Issue Price
₹61
Per Share
GMP
NIL
Grey Market
Est. Listing
₹61
Expected Price
Min. Application
₹244,000
2 lots × 2000 shares
Incorporated in 2012, Arvee Laboratories (India) Limited is Ahmadabad, Gujarat based company engaged in trading in specialty chemicals by getting manufacturing done on job work basis. Company has plans to begin manufacturing of specialty chemicals in near future.Arvee Labs is mainly engaged in manufacturing of Polymer Modifiers, Contrast Media Intermediates and Drug Intermediates. Company caters to the demand of both domestic as well as international markets.Arvee Labs bought land, building and machineries from Skylink Chemicals Private Limited who was engaged in manufacturing of specialty chemicals. Currently, Company is negotiating with IDBI Bank Limited to take over the business of Skylead Chemicals Limited which has been declared as sick by BIFR.
Arvee Laboratories (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 76,000 | — | ₹0.46 Cr | — |
| TOTAL | 1,460,000 | 100.00% | ₹8.91 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹122,000 |
| Retail (Max) | 13 | 26,000 | ₹1,586,000 |
| sNII (Min) | 14 | 28,000 | ₹1,708,000 |
| bNII (Min) | 68 | 136,000 | ₹8,296,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 34.93 | 26.92 | 13.05 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1.55 | 0.18 | -1.64 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 35.67 | 35.21 | 26.02 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |