Arvind and Company Shipping Agency IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 16, 2023Let’s have a detailed review of the company and analytics of the Arvind and Company Shipping Agency IPO release date, IPO offer price, subscription, Arvind and Company Shipping Agency Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 45 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | October 25, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,474 Lakh |
| IPO Size | Rs 1,474 Lakh |
| Tick Size | 1 |
Arvind and Company Shipping Agency IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Arvind and Company Shipping Agency Share Price |
Arvind and Company Shipping Agency IPO – Summary
Their Company was originally incorporated as “Arvind and Company Shipping Agencies Private Limited” as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 01, 1987, issued by the Registrar of Companies, Gujarat.
Subsequently, Their Company was converted from a private limited company to a public limited company by a resolution passed in the Extra-Ordinary General Meeting of the company dated March 27, 2023, and consequently, the name of their Company was changed to “Arvind and Company Shipping Agencies Limited” and a fresh certificate of incorporation dated April 10, 2023, was issued to their Company by the Registrar of Companies, Ahmedabad.
The Promoter of this company is MR. ARVIND KANTILAL SHAH, MR. VINIT ARVIND SHAH, MRS. PARUL ARVIND SHAH AND MR. CHINTAN ARVIND SHAH. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Arvind and Company Shipping Agency IPO Date
The opening and closing dates of Arvind and Company Shipping Agency IPO are October 12, 2023, and October 16, 2023, respectively.
Arvind and Company Shipping Agency IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 12th Oct | 11.77x | 21.40x | 18.59x |
| 2nd Day – 13th Oct | 19.15x | 59.48x | 41.33x |
| 3rd Day – 16th Oct | 436.05x | 321.97x | 385.03x |
| Shares Offered or Net Issue | 1,554,000 | 1,554,000 | 3,276,000 |
The shares subscribed by the public will be updated here.
Arvind and Company Shipping Agency IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Arvind and Company Shipping Agency Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | October 19, 2023 |
| Refunds Initiation | October 20, 2023 |
| Credit of Shares to Demat Account | October 23, 2023 |
| Share Listing Date | October 25, 2023 |
Arvind and Company Shipping Agency IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.45
Arvind and Company Shipping Agency IPO Equity Size
This Initial Public Issue of 3,276,000 Equity Shares of Rs.10 each for cash at a price of Rs.45 per equity share aggregating to Rs.1,474 Lakh.
Arvind and Company Shipping Agency IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,276,000 Equity Shares of Rs.10/ each.
Issue Size: 3,276,000 Equity Shares of Rs.10 each, aggregating to Rs.1,474 Lakh
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Arvind and Company Shipping Agency IPO – Live Performance
The listing date of this IPO is October 25, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Arvind and Company Shipping Agency Share Price |
Arvind and Company Shipping Agency IPO Grey Market Premium
The Arvind and Company Shipping Agency Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Arvind and Company Shipping Agency IPO – Company Overview
Located in Jamnagar, Gujarat, their company was incorporated in the year 1987. Their company is part of the Arcadia group, founded by their visionary promoter Mr. Arvind Kantilal Shah and his father Mr. Kantilal Premchand Shah. Arcadia Group provides various port construction and chartering services.
As of date, the group has a portfolio of approximately 34 barges to cater to its clients. Arcadia Group is a service provider to various port construction companies. Such services include stevedoring, Cargo handling, ship agency work, dredging, underwater trenching, underwater rock breaking, port constructions, port maintenance and other marine works.
They strive to explore new avenues of business, which can leverage the long-standing relations of their promoters in the industry. In order to develop a new business vertical, the company has recently forayed into the hospitality business.
Arvind and Company Shipping Agency IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Mar-21 | Mar-22 | 31-Mar-23 | 31-May-23 | |
| Total Assets | 578.46 | 1,860.94 | 3,381.18 | 3,574.87 |
| *Total Revenue | 52.51 | 331.44 | 841.10 | 238.62 |
| Total Expense | 39.08 | 193.94 | 360.53 | 81.86 |
| Profit After Tax | 23.75 | 100.28 | 347.12 | 113.58 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | Mar-22 | 31-Mar-23 | 31-May-23 | |
| Basic & Diluted | 0.32 | 1.34 | 4.62 | 1.28 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 347.12 Lakh, Rs. 100.28 Lakh and Rs. 23.75 Lakh respectively.
