Aarvi Encon IPO

Aarvi Encon IPOBusiness description from prospectus – Aarvi delivers world-class Engineering and Manpower Outsourcing Services with an intimate understanding of the Indian economy and business environment. It helps clients with its staffing solutions to provide a comprehensive range of services across all industry sectors to clients who are in need of specialist assistance. The company’s services can be tailored to meet the needs of each client and cover the full employee life cycle. Its full-service, staffing and recruiting department consistently delivers the best talent to its clients across India. The company strives to use innovative strategies in order to ensure the client is exposed to the top-tier talent.

For more than three decades, India’s leading companies have turned to Aarvi for their outsourcing needs for Engineering and Technical Manpower. It is providing services to corporates in Oil & Gas, Power, Refinery / Petrochemical, Pipeline, Infrastructure sectors in India and abroad.

Promoters of Aarvi Encon – Mr. Virendra Dalpatram Sanghavi and Mr. Jaydev Virendra Sanghavi

Aarvi Encon IPO details

Subscription Dates 21 – 26 September 2017
IPO Price band INR54 per share
Fresh issue 3,934,000 shares (INR21.24 crore)
Offer for sale Nil
Total IPO size 3,934,000 shares (INR21.24 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Aarvi Encon’s financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 78.5 96.7 114.6 109.9 146.5
Total expenses 72.0 88.8 105.1 106.0 141.3
Profit after tax 4.3 4.6 6.4 2.7 3.5

Aarvi Encon Limited
603, B1 Wing, Marathon Innova,
Marathon Nextgen Complex,
Lower Parel (W), Mumbai – 400013

Phone: +91 22 4049 9999
Email: [email protected]
Website: www.aarviencon.com


Subscription (no. of times)

Day 1 0.00
Day 2 0.17
Day 3 0.28
Day 4 1.43


Earnings Per Share (EPS): INR4.92

Price/Earnings (P/E) ratio: 10.98

Return on Net Worth (RONW): 15.23%

Net Asset Value (NAV): INR32.3 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]
Website: www.bigshareonline.com

Aarvi Encon IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 21 September 2017

IPO Closing Date: 26 September 2017

Listing Date: 5 October 2017

Listing Price on NSE SME: INR56 per share (up 3.7% from IPO price)

Closing Price on NSE SME: INR54.5 per share (up 0.9% from IPO price)



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