Accuracy Shipping IPO – Review, Allotment Status, Subscription, Price, Date & more

Last Updated Date: Nov 28, 2022

Accuracy Shipping IPO launched on 11th June 2018. The issue size of this IPO is 4,257,600 Equity Shares of Rs 10 aggregating up to Rs 35.76 Crores. The company holds 496,000 equity shares in all, out of which certain shares would be reserved for issue by the market makers. In this article, we have discussed various topics like the Accuracy Shipping IPO offer, IPO price, Accuracy Shipping IPO release date, the company’s financials and background of the promoters.

Issue Price of this IPO is Rs 81 – Rs 84. Check the Live Share Price here Accuracy Shipping Share Price
To track the performance of this IPO, click on this link – IPO Performance

Accuracy Shipping IPO Review & Ratings by Top10StockBroker

Accuracy Shipping Ratings & Review
Criteria	Ratings
Industry Sentiments	6.3/10
Industry Ranking	6.2/10
Company Background	6.6/10
Company Reputation	6.2/10
Competitive Edge	6.3/10
Financial Statements	6.5/10
Popularity Index	6.6/10
Promoters Reputation	6.3/10
Retail Appetite	6.4/10
Top Brokers Review	6.5/10
Overall Ratings	6.3/10
Star Ratings	★★★☆☆

Summary of Accuracy Shipping IPO

Accuracy Shipping IPO Accuracy Shipping, established in 2008, is a third party that offers customized and end to end logistics solutions and services including transportation and distribution, freight forwarding etc. The Company is promoted by Vinay Tripathi and Rama Tripathi.

The Promoter Vinay Tripathi has an experience of more than a decade in the logistics industry. Mr. Vinay Tripathi started his career with a job in a logistics company his own venture in logistics industry in the year 2004 with the formation of his proprietorship M/s. Balaji Shipping Agency and thereafter with a focused vision and dedicated commitment he broadened his scope of services and incorporated this Company in the year 2008 to achieve the next level growth. The company operates from Gandhidham and has 5 branch offices and over 1,300 clients as at January 31, 2018.

Accuracy Shipping IPO has to offer 4,257,600 equity shares of face value Rs. 10 each and certain portion of this would be reserved for market makers which implies that the company will offer a certain reduced number of shares to the public. The company is also considering a pre-IPO placement offer. The details of the same have been discussed in the subsequent sections of this article.

The book running lead manager for this IPO is Pantomath capital advisors, based in Mumbai and the registrar to the offer is Link Intime.

Invest in Accuracy Shipping IPO Now

Accuracy Shipping IPO Date

The IPO opens on 11th June 2018 & closes on 14th June 2018.

Accuracy Shipping IPO Subscription

	Subscription
Day 1	257,600 shares
Day 2	304,000 shares
Day 3	1,256,000 shares
Day 4	4,262,400 shares
Day 5	–

Accuracy Shipping IPO Allotment Status

Once the subscription is completed and the company is done with the allotment procedure, the details of shares allotted will be updated herein.

Accuracy Shipping IPO Price Band

The price band of this IPO is Rs.81 to Rs.84 per equity share

Accuracy Shipping IPO Issue Size

The Issue Size of IPO is Rs. 35.76 Cr.

Accuracy Shipping IPO Equity Share Offerings

4,257,600 Equity Shares of Rs 10 aggregating up to Rs 35.76 Crores.

Accuracy Shipping Limited – Company Overview

Accuracy Shipping Limited was incorporated in 2008 and is a third party logistics solutions provider. The services include – customized end -to-end logistics solutions, services including transportation and distribution, freight forwarding, clearing and forwarding service, custom house clearance, warehousing and other value added services. It also is engaged in handling of project cargo, which is a specialized activity requiring detailed planning and technical expertise. The comprehensive project handling service includes designing and execution of customized solutions tailored to meet specific customer requirements for the transport of high value specialized equipments from one location to another using multiple modes of transport. As a multimodal transport operator, it offers end – to – end freight services for export and import cargo utilizing multiple modes of transport such as sea, road, rail and air.

