Arvind and Company Shipping IPO description – Incorporated in 1987, Arvind and Company Shipping Agencies is part of the Arcadia Group. The company is primarily engaged in chartering business. Chartering activities of the company mainly include chartering of Barge for commercial purposes. The company ventured into chartering barges by purchasing barge ‘Arcadia Sumeru’ in FY 2021, ‘KB-26’ and ‘KB-32’ in FY 2022, ‘KB-28’ and ‘Arcadia Minica’ in FY 2023.
Arvind and Company strive to explore new avenues of business, which can leverage the long-standing relations of the promoters in the industry. In order to develop a new business vertical, the company has recently forayed into the hospitality business with ‘Hotel Millennium Plaza’ and ‘Hotel 999’, situated in the surroundings of Jamnagar City Gujarat.
Arvind and Company Shipping Agencies derive its revenue majorly from 2 business verticals, as follows:
- Chartering of Barges: Under this vertical, it charters flat-topped barges to different coastal transporters. The coastal transporters then use the barges to transport their goods or equipment, depending upon their requirements. As of 31 May 2023, the company has Five barges for which it has 04 active work orders / renting agreements / MOUs.
- Hotel and Hospitality: Under its hospitality business vertical, the portfolio of hotels consists of 2 hotels namely ‘Hotel Millennium Plaza’ and ‘Hotel 999’, situated in Jamnagar City of Gujarat. Both Hotels have 72 well-furnished rooms each.
Promoters of Arvind and Company Shipping – Mr. Arvind Kantilal Shah and Mrs. Parul Arvind Shah
Table of Contents
Arvind and Company Shipping IPO Details
| Arvind and Company Shipping IPO Dates | 12 – 16 October 2023 |
| Arvind and Company Shipping Issue Price | INR 45 per share |
| Fresh issue | 32,76,000 shares (INR 14.74 crore) |
| Offer For Sale | NIL |
| Total IPO size | 32,76,000 shares (INR 14.74 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 135,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Arvind and Company Shipping Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 2M FY 2024 |
| Revenue | 35.86 | 257.40 | 711.45 | 233.30 |
| Expenses | 39.08 | 193.94 | 360.53 | 81.86 |
| Net income | 23.75 | 100.28 | 347.12 | 113.58 |
Arvind and Company Shipping Offer News
- Arvind and Company Shipping RHP
- Arvind and Company Shipping Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Arvind and Company Shipping Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.32 | 1.34 | 4.62 |
| PE ratio | – | – | 9.74 |
| RONW (%) | 5.17 | 19.39 | 46.88 |
| NAV | 6.23 | 7.55 | 12.17 |
| ROCE (%) | 3.46 | 20.97 | 37.44 |
| EBITDA (%) | 67.58 | 69.45 | 92.49 |
| Debt/Equity | 0.23 | 2.15 | 2.44 |
Arvind and Company Shipping IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 23 October 2023 | 20 | – | 44,000 |
| 20 October 2023 | 21 | – | 44,000 |
| 19 October 2023 | 25 | – | 48,000 |
| 18 October 2023 | 22 | – | 44,000 |
| 17 October 2023 | 18 | – | 35,000 |
| 16 October 2023 | 16 | – | 30,000 |
| 14 October 2023 | 15 | – | 28,000 |
| 13 October 2023 | 15 | – | 28,000 |
| 12 October 2023 | 15 | – | 28,000 |
| 11 October 2023 | 10 | – | 20,000 |
| 10 October 2023 | 12 | – | 22,000 |
| 9 October 2023 | 10 | – | 18,500 |
Arvind and Company Shipping IPO Subscription – Live Updates
| Catgory | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,722,000 | 1,554,000 | 3,276,000 |
| 16 Oct 2023 | 393.60 | 321.97 | 359.62 |
| 13 Oct 2023 | 17.29 | 58.25 | 36.72 |
| 12 Oct 2023 | 10.59 | 20.67 | 15.37 |
Arvind and Company Shipping Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor, B 1311-1314, Near Rajpath Club,
Rajpath Rangoli Road, S.G. Highway, Ahmedabad- 380054
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
Arvind and Company Shipping Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone:Â 011-40450193-197
Email:Â [email protected]
Website:Â www.skylinerta.com
Arvind and Company Shipping Contact Details
ARVIND AND COMPANY SHIPPING AGENCIES LIMITED
City point 701 to 702, Fifth Floor,
Nr. Town Hall, Jamnagar- 361001, Gujarat, India
Phone: +919913411144
E-mail: [email protected]
Website: www.arvindshipping.com
Arvind and Company Shipping IPO Allotment Status
Arvind and Company Shipping IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Arvind and Company Shipping IPO Dates & Listing Performance
| IPO Opening Date | 12 October 2023 |
| IPO Closing Date | 16 October 2023 |
| Finalization of Basis of Allotment | 19 October 2023 |
| Initiation of refunds | 20 October 2023 |
| Transfer of shares to demat accounts | 23 October 2023 |
| IPO Listing Date | 25 October 2023 |
| Opening Price on NSE SME | INR 80 per share (up 77.78%) |
| Closing Price on NSE SME | INR 80.05 per share (up 77.89%) |
IPO FAQs
What is the Arvind and Company Shipping offer size?
Arvind and Company Shipping offer size is INR 14.74 crores.
What is the Arvind and Company Shipping offer price band?
Arvind and Company Shipping public offer price is INR 45 per share.
What is the lot size of the Arvind and Company Shipping IPO?
Arvind and Company Shipping offer lot size is 3,000 shares.
What is Arvind and Company Shipping IPO GMP today?
Arvind and Company Shipping IPO GMP today is INR 20 per share.
What is the Arvind and Company Shipping kostak rate today?
Arvind and Company Shipping kostak rate today is INR NA per application.
What is Arvind and Company Shipping Subject to Sauda rate today?
Arvind and Company Shipping Subject to Sauda rate today is INR 44,000 per application.
