Business description – Accuracy Shipping is a third party logistics solutions provider. It offers customized and end-to-end logistics solutions and services including transportation and distribution, freight forwarding, clearing and forwarding service, custom house clearance, warehousing and value added services to its clients. It operates through a pan-India network consisting of a registered office at Gandhidham, 5 branch offices and over 1,300 clients as at 31 January 2018. In addition to using hired fleets, it also has a fleet of more than 150 vehicles to meet its inland transportation requirements.
Promoters of Accuracy Shipping – Vinay Tripathi and Rama Tripathi
| Accuracy Shipping IPO details | |
| Subscription Dates | 11 – 14 June 2018 |
| IPO Price band | INR81 – 84 per share |
| Fresh issue | 4,936,000 shares (INR39.98 – 41.46 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,936,000 shares (INR39.98 – 41.46 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Part payment/prepayment of certain secured borrowings – INR7.50 crore
- Purchase of goods transportation vehicle – INR5.17 crore
- Working capital requirements – INR15 crore
- General corporate purposes
- Issue expenses
| Accuracy Shipping’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 30.65 | 97.39 | 161.66 | 170.79 | 201.29 | 266.53 |
| Total expenses | 30.21 | 96.52 | 161.10 | 168.59 | 198.56 | 256.51 |
| Profit after tax | 0.27 | 0.62 | 0.32 | 1.07 | 1.96 | 6.82 |
Accuracy Shipping’s Contact Details
Accuracy Shipping Limited
Survey No 42, Plot No 11,
Meghpur Borichi, Anjar
Kachchh 370 110
Phone: +91 02836 258251
Email:Â [email protected]
Website: www.asplindia.org
Accuracy Shipping IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.08 |
| Day 2 | 0.10 |
| Day 3 | 0.29 |
| Day 4 | 1.00 |
Accuracy Shipping Valuation (Latest FY)
Earnings Per Share (EPS): INR5.44
Price/Earnings (P/E) ratio: 14.88 – 15.4
Return on Net Worth (RONW): 14.68%
Net Asset Value (NAV): INR14.83 per share
Registrar of Accuracy Shipping IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Accuracy Shipping IPO Allotment Status
Accuracy Shipping IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Accuracy Shipping
IPO Opening Date: 11 June 2018
IPO Closing Date: 14 June 2018
Listing Date: 22 June 2018
Listing Price on NSE SME: INR88 per share (up 4.76% from IPO price)
Closing Price on NSE SME: INR85.95 per share (up 2.32% from IPO price)
