Business description – Arvee Laboratories started its work by trading in specialty chemicals by getting manufacturing done on job work basis from Skylead Chemicals Limited and Skylink Chemicals Private Limited. On April 20, 2013, the company bought land, building and machineries from Skylink Chemicals Private Limited which was engaged in manufacturing of specialty chemicals. Since 2013, Arvee Laboratories has been making additions to its plant & machinery, expanding capacities and modernizing its building.
Promoters of Arvee Laboratories – Mr Shalin Sudhakarbhai Patel and Mr Shalin Bharat Chokshi
| Arvee Laboratories IPO details | |
| Subscription Dates | 9 – 14 February 2018 |
| IPO Price band | INR61 per share |
| Fresh issue | 1,460,000 shares (INR8.91 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,460,000 shares (INR8.91 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Re-payment of unsecured loans of promoters – INR8.41 crore
- Issue expenses – INR0.5 crore
| Arvee Laboratories’ financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenue | 355.9 | 1,183.6 | 1,305.2 | 2,692.4 | 3,493.7 | 1,980.0 |
| Total expenses | 350.6 | 1,181.3 | 1,405.8 | 2,638.8 | 3,407.7 | 1,941.0 |
| Profit after tax | 4.3 | 1.9 | -164.7 | 18.7 | 155.2 | 31.6 |
Arvee Laboratories’ Contact Details
Arvee Laboratories (India) Limited
4th Floor, Anison Buliding, Stadium Five Roads
Swastik Society, Opp. Shreyas Hospital
Navrangapura, Ahmedabad- 380009
Phone: +91 79 2674 9036
Email: [email protected]
Website: www.arveelabs.com
Arvee Laboratories IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.66 |
| Day 2 | 1.68 |
| Day 3 | 2.75 |
Arvee Laboratories Valuation (Latest FY)
Earnings Per Share (EPS): INR3.83
Price/Earnings (P/E) ratio: 15.93
Return on Net Worth (RONW): 37%
Net Asset Value (NAV): INR10.36 per share
Registrar of Arvee Laboratories IPO
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
Arvee Laboratories IPO Allotment Status
Arvee Laboratories IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Arvee Laboratories
IPO Opening Date: 9 February 2018
IPO Closing Date: 14 February 2018
Listing Date: 22 February 2018
Listing Price on NSE SME: INR60.95 per share (down 0.08% from IPO price)
Closing Price on NSE SME:Â INR63 per share (up 3.28% from IPO price)
Same like Medico; no hopes from this pharma IPO too …………..