Accuracy Shipping Limited operates business through a PAN India network consisting of a registered office at Gandhidham, 5 branch offices and over 1,300 clients as at January 31, 2018. In addition to using hired fleets, Accuracy Shipping also have a fleet of more than 150 vehicles to meet inland transportation requirements. Their strength of fleets is one of the biggest advantage for business operations. They also have a network of various business partners providing vehicles, warehouses and other assets and services for their business. At present they are offering services through business partners over more than 35 countries.

Key Members of Accuracy Shipping Limited:

Vinay Trpathi, Managing Director & Chairman
Rama Tripathi, Wholetime Director
Hemant Shah, Executive Director
Jayantiram Choudhary, Independent Director

Competitive Strengths of Acuracy Shipping Limited:

Experienced Management
Integrated, end – to – end logistics services
Large fleet of owned vehicles ensuring reliable services
Diversified customer base across varied industry verticals
Geographical presence
Existing client relationships

Business strategy of Accuracy Shipping Limited:

Expand geographical reach
Increase fleet size
Improve and increase operational efficiencies through technology enhancements
Continue to diversify revenues from industry verticals such as e-commerce and bulk

Accuracy Shipping – Financial Statements

To understand the performance of the company, it is important to review and analyse the key financial figures and indicators of the company. For this purpose, we have collated such details and presented below:

Assets of the Company

Assets (in INR & Lakhs)
	Mar’17	Mar’16	Mar’15	Mar’14	Mar’13
Non-Current Asset	2,317	2,418	977	257	162
Current Asset	3,508	1,977	1,807	1,042	359
Total Asset	5,825	4,394	2,784	1,299	520

Revenue & PAT of the Company

Revenue & Profits (in INR & Lakhs)
	Mar’17	Mar’16	Mar’15	Mar’14	Mar’13
Total Revenue	20,129	17,079	16,166	9,739	3,065
Profit after Tax (PAT)	196	107	32	62	27

Earnings per Equity Share

Earning per Equity Share (in INR)
	Mar’17	Mar’16	Mar’15	Mar’14	Mar’13
Basic	5.44	6.78	3.31	6.44	2.81
Diluted	5.44	6.78	3.31	6.44	2.81

The total revenue has shown growth from Rs. 3,064.89 lacs to Rs. 20,129.20 lakhs, representing a CAGR of 60.03%. EBITDA has shown growth from Rs. 84.00 lakhs to Rs. 1,124.37 lakhs, representing a CAGR of 91.19%. Profit after tax has shown growth from Rs. a profit of Rs. 26.83 lakhs to a profit of Rs. 195.93 lakhs.

Accuracy Shipping Promoters

Accuracy Shipping was promoted by Vinay Tripathi & Rama Tripathi.

Promoter Interest in the company

The promoters are interested in the Company to the extent that they have promoted our Company and to the extent of their shareholding and the dividend receivable, if any and other distributions in respect of the Equity Shares held by them. Promoters may also be deemed to be interested in Company to the extent of their shareholding in the group Companies with which the company transacts during the course of its operations.

Promoters are the Directors and KMP of the Company and may be deemed to be interested to the extent of remuneration and/ or reimbursement of expenses payable to them for services rendered to us in accordance with the provisions of the Companies Act and in terms of the agreements entered into with the Company.

Promoter Interest in the property of the company

Promoters do not have any other interest in any property acquired or proposed to be acquired by the Company in a

period of two years before filing the prospectus.

