Business 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
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Aarvi Encon IPO details |
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| 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 |
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Aarvi Encon’s financial performance (in INR crore) |
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| 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
| Day |
Subscription (no. of times) |
| Day 1 | 0.00 |
| Day 2 | 0.17 |
| Day 3 | 0.28 |
| Day 4 | 1.43 |
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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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â 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)
anyone willing to sell his applcation @10000 plz conatact me
8863805714
this rate is only on confirm allotmnt
I have confirmed allotment will you purchase this application