Arvind and Company Shipping Agency IPO – Promoters
The Promoter of this company is:
- MR. ARVIND KANTILAL SHAH,
- MR. VINIT ARVIND SHAH,
- MRS. PARUL ARVIND SHAH
- MR. CHINTAN ARVIND SHAH
List of Related Parties (Key Managerial Personnel)
- Arvind Kantilal Shah – Chairman cum Managing Director
- Vinit Arvind Shah – Whole Time Director
- Piyush Chimanlal Vora – Non-Executive Director
- Parul Arvind Shah – Non-Executive Director
- Vijay Shamjibhai Dattani – Independent Director
- Vipulchandra Sureshchandra Acharya – Independent Director
Arvind and Company Shipping Agency IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – 73%
Arvind and Company Shipping Agency IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3276000 Equity Shares aggregating up to Rs.1474.20 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 168000 Equity Shares aggregating up to Rs. 75.60 Lakh |
| Net Issue to the Public | Up to 3108000 Equity Shares aggregating up to Rs. 1398.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 1554000 Equity Shares |
| Other than Retail Individual Investors | Not more than 1554000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 8861800 Equity Shares |
| Equity Shares outstanding after the Issue | 12137800 Equity Shares |
Arvind and Company Shipping Agency IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Capital Expenditure of their company
- General Corporate Purpose
- To meet Public Issue Expenses
Arvind and Company Shipping Agency IPO – Business Strategy
- Improving their functional efficiency
- Leveraging their market skills and relationship
- Customer Satisfaction
Arvind and Company Shipping Agency IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Competitive cost structure and efficient operations
- The location of their facilities promotes closer association with their vendors and customers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.62 | 46.88% | 12.17 |
| 31-Mar-22 | 1.34 | 19.39% | 7.55 |
| Mar-21 | 0.32 | 5.17% | 6.23 |
Arvind and Company Shipping Agency IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operations (Rs. in Lakhs) | |
| Arvind and Company Shipping Agency Limited | 10 | 9.74 | 4.62 | 46.88% | 711.45 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Arvind and Company Shipping Agency IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: Shilp Corporate Park, B Block, 13th Floor, B-1311-1314, Near Rajpath Club, Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat- 380054. Telephone Number: 079 4918 5784 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Arvind and Company Shipping Agency IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration Number: INR000003241 Address: D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India. Tel. Number: 011-40450193-197 Fax- 011-26812683 Email Id: Ipo@skylinerta.com Investors Grievance Id: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Mr. Anuj Rana CIN: U74899DL1995PTC071324 |
Arvind and Company Shipping IPO – Other Details
- Statutory Auditor – CA Sarvesh A Gohil, Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – Bank of Baroda
Arvind and Company Shipping IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Arvind and Company Shipping Agency Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Arvind and Company Shipping IPO Review FAQs
Check out various FAQs related to Arvind and Company Shipping IPO:
What is the Issue Size of Arvind and Company Shipping IPO?
The Company is making an initial public offer of 3,276,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Arvind and Company Shipping IPO?
The price band for this particular IPO ranges between Rs 45. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Arvind and Company Shipping IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 12, 2023, while the closing date is set at October 16, 2023.
What is the Arvind and Company Shipping IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on October 19, 2023, refund initiation is on October 20, 2023, credit of shares is on October 23, 2023, and share listing date is on October 25, 2023.
What is the Arvind and Company Shipping IPO Listing Date?
Shares of this company shall be listed in the exchanges on October 25, 2023. The date, when the listing would be done, is stagnant on October 25, 2023.
Who is the Registrar of Arvind and Company Shipping IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Arvind and Company Shipping IPO?
Here are the promoters of this IPO – MR. ARVIND KANTILAL SHAH, MR. VINIT ARVIND SHAH, MRS. PARUL ARVIND SHAH AND MR. CHINTAN ARVIND SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Arvind and Company Shipping IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Arvind and Company Shipping IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Arvind and Company Shipping Agency Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 347.12, 2022 is 100.28, and 2021 is 23.75. PAT from May 2023 is 113.58.
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