3000 shares or ₹135,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹135,000 |
| Retail(Maximum) | 1 | 3000 | ₹135,000 |
| HNI (Minimum) | 2 | 6000 | ₹270,000 |
Arvind and Company Shipping Agency IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73% |
Arvind and Company Shipping Agency IPO Review
The company has shown steady revenue and profit growth over the past few years, with an average EPS of Rs. 2.81 and an average RoNW of 30.77% for the last three fiscal years. Notably, for FY23 and the initial two months of FY24, the company achieved impressive PAT margins and RoCE margins, which reflects its profitability and efficient capital utilization.
The issue is reasonably priced, with a P/BV of 2.12 based on its post-IPO NAV as of May 31, 2023. When annualizing FY24 earnings and attributing them to the post-IPO fully diluted equity capital, the P/E ratio stands at 8.01, suggesting that the issue appears reasonably valued. Furthermore, the company's diversification into the hospitality segment adds an intriguing dimension to its growth prospects. However, potential investors should consider the relatively limited track record of the company in the stock market and its unique business model when making their investment decision.
In conclusion, this IPO offers a compelling opportunity for well-informed investors who are looking for medium to long-term rewards. The company's strong financial performance, reasonable pricing, and expansion into the hospitality sector make it an option worth considering. Nonetheless, it's crucial to conduct thorough due diligence and assess the company's future prospects in both its core business and the upcoming hospitality ventures before making an investment.
Arvind and Company Shipping Agency IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
Arvind and Company Shipping Agency IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Arvind and Company Shipping Agency IPO FAQs
What is Arvind and Company Shipping Agency IPO?
Arvind and Company Shipping Agency is issuing 3,276,000 equity shares with a face value of ₹10 each, totaling up to ₹14.74 Cr. The shares are being offered at a price of ₹45 each, with a minimum order quantity of 3000 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Arvind and Company Shipping Agency IPO will open?
Arvind and Company Shipping Agency will open on October 12, 2023 for QIB, NII, and Retail Investors.
When Arvind and Company Shipping Agency IPO will end?
Arvind and Company Shipping Agency will end on October 16, 2023.
What is Arvind and Company Shipping Agency IPO Size?
Arvind and Company Shipping Agency IPO size is 14.74 Cr.
What is Arvind and Company Shipping Agency IPO Price Band?
Arvind and Company Shipping Agency price band is ₹45 per share.
What is the Arvind and Company Shipping Agency IPO Allotment Date?
Arvind and Company Shipping Agency allotment date is 19 October 2023.
What is the Arvind and Company Shipping Agency IPO Listing Date?
Arvind and Company Shipping Agency listing date is 25 October 2023. The IPO is to be listed on BSE and NSE.
How to Apply Arvind and Company Shipping Agency IPO through Zerodha?
To apply for the IPO “Arvind and Company Shipping Agency” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Arvind and Company Shipping Agency IPO through Upstox?
To apply for the IPO “Arvind and Company Shipping Agency” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Arvind and Company Shipping Agency IPO Allotment Status?
For Arvind and Company Shipping Agency IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Arvind and Company Shipping Agency IPO GMP?
You can check out here: Arvind and Company Shipping Agency IPO GMP