Arvind & Co.Shipping Agencies Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

12 Oct 2023

Close Date

16 Oct 2023

Allotment

19 Oct 2023

Listing Date

25 Oct 2023

Exchange

NSE SME

Price Band

₹45

Listing Price

See chart

Allotment Status

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Price Band

₹45

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

32,76,000 shares (aggregating up to ₹14.74 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

88,61,800 shares

Promoters

Post-IPO Holding

1,21,37,800 shares

Promoters

P/E (Pre)

9.74x

P/E (Post)

8.01x

EPS (Pre)

₹4.62

UPI Deadline

2023-10-16

Mandate

Anchor AllotmentWed, 11 Oct 2023

Basis of AllotmentThu, 19 Oct 2023

Refund InitiationFri, 20 Oct 2023

Demat CreditMon, 23 Oct 2023

Listing DayWed, 25 Oct 2023

UPI Mandate Deadline2023-10-16

Sale TypeFresh Capital

Net Offer to Public31,08,000 shares (aggregating up to ₹13.99 Cr)

Market Maker Quota1,68,000 shares (aggregating up to ₹0.7560 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Arvind & Co.Shipping Agencies Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Oct 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	168,000	—	₹0.76
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,276,000	100%	₹14.74

IPO Shares Offered

Arvind & Co.Shipping Agencies Ltd IPO total issue size: ₹14.74 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	168,000	₹0.76	5.13%
Total	3,276,000	₹14.74	100.00%

* Based on upper price band ₹45 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹45.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹270,000
Retail (Max — 13 Lots)	13	39,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,180,000

* Issue Price ₹45 × Lot Size 3,000 shares

IPO Schedule

Anchor

11 Oct 2023

✓ Done

IPO Open

12 Oct 2023

✓ Done

IPO Close

16 Oct 2023

✓ Done

Allotment

19 Oct 2023

✓ Done

Refunds

20 Oct 2023

✓ Done

Demat Credit

23 Oct 2023

✓ Done

Listing Day

25 Oct 2023

✓ Done

₹45.00

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Issue ₹45.00 Live Price

About Arvind & Co.Shipping Agencies Ltd

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. 

Objects of the Issue

. Funding Capital Expenditure of the Company

General Corporate Purpose

To meet Public Issue Expenses

Arvind & Co.Shipping Agencies Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹52.5

31 Mar 2021

₹331.4

31 Mar 2022

₹841.1

31 Mar 2023

Profit After Tax (PAT)

₹23.8

31 Mar 2021

₹100.3

31 Mar 2022

₹347.1

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	841.10	331.44	52.51
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	347.12	100.28	23.75
Net Worth	914.05	566.92	467.61
Total Assets	3381.18	1860.94	578.46
Reserves & Surplus	913.05	565.92	466.61
Borrowings	2232.21	1221.04	105.84
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

46.88%

RoCE

37.44%

RoNW

46.88%

Debt/Equity

2.44

Issue Structure & Shareholding

Total Shares Offered32,76,000 (100.00%)

Net Offer to Public31,08,000 shares (aggregating up to ₹13.99 Cr)

Reserved for Market Maker1,68,000 shares (aggregating up to ₹0.7560 Cr)

Pre-Issue Promoter Holding88,61,800 shares

Post-Issue Promoter Holding1,21,37,800 shares

P/BV RatioN/A

RoE46.88%

RoCE37.44%

Debt / Equity2.44

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Arvind & Co.Shipping Agencies Ltd IPO subscribed? ▲

Arvind & Co.Shipping Agencies Ltd IPO is subscribed 1.00 times by Oct 16, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Arvind & Co.Shipping Agencies Ltd IPO retail subscription status? ▼

The Arvind & Co.Shipping Agencies Ltd IPO retail category is subscribed 1.00 times as of 16 Oct 2023. The retail portion is oversubscribed.

How to subscribe Arvind & Co.Shipping Agencies Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 12 Oct 2023 and closes 16 Oct 2023. Min investment: ₹135,000 (1 lot = 3,000 shares). UPI mandate: 2023-10-16.

How many times Arvind & Co.Shipping Agencies Ltd IPO subscribed? ▼

The Arvind & Co.Shipping Agencies Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Arvind & Co.Shipping Agencies Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 19 Oct 2023. Refunds: on 20 Oct 2023.

When Arvind & Co.Shipping Agencies Ltd IPO will be listed? ▼

The Arvind & Co.Shipping Agencies Ltd IPO listing date is 25 Oct 2023, Wednesday. Listed on: NSE SME. Issue price: ₹45. Estimated listing: ₹45. GMP: NIL.

When Arvind & Co.Shipping Agencies Ltd IPO close? ▼

The Arvind & Co.Shipping Agencies Ltd IPO closes on 16 Oct 2023, Monday. UPI mandate: 2023-10-16. Allotment: 19 Oct 2023. Listing: 25 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹45.00

Change—

Issue Price₹45.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹45

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹45

Subscribed1.00x

Open Date12 Oct 2023

Close Date16 Oct 2023

Allotment19 Oct 2023

Listing Date25 Oct 2023

ExchangeNSE SME

UPI Deadline2023-10-16