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Arvind and Company Shipping Agencies Limited IPO Date, Price, Review and Details

 

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Arvind and Company Shipping Agencies Limited IPO

October 12, 2023 - October 16, 2023 Closed

Arvind and Company Shipping Agencies Limited IPO

Arvind and Company shipping Agencies Limited IPO they started in 1987, their company has been working as shipping and forwarding agents. Their earnings come from the commissions they charge their clients. In 1997, they bought the "Hotel Millennium Plaza," which brought in rental income until 2021. They offer complete barge rental services with various choices customized to fit their customers' specific needs. In this category, their clients are construction companies that frequently need barges to move heavy machinery, building materials, or workers to and from construction sites near water.  They really care about their customers, and their goal is to go above and beyond their expectations by keeping their promises. The way they focus on their customers and maintain friendly relationships with them is what makes their company strong.

Company Promoters:

· Mr. Arvind Kantilal Shah
· Mr. Vinit Arvind Shah
· Mrs. Parul Arvind Shah
· Mr. Chintan Arvind Shah

Objects of this Issue:

·  Funding Capital Expenditure of their company
·  General Corporate Purpose
·  To meet Public Issue Expenses

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

3,381.18

1,860.94

578.46

Total Liabilities

2,468.13

1,295.02

111.85

Net Profit

347.12

100.28

23.75

Arvind and Company Shipping Agencies Limited IPO Schedule

1.     Bid or Offer Opens on: 12 October 2023
2.     Bid or Offer Closes on: 16 October 2023
3.     Finalization of BoA: 19 October 2023
4.     Initiation of Refunds: 20 October 2023
5.     Credit of shares to Demat account: 23 October 2023
6.     Listing Date: 25 October 2023

Arvind and Company Shipping Agencies Limited IPO Lot Size

The market lot size of Arvind and Company Shipping Agencies Limited IPO is 3,200 shares. The minimum and maximum order quantity is an following

Application

Lots

Shares

Amount

Minimum

1

  3000

₹135,000

Maximum

1

  3000

₹135,000

S-HNI(Minimum)

2

  6,000

₹270,000



Company Contact Details:

City point 701 to 702, Fifth Floor, Nr. Town Hall,

Jamnagar361001, Gujarat, India.

Phone: +91 9913411144

Email:  info@arvindshipping.com

Website:  www.arvindshipping.com

 

Arvind and Company Shipping Agencies Limited IPO Registrar Details:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

D-153A, 1st Floor, Okhla Industrial Area Phase-I,

New Delhi – 110020, India

Telephone:  011-40450193-197

Email: Ipo@skylinerta.com

Website: www.skylinerta.com

 

Frequently Asked Question

The face value of Arvind and Company Shipping Agencies Limited IPO is ₹10 per share.
You will receive Arvind and Company Shipping Agencies Limited IPO shares in your Demat account on October 23, 2023, if allotted.
Pre-issue shareholding of the Arvind and Company Shipping Agencies Limited IPO promoter is 100%.
If you do not get the allotment of Arvind and Company Shipping Agencies Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Closing date of Arvind and Company Shipping Agencies Limited IPO is October 15, 2023.
Opening date of Arvind and Company Shipping Agencies Limited IPO is October 12, 2023.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
Arvind and Company Shipping Agencies Limited IPO share price ₹45 per share.
Post-issue shareholding of the Arvind and Company Shipping Agencies Limited IPO services promoter is 73%.
The meaning of "Arvind and Company Shipping Agencies Limited IPO GMP today" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Arvind and Company Shipping Agencies Limited IPO on the current day.
Arvind and Company Shipping Agencies Limited IPO Shares will get listed at NSE SME.
The specific dates for the IPO will be mentioned in the IPO prospectus. Investors should refer to the prospectus or the stock exchange's website for accurate information on the opening and closing dates.
Arvind and Company Shipping Agencies Limited is a shipping agency company that provides a range of services in the shipping industry, including vessel handling, cargo operations, and logistics.
Lot size of the Arvind and Company Shipping Agencies Limited IPO is 3000 shares.
Arvind and Company Shipping Agencies Limited IPO shares will get listed on October 25, 2023.
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