Arvind and Company Shipping Agency Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹18(40.00%)
Premium (ELP)
Following its successful public offering, Arvind and Company Shipping Agency Limited's made its market debut on Oct 25, 2023 and is now actively traded on the NSEplatform. The IPO mobilized 32,76,000 Shares in total capital, including 32,76,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹45 to ₹45 and minimum investment lots of 3000 shares. Investor participation during the subscription window from Oct 12, 2023 to Oct 16, 2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on Oct 19, 2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in September 1987, Arvind and Company Shipping Agency is based in Jamnagar, Gujarat, and specializes in marine vessel services and ancillary equipment. The company operates various vessels, including Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges, and Tugs, catering to multinational corporations. Expanding beyond shipping, the company has also ventured into the hospitality sector with Hotel Millennium Plaza and Hotel 999. With 15+ employees and 850+ completed projects, the company continues to grow with a strong foundation in shipping and logistics. Competitive Strengths: Experienced Promoters and Management Team Cost-efficient operations and competitive pricing Strategic location for strong vendor and customer relations
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
NA
NA
- Mr Arvind Kantilal Shah
- Mr Vinit Arvind Shah
- Mrs Parul Arvind Shah
- Mr Chintan Arvind Shah
Arvind and Company Shipping Agency Limited
Skyline Financial Services Private Limited