Accuracy Shipping IPO Offer Details or Issue Details

Issue of Equity Shares	Upto 4,257,600 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. 81-84/- per Equity share aggregating to Rs 35.76 Crores.
Consisting of:
A) Issue reserved for market makers	[●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs.
B) Net issue to the public	[●] Equity Shares of face value of Rs. 10/- each.
Of which:
QIB Portion	2,019,192 Equity Shares shall be available for allocation of face value of Rs. 10/- each
Of which:
Anchor Investor Portion	[●] Equity Shares of face value of Rs 10/- each
Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor Investor portion is fully subscribed)	[●] Equity Shares of face value of Rs 10/- each
Of which:
Available for allocation to Mutual Funds only (5% of the QIB Portion (excluding Anchor Investor)	[●] Equity Shares of face value of Rs 10/- each
Balance of all QIBs including Mutual Funds	[●] Equity Shares of face value of Rs 10/- each
Retail portion	[●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/-per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs
Non-Institutional Portion	[●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/-per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors above Rs. 2.00 Lakhs
Pre and Post-Issue Equity Shares
Equity Shares outstanding prior to this Offer	101,20,000 Equity Shares of Rs. 10/- each
Equity Shares outstanding after this Offer	[●] Equity Shares of face value of Rs 10/- each

Accuracy Shipping IPO Issue Object

The objective of raising funds from this IPO are:

Part repayment/prepayment of certain secured borrowings availed by our Company
Purchase of goods transportation vehicle
Funding the working capital requirements of the Company
General corporate purposes

List of Upcoming IPOs in 2018

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John Energy IPO	TCNS Clothing IPO	SembCorp Energy IPO	Credit Access Grameen IPO

Accuracy Shipping IPO – Basis of the Offer Price

The Issue Price will be determined by the Company in consultation with the BRLM on the basis of an assessment of market demand for the Equity Shares through the Book Building Process and on the basis of the below discussed qualitative and quantitative factors.

Qualitative factors influencing the offer price:

Experienced Management
Integrated, end – to – end logistics services
Large fleet of owned vehicles ensuring reliable services
Diversified customer base across varied industry verticals
Geographical presence
Existing client relationships

Quantitative factors influencing the offer price:

Earning per share – The weighted average EPS for the latest 3 years is Rs. 5.53 and for FY 16-17 the EPS is Rs. 5.44
Price/earning ratio – PE ratio is one of the key indicators used for analysing the performance of a company. Also, the same can be derived once the price of the share is decided.
Return on Net Worth – The RoNW for FY 16-17 is 14.68% and the weighted average RoNW is 16.27%.
Net Asset Value – NAV per Equity Share – The net asset value per equity share as on 31 March 2017 is Rs. 14.83
Comparison of Accounting ratios with Industry peers – The peer group includes Tiger logistics, Allcargo Logistics, Sical Logistics and Total Transport.

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Accuracy Shipping IPO Lead Managers

Lead Managers

Pantomath Capital Advisors Private Limited

Accuracy Shipping IPO Registrar to offer

Registrar of the Offer

Link Intime India Private Limited

Accuracy Shipping IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Repu-tation	Compe-titive Edge	Finan-cial State-ment	Popu-larity Index	Promo-ters Repu-tation
Angel Broking	6.3/10	6.4/10	6.5/10	6.6/10	6.3/10
Sharekhan	6.4/10	6.3/10	6.2/10	6.5/10	6.3/10
Kotak Securities	6.5/10	6.3/10	6.5/10	6.3/10	6.4/10
ICICI Direct	6.2/10	6.3/10	6.4/10	6.5/10	6.5/10
IIFL	6.6/10	6.4/10	6.5/10	6.4/10	6.2/10
Edelweiss	6.3/10	6.5/10	6.3/10	6.5/10	6.3/10
Zerodha	6.4/10	6.3/10	6.2/10	6.3/10	6.4/10
5Paisa	6.3/10	6.5/10	6.3/10	6.2/10	6.2/10
Karvy	6.4/10	6.3/10	6.4/10	6.4/10	6.1/10
Motilal Oswal	6.2/10	6.4/10	6.5/10	6.5/10	6.3/10

Accuracy Shipping IPO Grey Market Premium

Grey market opens a fortnight before release of an IPO, accordingly, there is stil quite a lot of time for Accuracy Shipping IPO grey market to open. Once the market is open, the grey market premium and the kostak rates would be updated herein.

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